Tag: IRA
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.”
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?
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.
5 Financial Pillars for Young Federal Employees to Build Upon
The earlier you start saving for retirement, the better off you will be financially when you finally get there. Here are some tips for younger federal employees to help them build a stronger financial base for the future.
Required Minimum Distributions and Your IRA
How do required minimum distributions work with your traditional IRA? Here are some key facts for you to know.
FERS 3-Legged Stool vs FERS Recliner: Where Will You Sit?
The author outlines key components of the FERS system you will need to have a successful retirement.
Will There be a Super Saver TSP Program in Your Future?
The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement.
How To Tell If You Are Getting Bad Advice About Your TSP
Your savings inside of the Thrift Savings Plan that you worked so hard throughout your federal career to accumulate are a large component of providing income in retirement. It is important, therefore, to make sure you make the right choices with regards to preserving these funds. The author provides some advice for federal employees on different ways to determine what constitutes good and bad advice as it relates to their savings inside of the TSP.
Roth TSP vs. Roth IRA Showdown
The Roth TSP and the Roth IRA share many similarities, however, they are not the same thing. The author describes some of the similarities and differences federal employees should be aware of as they look at how each one fits into their retirement savings plans.
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.
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