Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
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.
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.
The author outlines key components of the FERS system you will need to have a successful retirement.
The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement.
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.