The TSP and an IRA are both amazing tools to grow your money. But they are not created equal, especially while you are still working. But which is better at building wealth? Note: This article will focus on TSP vs. IRA while you are working. If you Read more…
There’s a high chance that you are not using the Roth TSP right now. Currently, only 36% of federal employees are using the Roth TSP. Today we’re going to be looking at some of the reasons why federal employees don’t use Roth TSP and some of the benefits that they Read more…
One of the most stressful times in your federal career is when you transition from working to retirement. It’s important to avoid mistakes as you transition. Many federal employees realize they don’t have as much money as they thought they would. In this article we will discuss some things you Read more…
Is your goal for a federal retirement to maintain your current standard of living? What is it going to take to do that? Today, we’ll be talking about your FERS retirement benefits and whether they are enough for your comfort level. Net vs Net Most people have a Read more…
Is investing all your retirement money in the G fund a good idea? When and how much can I withdraw from the TSP and not run out of money in retirement? Should I put all my TSP money in a TSP annuity? In this article, we will Read more…
There is More to a Happy Retirement Than Money When you discuss preparing for retirement, most of us automatically think about accumulating lots of money so we can financially do whatever we want during retirement. While it is true that having sufficient money during retirement is important, there are other Read more…
The TSP can be a great tool for retired federal employees. But, if not used in the right way, you can quickly lose everything you’ve worked so hard for. In this article we are going to look at a few ways federal employees can lose money very quickly in the Read more…
Your TSP Account is Generally Protected under the Qualified Account Under the Employee Retirement Income Security Act (ERISA) The good news is that your TSP account is a qualified account under the ERISA. This provides protection to your TSP account in the cases of lawsuits and bankruptcy. The funds in Read more…
The TSP is an incredible wealth building machine! If managed well, the TSP can double its value many times over. Here are 3 strategies to double your TSP as many times as possible. Tip #1: Investing in the Right Funds There are 5 basic TSP funds: G, Read more…
What is a Trust? A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. A living trust is a legal arrangement established during an individual’s lifetime that contains assets to be distributed after death and that bypasses probate. A trust can Read more…
