209 episodes

Federal News Network Senior Correspondent Mike Causey discusses everything of interest to federal employees, from pay, benefits and retirement, to buyouts, COLAs and pay freezes.

Your Turn with Mike Causey Federal News Network | Hubbard Radio

    • Government
    • 4.1 • 50 Ratings

Federal News Network Senior Correspondent Mike Causey discusses everything of interest to federal employees, from pay, benefits and retirement, to buyouts, COLAs and pay freezes.

    Final Your Turn episode to pay tribute to Mike Causey

    Final Your Turn episode to pay tribute to Mike Causey

    Listen to the final Your Turn with Mike Causey show. It’s a special tribute to Mike, who passed away in late September 2022, hosted by Federal Drive anchor Tom Temin and executive editor Jason Miller.

    Current and former Federal News Network colleagues and long-time guests of Your Turn will join this hour-long, commercial-free discussion about Mike’s impact on the federal community, share stories and memories of a man who impacted all of us with his wit, his knowledge and his desire to share and explain the intricacies of the federal world.

    Guests include:

    FNN General Manager Joel Oxley
    WTOP Program Director and former FNN Web Operations director Julia Ziegler
    FNN reporter Jory Heckman
    Tammy Flanagan
    Jessica Klement
    Art Stein
    Abraham Grungold
    Former FNN Editor-in-Chief Lisa Wolfe
    Former In-Depth anchor Francis Rose
    Former Federal Drive co-host Jane Norris
    Former Your Turn producer Lauren Larson

    • 1 hr 3 min
    Your estate plan: How to secure (or tarnish) your legacy

    Your estate plan: How to secure (or tarnish) your legacy

    In many ways, the way you handle your final affairs will determine how your family and friends remember you. So it’s important to get it right.

    Years ago, my uncle died and left his large, 700-plus acre farm (for comparison, New York’s Central Park is about 840 acres) to his daughter.

    Not his wife.

    On purpose. Or so he thought!

    He knew exactly what he was doing! That is, he thought he knew what he was doing. But instead of making a postmortem point, he messed up. Big time.

    It was not his first will. Nor (maybe) his last. That’s because he wrote wills all the time. Sometimes to punish some individual or group. And that may have made him feel good, or at least satisfied. But in the end it created a mess. Why? Because the only will that counts is the last one you wrote (or that your family finds) that was done properly. The notarized copy his wife found became the official one. It cut her out of the farm. Or so he thought. What apparently happened is that my uncle, acting as his own attorney-estate planner, managed to leave the farm (as in land, creek, trees, etc.) to his daughter but somehow all the property on the farm — several houses, some barns and other buildings — went to his wife. Cut to the chase. Bottom line is the will that took effect was the only one (or most recent one) found. It left his daughter the land and his wife the buildings on that land. Probably not what he had planned!

    After a bitter period of time his daughter bought the property on her land even though she was in debt for years paying for it. His wife got something. But nobody, including my uncle (who was a great guy), got what was intended. Lesson (if there is one): be careful who does your will. And your estate plan. And your trust. Do you know what you need? What’s best for your family? One of the first things to consider is do you have an estate? Many, if not most, career feds and retirees do. Worth more than they think. So what do you do?

    We tapped Washington attorney Tom O’Rourke for some estate planning help. He’s a former IRS lawyer who specialized in taxes and estates in private practice. He’s going to be the guest on today’s Your Turn radio show.

    • 57 min
    Your estate plan: How to secure (or tarnish) your legacy

    Your estate plan: How to secure (or tarnish) your legacy

    In many ways, the way you handle your final affairs will determine how your family and friends remember you. So it’s important to get it right.

    Years ago, my uncle died and left his large, 700-plus acre farm (for comparison, New York’s Central Park is about 840 acres) to his daughter.

    Not his wife.

    On purpose. Or so he thought!

    He knew exactly what he was doing! That is, he thought he knew what he was doing. But instead of making a postmortem point, he messed up. Big time.

    It was not his first will. Nor (maybe) his last. That’s because he wrote wills all the time. Sometimes to punish some individual or group. And that may have made him feel good, or at least satisfied. But in the end it created a mess. Why? Because the only will that counts is the last one you wrote (or that your family finds) that was done properly. The notarized copy his wife found became the official one. It cut her out of the farm. Or so he thought. What apparently happened is that my uncle, acting as his own attorney-estate planner, managed to leave the farm (as in land, creek, trees, etc.) to his daughter but somehow all the property on the farm — several houses, some barns and other buildings — went to his wife. Cut to the chase. Bottom line is the will that took effect was the only one (or most recent one) found. It left his daughter the land and his wife the buildings on that land. Probably not what he had planned!

    After a bitter period of time his daughter bought the property on her land even though she was in debt for years paying for it. His wife got something. But nobody, including my uncle (who was a great guy), got what was intended. Lesson (if there is one): be careful who does your will. And your estate plan. And your trust. Do you know what you need? What’s best for your family? One of the first things to consider is do you have an estate? Many, if not most, career feds and retirees do. Worth more than they think. So what do you do?

    We tapped Washington attorney Tom O’Rourke for some estate planning help. He’s a former IRS lawyer who specialized in taxes and estates in private practice. He’s going to be the guest on today’s Your Turn radio show.

    • 57 min
    Wanna be a TSP millionaire: Have you got the right stuff?

    Wanna be a TSP millionaire: Have you got the right stuff?

    Many people consider Michelangelo’s statue of David to be the most perfect sculpture ever. It was done in the early 1500s and stands 10 feet tall. Pretty impressive.

    Yet a friend of mine, Bill B, claims that his brother in-law, who has seen it in the flesh, thinks the masterpiece is overrated. After studying it for a few minutes, he concluded that virtually anybody could have done it.

    “All you have to do,” brother-in-law-said, “is get a really good piece of marble, then chip away all the pieces that don’t look like David.”

    Of course he’s right. Up to a point! But he’s leaving out some important details. The sort that face federal, postal and military personnel deciding how — and how much — to invest in their Thrift Savings Plan accounts. For some, TSP (with its generous government match) will provide one-third to as much half the money they have to spend in retirement. Regardless of the percentage, it’s a lot. So how do you become a TSP millionaire? We asked D.C.-area financial planner Arthur Stein if there is a magic formula. Several of his clients are TSP millionaires. The recent stock market nosedive reduced that number. And it has many investors rethinking their situation. Which is the subject of today’s Your Turn radio show with Art Stein.

    • 58 min
    TSP Jeopardy quiz: Do you dare take it?

    TSP Jeopardy quiz: Do you dare take it?

    Have you got what it takes to make the final cut, and maybe become a contestant on the popular TV show Jeopardy? Maybe become a millionaire? Interested? Take this test.

    If you dare…

    What weighs 990 million pounds, is worth $743 billion and has 6.6 million units found in every country of the world, every U.S. state, as well as Greenland and Antarctica. Oh, also in outer space.

    Correct answer:

    What is the federal Thrift Savings Plan, Uncle Sam’s in-house 401k for active and retired civil servants and government officials, and members of the military?

    The TSPs’ governing body, the Federal Retirement Thrift Investment Board, met yesterday for its monthly meeting. Federal News Network’s Drew Friedman covered it. She’ll be my guest today on Your Turn.

    • 53 min
    TSP returns: Who hit the down button?

    TSP returns: Who hit the down button?

    After one of the best, longest bull market runs in history, the continuing downhill trajectory of the stock market has lots of investors wondering what — if anything — they could and should be doing. At a time of an evolving pandemic, an expanding European war and major climate concerns, at first glance the answer is: probably not much!

    For many investors, the Thrift Savings Plan will provide anywhere from one-third to half their income in retirement. Assuming, of course, there is income!

    So what should you do, or not do? We’ll find out today on our Your Turn show with guest host Arthur Stein. He’s a Washington-area financial planner whose clients include many active and retired feds, including several self-made TSP millionaires.

    • 52 min

Customer Reviews

4.1 out of 5
50 Ratings

50 Ratings

jkoe1 ,

Great practical podcast but...

I enjoy all of Mike Causey’s podcasts and listen to each one. I’d give it a five (5) star however, there’s really not much mention of the single, no dependents demographic that planning to retire. It would be helpful if Mike and his guests could work touch on it in the podcasts as we need guidance and the practical steps, too.

MommaRunsOnCoffee ,

Episode 10/14/20 displays how “out of touch” host is with current (younger) federal workforce

Mike, you are a generous and dedicated host.... however, your discussion points on FMLA and the new paid parental leave policy were CRINGEWORTHY, and frankly, scary. “Many employees used to think the 12 weeks of unpaid leave was generous”..... what????! Thank you to your guests, who provided educated corrections and pointed remarks. I appreciate the education and relevant discussions, but could use less of the “federal employees have it so great” propaganda Mike tends to lean into HARD. (Also, thanks for laying off on the “I read the obits everyday” stories as well). ;)
Sincerely, federal employee in their 30s

K@@@@!!!! ,

Enjoy the Fruitful Discussions

Enjoy the podcasts. Good conversations on issues impacting federal employees. Keep up the good work.

However, I do agree with “jkoe1”. I’d like to learn about more topics of interest pertaining to the “single, no dependents demographic”.

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