Planning for the Ultimate Foreign Service Retirement (Part II) with William Carrington

After the incredible response we had to William Carrington’s first episode, he returns for a second episode to break down the steps necessary to successfully make the leap, both financially and emotionally, into a fulfilling retirement.

 

Hear William discuss:

• how to come up with a budget for retirement, even if you don’t know where you’ll retire
• why the first couple of years of retirement might be more expensive than expected
• when to take withdrawals from your TSP, pension, and social security 
• the dollar amount most FS retirees budget annually to live on each year
• why the FS pension and healthcare benefits are so valuable and how hard it is to match those benefits in the private sector
• what inflation does to retirement savings
• the one question you can ask yourself now to ensure your retirement is fulfilling

 

…..and so much more!

 

William Carrington is the owner of Carrington Financial Planning, a financial planning and wealth management firm that specializes in working with Foreign Service employees. Since founding his firm over a decade ago, William has worked with more than 500 Foreign Service clients. He is a Certified Financial Planner, a Retirement Management Advisor, a NAPFA-Registered Advisor, and is a fee-only fiduciary. He was also an Eligible Family Member (EFM) for 24 years until his wife retired from the Department.

 

Music: “Higher Up” by Shane Ivers