Tag: IRA

Proposed Amendment Would Eliminate Current TSP Catch Up Contributions

By on November 13, 2017 in Pay & Benefits, Retirement with 0 Comments
Proposed Amendment Would Eliminate Current TSP Catch Up Contributions

A proposed amendment to the Senate’s tax reform bill would eliminate current retirement savings catch-up contributions.

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Your TSP Contribution Limit Will be Higher in 2018

By on October 24, 2017 in Retirement with 0 Comments
Your TSP Contribution Limit Will be Higher in 2018

The IRS has announced the annual contribution limit to the TSP for 2018.

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When Does It Make Sense to Get Help With Retirement Planning and Investments?

By on October 17, 2017 in Retirement with 0 Comments
When Does It Make Sense to Get Help With Retirement Planning and Investments?

When does it make sense to work with a financial planner for retirement? The author provides some considerations on when you may or may not want to use one.

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What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?

By on October 4, 2017 in Q&A, Retirement with 0 Comments
What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?

Last year I contributed the max to a Roth IRA, but it turned out that my income was too high to contribute. Is it too late for me to fix this?

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What is a Backdoor Roth IRA?

By on September 13, 2017 in Retirement with 0 Comments
What is a Backdoor Roth IRA?

What is a backdoor Roth IRA, and is it right for you?

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Should Federal Employees Invest in a Roth IRA?

By on August 17, 2017 in Retirement with 0 Comments
Should Federal Employees Invest in a Roth IRA?

One advantage of a Roth IRA for federal employees is the opportunity to increase exposure to international markets. The author explains.

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What Can Federal Employees Do to Prepare for Proposed Retirement Cuts?

By on June 25, 2017 in Retirement with 0 Comments
What Can Federal Employees Do to Prepare for Proposed Retirement Cuts?

Efforts to reduce pension and salary benefits have led to more uncertainty for federal employees. What can federal employees do to be prepared?

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Can Roth TSP Withdrawals Be Taxed?

By on March 12, 2017 in Pay & Benefits, Retirement with 0 Comments
Can Roth TSP Withdrawals Be Taxed?

Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”

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Will I Be Forced to Spend My TSP When I Get Older?

By on February 14, 2017 in Q&A, Retirement with 0 Comments
Will I Be Forced to Spend My TSP When I Get Older?

I am 61 and getting ready to retire soon when I turn 62 and can draw my Social Security. It doesn’t appear I will ever need to touch my TSP or IRA, however, I was told I have to spend my TSP when I get older – is this true?

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Be Aware of TSP Spousal Beneficiary Rules

By on February 7, 2017 in Pay & Benefits, Retirement with 0 Comments
Be Aware of TSP Spousal Beneficiary Rules

A TSP participant can designate anyone as a beneficiary to a TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP. The author says it’s important to understand all implications of a spousal beneficiary deciding to keep funds inside of the TSP.

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