Question 1 If I retire at age 62, and I do a rollover into a traditional IRA, do I pay taxes on the rollover amount? Also, if I am over 59.5 yrs old (I plan to retire at 62) can I take a lump sum out of my TSP? If Read more…
Many of us have noticed that the cost of almost everything has increased significantly since this time last year. Home prices have skyrocketed. Health care expenses have surged. And even grocery prices have jumped. We all have dealt with this to some degree over our career but how Read more…
Have you ever bought something to then realize that you didn’t actually need the product/service? Or maybe you realized that you significantly overpaid for it? Unfortunately, I see this sort of thing all the time with Federal Employees and the federal life insurance (FEGLI). Now don’t get Read more…
https://youtu.be/83XF_RU4vaA Question 1 I currently work at a VA hospital. I have been investing 15% of my income into the traditional TSP and also 15% in the Roth TSP. I listened to one of your videos, and you had mentioned if you are married filing jointly and making over $209,000 Read more…
Question 1 I listened to your episode about investing in the TSP and traditional and Roth IRA all at the same time. I have money in all 4 (Roth and traditional TSP and Roth and traditional IRA outside of TSP). When I max out contributions to one account can I Read more…
https://youtu.be/LQoT9VjHajA
Are you planning on working while also taking your Social Security benefits? What about even a part-time job or business? If so, there are some major things that you need to know. Working While Collecting Your Social Security If you want the real summarized version of Read more…
Question 1 Can I transfer funds from my ROTH TSP into my ROTH IRA after I retire from the Federal Government or will funds need to be transferred prior to retiring? Answer 1 You certainly can move money from the Roth TSP to a Roth IRA after retirement and Read more…
