Taxes
Can You Convert a Traditional TSP to a Roth TSP? | Thrift Savings Plan
https://youtu.be/m3DGtYbeVXk If you have watched my content for some time then I am sure that you know how helpful a Roth TSP(Thrift Savings Plan) or Roth IRA account can be in retirement. After all, these accounts can help save a tremendous amount in taxes over the course of your career Read more…
FERS Pension
Q&A: Will Your FERS Pension Reduce your Social Security?
Question 1 Can you do a video on whether the lump sum check for annual leave affects the FERS Supplement Earnings Limit? Answer 1 Great question. There are a number of things that do not affect your FERS Supplement earnings limit. Any income you have from your job including Read more…
TSP/Investing
How Much Can You Safely Take From TSP To Never Run Out of Money?
We all work hard to put away money for retirement but it can be hard to know when we have enough to actually pull the trigger and retire. Because after all, if we made a list of all the bad things that could happen in retirement, running out of Read more…
Taxes
5 Reasons You Need a Roth IRA For Retirement!
I talk to people about money and taxes all day long and I have yet to talk to someone who wants to pay more in taxes. I mean, we all want to pay our fair share of taxes but not many of us also want to leave a tip. Read more…
Retirement Planning
Q&A: The Most Important Person In Your Retirement Planning
Question I’m married, I noticed with the retirement package and the tsp plan there is an area where the spouse must sign. With the tsp must my spouse be notarized for each change made in withdrawals from the tsp? ( Example, monthly withdrawals to quarterly withdrawals) Answer You are Read more…
FERS Pension
MRA+10 Retirement: The Ultimate Guide
As a FERS employee there are numerous rules and nuances to understanding when thinking about retirement. First and foremost, you have to understand what type of retirement you are going to qualify for and what type of benefits you will get under that type. The MRA+10 retirement is a Read more…
TSP/Investing
Do You Really Understand What Your Life Savings is Invested In?
The TSP (Thrift Savings Plan) is the largest employer sponsored savings plan in the world and it (or at least should) plays a huge role in the retirement of every FERS federal employee. Thousands of millionaires are made every year just from effectively using their TSP account. But Read more…
TSP/Investing
Q&A: The Price You Actually Get When You Trade in The TSP
Question Hi. New subscriber here and now a regular viewer. What closing price do we get when we do an interfund transfer? Is it that day when we submit the interfund transfer request, or the next day? I kinda know the answer but I’m not so sure. Hope you can Read more…
FERS Pension
Should You Take the FERS Supplement or 10% Bonus to Your Pension?
I recently got this interesting question from a subscriber: “Should I retire at 60 vs. 62? I know that I’d get the FERS supplement if I retire at 60 but I’d get the 10% pension bonus if I retire at 62. How do I do the math to Read more…