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…
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…
Question One thing my Financial Advisors did to lower our retirement taxes was to convert our TSP Traditional to an IRA Roth and pay the taxes now within the next couple years. The reason was to ensure we are not in a higher income for Medicare Part B is one Read more…
The TSP (Thrift Savings Plan) is an incredibly convenient and effective tool in building wealth. It allows employees to take money straight from their paychecks and invest it while also getting great tax advantages. If you invest in the traditional TSP (this is where most Fed’s money is at) Read more…
https://youtu.be/1UUe5C3WgRU We all want out retirement savings to last as long as possible and reducing your tax bill in retirement can be a great way to stretch every dollar. One of the biggest factors that will determine your tax bill in retirement is where you live and surprisingly, there Read more…
Who doesn’t love a good sale? Doesn’t it just feel good to save some money knowing that we took advantage of a limited opportunity? And it turns out that I am not alone. Just last year, us Americans spent a whopping 7.4 billion dollars on black Friday alone. https://youtu.be/TY_dmEHBLzY Taxes Read more…
A TSP loan can be heaven sent in a pinch or even for a down payment. The interest rate is extremely low (about 0.75% as of September 2020) and the small amount of interest you do pay just goes back into your TSP account. What is not to like? Well, Read more…
Over the last few years, healthcare costs have risen at around 5% a year and continue to be a concern for many. To help with this rising cost, the government made HSA’s (Health Savings Account) available as of 2003. HSA’s can be an incredible tool to save money on Read more…
Would you be willing to move in retirement to save money? Many federal retirees are, especially if they live in a state with high taxes and a high cost of living. And while we all know that where we live is not completely a financial decision, how the numbers stack Read more…
As a federal employee under the Federal Employees Retirement System (FERS), you are blessed with an incredible retirement package. Retirees under FERS are entitled to a pension, something that is becoming a thing of the past in the private sector, plus there are a lot of other benefits that federal Read more…
