Accelerate the Tax Efficiency of Roth TSP Distributions
The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.
Author: Carol Schmidlin
2016 Financial Resolutions
Does your personal financial plan need a tune up in the new year? The author offers some suggestions to consider as part of your new year’s financial resolutions as you plan for retirement and the long term needs of your family.
Know Your Limitations on Social Media
How can you avoid violating the Hatch Act while you are on the clock? The authors spell out what new guidance from the Office of Special Counsel says about proper use of social media for federal employees while they are at work.
Tax Favored ABLE Accounts For Special Needs Children
Congress recently introduced a new type of account for young, disabled individuals. This is a summary of how these accounts work.
Guidelines to Help You Prepare for Your Retirement ‘Graduation’
Are you on the cusp of retirement? These are some tips to keep in mind as you plan this next phase of your life.
Avoid Mistakes When Changing Your TSP Election
Changing your TSP contribution election to add the Roth option can be a little tricky. If done wrong, this could cause a FERS participant to lose out on thousands of dollars. The author explains by way of a real life example how this can happen and how to avoid making the mistake yourself.
Spring Cleaning for Your Financial Portfolio
Spring Cleaning is basically just trimming away the excess, updating, and even evolving. It’s a great idea to do this with many areas of your life, including your retirement portfolio. The authors outline three simple steps you can take to put your spring cleaning plan for your retirement savings into action.
March Madness and Taxes
March Madness is here! Yes, there’s the NCAA tournament, but the author reminds readers that it’s also tax season and provides some general tips to keep in mind as April 15th approaches.
8 Threats for Retirement Accounts Under President Obama’s 2016 Proposed Budget
While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. The author highlights eight budget provisions that would have a negative impact on many retirement accounts.
Turn Your Taxable Portfolio Into A Tax-Free Retirement Account
Long-time federal workers under CSRS have a unique opportunity for tax-free retirement income. The author describes how CSRS federal employees can contribute to the little-known Voluntary Contribution Program to overcome some of the major contribution limitations with IRAs.
