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.
IRA
Your TSP Contribution Limit Will be Higher in 2018
The IRS has announced the annual contribution limit to the TSP for 2018.
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.
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?
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?
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.
