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…
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…
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…
TSP/Investing
Is Now The Best Time to Invest in The TSP?
Benjamin Franklin once said this now famous quote: “An ounce of prevention is worth a pound of cure”. In other words, planning ahead to prevent a problem is often way easier (and cheaper) than having to deal with it when the problem finally boils over and hits us square in Read more…
Taxes
Why The TSP Gives You Only 80% of Your Money
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…
TSP/Investing
Q&A: Can You Avoid the TSP 20% Withholding?
Question 1 Found your podcast and have been listening to it everyday on my mail route. You have answered SO many questions. Thank you. I will be 56 and have 30 years with the PO in 2023. If I start hitting my TSP at that time will I still Read more…
Retirement Planning
Q&A: No Pension or TSP for 1st 6 Months of Retirement?
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…