Is 600k in your TSP really enough to retire? Or do you need 2 million like that one article said? Well there is only one way to find out! Let’s dive in. You Aren’t The Average Before we dive into the numbers it is important Read more…
Putting money in the TSP is easy. There are millions of federal employees that do it without incident every 2 weeks. But getting money out? That is much harder. At least if you don’t know what you are doing. Perks and Penalties The TSP has Read more…
I get it. You don’t want a mortgage in retirement. But taking a large TSP withdrawal to pay off the mortgage is probably not the best solution. At least if you care about how much you pay in taxes Good Intentions I think the famous Read more…
What Are Some Things to Consider Before You Withdraw Money from Your TSP Account? If you are separated from government service and your age is at least 59 ½, you can begin withdrawing money from your TSP account without restrictions or penalties. Before withdrawing money, however, you need to consider Read more…
Some decisions in life are forgiving and some are not. Some decisions have undo buttons attached while others are irreversible. Many of these irrevocable decisions are made all at the same time: Retirement! Here is a breakdown of what these decisions are so you can get them right. The Big Read more…
Deciding what to do with your TSP in retirement is a big decision! As your TSP is often the difference between a great retirement and a stressful one. And turning your TSP into an annuity is a big decision that should be made very carefully. Here are the biggest things Read more…
Everyone has the same goal in retirement: Don’t run out of money! But there are numerous different strategies that are used to ensure your money will last. Here are 3 of the most popular strategies. Sacred Principle The first strategy is the simplest. It is simply to only spend your Read more…
Warren Buffet is one of the most successful investors of all time with a current net worth of about 120 billion! But is there any part of Buffett’s investment strategy that applies to federal employees? I am glad you asked! While Warren made his billions picking individual stocks he gave Read more…
Primary TSP Funds ReturnThere are many TSP funds. The first TSP fund returns we will look at are the primary funds (G, F, C, S, and I funds). Source: https://www.tsp.gov/fund-performance/ Observations: The G and F fund are more conservative. The vast majority of the time the G and F fund Read more…
https://youtu.be/jph5RZNWBkk Your TSP (Thrift Savings Plan) is an awesome place to save for retirement and get tax benefits. But what happens to your TSP when you die? Where does it go? Who has to pay taxes/penalties? When do they have to withdraw it? This article will help Read more…
