How To Reduce Taxes in Retirement
Tax planning strategies both before and after retirement are crucial to minimize the amount of taxes paid over the course of a lifetime.
Tax planning strategies both before and after retirement are crucial to minimize the amount of taxes paid over the course of a lifetime.
Once federal employees have maxed out their TSP accounts, they can begin saving in other areas to help fully realize their financial goals.
What options are available for a TSP account that belongs to a federal employee or retiree who passes away? Here is an overview of the available options.
Can I contribute the max to my Roth TSP and also $6,000 to a Roth IRA in the same year?
If you are taking RMDs from an IRA, there is a way you can save on taxes while also giving to charity.
The author says that the upcoming TSP mutual fund window is not without drawbacks and that IRAs may provide federal employees with a viable alternative.
A spousal IRA not only helps couples save for retirement but can also help their overall financial planning strategies.
The last quarter of the year is a good time to review your finances. These are some financial planning strategies to reduce taxes and prepare for the coming year.
Federal employees have several options with respect to what they can do with their TSP accounts after they retire from federal service.
Federal employees are allowed to contribute to an IRA in addition to the TSP. Here are the contribution limits for 2021.