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?
IRA
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.
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.
