“SECURE Act 2.0” Would Make Tax Changes in 2022 and Beyond
A bill dubbed “SECURE Act 2.0” is moving through Congress. How would it impact the finances of federal employees?
A bill dubbed “SECURE Act 2.0” is moving through Congress. How would it impact the finances of federal employees?
The “SECURE Act 2.0” would change the age for required minimum distributions (RMD) from the TSP and require catch-up contributions to be Roth contributions.
After retiring from federal service, federal employees can leave money in the TSP or move it to an IRA. These are some considerations in weighing this decision.
RMDs were suspended in 2020 under the CARES Act, but we now go back to normal RMD rules in 2021.
The TSP has announced significant dates for end-of-year financial transactions.
The author looks at some things which he happened to miss by being born too early (or too late).
Required minimum distributions were suspended under the CARES Act, but if you already took one and want to replace it, it must be done before it’s too late.
The CARES Act allows hardship withdrawals from retirement plans, but it isn’t clear if the TSP will allow them for federal employees.
A new law that went into effect this year makes significant changes to retirement planning strategies.
The TSP has issued guidance on suspension of required minimum distributions in 2020 for the coronavirus.