TSP Early Withdrawal Penalty: Roth and Traditional
The Internal Revenue Code provides for penalties under certain circumstances and one of those circumstances is a 10% penalty that …More
TSP
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Military Personnel Participation in TSP Varies by Retirement System
US military personnel are eligible to participate in the Thrift Savings Plan under the same rules as those who work …More
TSP Changes Coming in 2022
The Thrift Savings Plan has been changing for the better ever since its inception back in 1987; and lately, the …More
As Roth TSP Turns 10 Years Old, Future Unclear
Happy Rothday! The Roth IRA is turning 25 years old this year. That means that it is 15 years older …More
High Earner Not Rich Yet; Are You a HENRY?
As current and former federal employees we are familiar with acronyms. Every agency has its own acronym; I worked for …More
SECURE Act Changes for Beneficiaries, RMDs
Just when we thought we understood the changes to retirement distributions from IRAs and employer plans (like the TSP) that …More
Your Nest Egg is Not a Rainy Day Fund
I like to solve crossword puzzles and, on January 11th, when I was doing the Universal Crossword in the newspaper, …More
Retirement Investing: Careful Who You Work With
Around New Year’s you will find articles that list the well-known who have died during the year. Most of them …More
In Review: TSP Modernization Act Two Years Later
Two and a half years ago the Thrift Savings Plan embarked on the first of many changes that were designed …More
How much is that investment in the new TSP mutual fund window?
Increasing diversification can be overwhelming and time-consuming. In his play, As You Like It, Shakespeare has Rosalind ask her lover, …More
20 Percent of TSP C Fund Invested in FAANG Stocks
Do you know that you hold shares in Facebook, Apple, Amazon, Netflix and Google? Probably quite a few shares. These …More
Key Tax and Benefit Dates Throughout the Year
Every year has deadlines and other dates that are important. Some of the dates (e.g., the due date for your …More
It’s Not Too Late! For IRA Contributions
It’s not too late! So go the lyrics of a 1992 song recorded by T-Bone Burnett. T-Bone could have been …More
Retirement Income Myths
There are some commonly accepted rules for retirement that most retirees tend to follow. Yet, there are others who would …More
When Should a Federal Employee Apply for Social Security Benefits?
When should a person apply for their Social Security retirement benefit? There are a lot of different viewpoints on this …More
Ten Things You Need to Know About Roth IRA Conversions
This article is about converting money from a traditional retirement account to a Roth IRA. Roth IRA conversions can come …More
Not All Financial Planners Are Created Equal
Are you managing your TSP and your IRAs? Or are you getting advice from financial professionals about how to invest …More
Year Ahead: Aphorisms to Consider on Investing
We like to find pithy quotes to support our point of view, whether it is our view on politics, sports, …More
Federal Retirement: When Age Isn’t Just a Number
More than one person has said that “age is just a number”. Indeed, it is a number, and it’s a …More
New Year Financial Resolutions and Your TSP
Are you thinking of making New Year’s resolutions for 2022? Don’t forget financial resolutions, including some that will impact your …More
TSP: Plan Ahead for Year-End Withdrawals
At the end of each calendar year the TSP changes its processing schedule – which is a good thing for …More
Holidays an Opportunity to Discuss Your Estate Plan
Many of us will be getting together with family over the upcoming holidays, which is an opportunity to talk. Whether …More
Don’t Get Surprised by Taxes in Retirement
It’s not too early to start thinking about your 2022 federal income taxes; especially if you are planning on retiring …More
TSP Investment Limits Set to Rise in 2022
On November 4th, the IRS announced the new numbers that will apply to retirement savings in 2022 – and they …More
TSP: Don’t Let the IRS Determine Your Withdrawal Strategy
Do you have a withdrawal strategy for your Thrift Savings Plan (TSP) and Individual Retirement Arrangements (IRAs)? A withdrawal strategy …More
Key Age Mileposts and the TSP
I was recently writing about qualifying life events (QLEs) as they apply to most federal benefits and could not find …More
SECURE Act and Back Door Roth Conversions
In the hit 1980s TV series The A Team, B. A. Baracus (played by Mr. T) would often announce that …More
Increasing TSP Contributions so You’re Not “Livin’ on a Prayer”
How many of you have reached, or are past the “Bon Jovi moment” of your career? What’s a Bon Jovi …More
TSP Beneficiary Form Comes Before Will, Trust
What does the Thrift Savings Plan have in common with most other federal benefits? The fact that, after your death, …More
Leaving Federal Service Due to Vaccine Mandate? Look Before You Leap
I suspect that most current federal employees are, or soon will be, “fully vaccinated” for COVID-19. By the CDC’s definition, …More
