Working for the federal government is often not known for its crazy high salaries and bonuses. Despite this, many federal employees retire as millionaires. How is this possible? The answer: They knew how to use the TSP (Thrift Savings Plan) correctly. How To Invest In Your TSP Read more…
Question 1 If I retire at age 62, and I do a rollover into a traditional IRA, do I pay taxes on the rollover amount? Also, if I am over 59.5 yrs old (I plan to retire at 62) can I take a lump sum out of my TSP? If Read more…
https://youtu.be/83XF_RU4vaA Question 1 I currently work at a VA hospital. I have been investing 15% of my income into the traditional TSP and also 15% in the Roth TSP. I listened to one of your videos, and you had mentioned if you are married filing jointly and making over $209,000 Read more…
Question 1 I listened to your episode about investing in the TSP and traditional and Roth IRA all at the same time. I have money in all 4 (Roth and traditional TSP and Roth and traditional IRA outside of TSP). When I max out contributions to one account can I Read more…
Question 1 Dallen, love the videos and the help you provide. I plan on retiring next year at my MRA. I have a relatively small Roth IRA outside of the TSP and just started putting money into the ROTH TSP to start building more tax free money for later in Read more…
Many federal employees complain about the lack of investment choice inside the TSP given there are only 5 core choices. But what if there were 5,000+ investment choices? Would that be better? Believe it or not, come the summer of 2022 it looks like thousands of options Read more…
https://youtu.be/fxqC1cAQeYM
https://youtu.be/7d9cyyrG2Nw For any federal employee who is looking to get serious about planning for retirement it is critical to contribute and invest in retirement accounts. Most federal employees are taking advantage of the TSP but many are now thinking about an IRA as well. Note: To learn more Read more…
The TSP (Thrift Savings Plan) is an incredible tool for building wealth for federal employees. But with any great tool, there are often many questions on how to get the most out of it. One of the most asked (and important) questions that comes up is if a federal Read more…
