Question Can I contribute external money from an existing non-TSP IRA account to my existing Roth TSP? Answer You can transfer a traditional IRA into your traditional TSP however you can not transfer a Roth IRA into the TSP at all. The only way to transfer after-tax money into Read more…
Work is an incredible thing. When we enjoy our jobs, it gives us a forum to think, create, and contribute. But unfortunately, (as we all know) it can also be a major source of bureaucracy, frustration, and stress. For those that don’t enjoy their work, retirement planning comes a Read more…
Having enough money in retirement is one thing but being happy in retirement is a whole different story. And while getting your money right in retirement certainly aids in your happiness, there are certainly other things to consider as well. Here are 4 Things that can give us the best Read more…
https://youtu.be/FNH9_MQSBWo Question My husband will retire at age 60 with 38 yrs in combined Gvt. (special provision) and military. Due to Covid-19 our new home in FL. is now 1-2 yrs away right around retirement time. Should we use our TSP to pay for our new home in full or Read more…
Retiring early from the federal government is a dream come true for many feds. But how does an early out retirement work for feds and does it make sense for you (if you are even offered it at all)? For some, an early retirement makes incredible sense (because they were Read more…
Retirement can and should be an incredible time. After all, you have worked your entire life to achieve financial independence and “retire”. But then why does The Wall Street Journal say that retirement can be one of the worst things for your health? According to this 2019 article, retirement is Read more…
Question This segment takes us just to the edge of answering what our benefits look like in retirement. Didn’t answer: will the government continue to contribute to health insurance? What happens to basic life? Do we lose our supplemental life – is there an option to keep it? I heard Read more…
https://youtu.be/kmbjNW1SOYI Feel free to skip to the relevant parts of the article for you –How to Retire Early Under FERS –FERS Postponed Vs. FERS Deferred Retirement –FERS Deferred Retirement –When Does My Deferred Retirement Pension Start? –Reductions to Your Deferred Retirement –FERS Postponed Retirement –Should You Take a Deferred or Read more…
Our lives and careers are often split up into different stages and phases. Each phase has its own ups and downs and things to know to be successful. 5 years before retirement is a crucial phase in planning a great retirement because so many (often irreversible) decisions are made during Read more…
Question 1 Hi great channel! I will be retiring in March with 20 years of service under the law enforcement FERS and I am concerned because we are being told it’s going to take 6 months to receive even a partial FERS check and up to 12 months to receive Read more…
