Financial literacy: what does it mean to me?

Monday - 5/5/2014, 12:06pm EDT

For Your Benefit

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May 5, 2014 -- This week on For Your Benefit hosts Bob Leins and Tammy Flanagan reflect on the series of shows in April devoted to Financial Literacy Month.

Leins and Flanagan examine how some of the things we learned about finances can play a role in your personal and family financial decisions.

Topics discussed include:

  • What factors should you consider when deciding whether to start drawing Social Security or delaying that for some future date?
  • When you delay your retirement in order boost your high three, what are the break points of that and how do they influence your cash flow?
  • Are there computer programs or apps available that help with these calculations?
  • Should you ever use your TSP savings to pay off a home mortgage?
  • What is the best state to live in as a retired federal employee?