The Need for Tax-Efficient Retirement Strategies
Have you thought about what your tax bill may be at retirement? These are some strategies available to federal employees to offset a future tax burden.
Roth
Navigate the complexities of Roth accounts within the federal retirement system. This section provides expert insights into the Roth TSP, Roth IRA conversions, and tax-planning strategies tailored for the federal workforce. Learn how to leverage tax-free growth to hedge against future tax hikes, understand the nuances of TSP to Roth IRA transfers, and determine if a Roth conversion makes sense for your FERS or CSRS retirement strategy. Stay updated on contribution limits and the five-year rule to ensure your retirement income remains tax-efficient.
It’s Not Too Late to Contribute to an IRA for 2017
If you haven’t made a contribution to an IRA for the 2017 tax year, there is still time.
5 Spring Cleaning Tips for Your Financial House
What is your plan for retirement? The author lists some tips to help you make sure you are on the right track.
Happy 20th Anniversary Roth IRA!
2018 marks the 20th anniversary of the Roth IRA. Here is some information about how it can help you prepare for your retirement.
What’s Better: TSP or Roth TSP?
Which is better for your retirement savings: the TSP or the Roth TSP? Here are the basic differences and some resources to help you with this decision.
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?
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.”
Accelerate the Tax Efficiency of Roth TSP Distributions
The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.
Penalties for Withdrawing from Roth and Regular TSP
Will I get penalized for being only 56 and taking money out of the Roth TSP when I am eligible to take money out of the regular TSP?
