Working Longer vs. Having Less in Retirement
In a previous article on the “best day” to retire from the perspective of the Thrift Savings Plan we discussed …More
TSP
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TSP Rollovers and RMDs When You’re 72 or Over
This article is written for those that are at – or over – the age at which required minimum distributions …More
Wait for Full Social Security Retirement Age for a Bigger Payment
How would you like to make a guaranteed 5% to 8% on an investment? There is a way to do …More
Securing a Strong Retirement Act Has New Benefits, but They Aren’t Free
There’s still a lot of buzz among financial and retirement professionals about the Securing a Strong Retirement Act that is …More
Retirement Savings Limit Increase Likely for 2022
It won’t be long before the Internal Revenue Service announces the new numbers that will apply to retirement savings in …More
Lesser Known TSP Misconceptions
A little while ago, I wrote an article about commonly held misconceptions about the Thrift Savings Plan. That article addressed …More
Rollovers: Moving Your Money Out of the TSP
Although the correct terminology for moving money from the TSP to an IRA or another tax advantaged account is “rollover”, …More
TSP and Retirement Considerations for Single Earner Households
Though it is not nearly as common as it was decades ago, some families have only one wage-earner. A one …More
Forms and Resources on TSP.gov to Know About
Like any government or financial organization, the Thrift Savings Plan has a myriad of forms and publications. You can find …More
TSP: Common Misconceptions
What do you think you know about the Thrift Savings Plan? Do you think you are an expert? Well, there …More
Rollover Into the TSP from an IRA
As TSP participants, we are allowed to roll money over into the TSP from qualified plans and qualifying IRAs both …More
Federal Benefits and Retirement Dates
Many articles have been written about choosing the “best” day to retire when it comes to federal pensions, both CSRS …More
A Roth TSP Can Be Your Emergency Fund Backup
What are you going to do in retirement if you spend down your emergency fund? Three to six months’ worth …More
TSP: Don’t Burn Through it, but Don’t be Afraid to Spend It
On June 3rd, FEDweek’s Retirement and Financial Planning Report led off with an article that had the headline: Three-Fourths Expect …More
Annuity, Social Security, TSP: How Your Retirement Income is Taxed
By now, most of us have filed our federal and state income tax returns. Even those of us who filed …More
New Guidance Clarifies RMDs for Inherited IRAs
In a recent article, we looked at the fact that the newest issuance of IRS Publication 590-B runs counter to …More
IRA Rothification Offers Path to Tax-Free Withdrawals
What is “Rothification” and what does it mean to those of us who are saving for retirement? The root word …More
FERS and Social Security Take Some Stress Out of Planning to Spend Your TSP, IRAs
There’s one magic date where, if you know it, your financial and retirement planning tasks will be a snap. That …More
IRA Income Limits
One advantage that the Thrift Savings Plan (TSP) has over Individual Retirement Arrangements (IRAs) is that there are no income …More
Vigilance Pays as Retirement Savings Rules Evolve
The quote, “eternal vigilance is the price of liberty” is sometimes misattributed to Thomas Jefferson – but whoever first uttered …More
IRS Should Clarify if RMDs are Required for “Other Beneficiaries” of Inherited IRAs
On March 25, 2021, in the newly revised Publication 590B, Distributions from Individual Retirement Arrangements, guidance given by the IRS …More
Bang for Your Buck: Get Smart About Finances
Oops, we missed it. April was Financial Awareness month. The good news is that financial awareness is something that we …More
How the TSP Has Changed Over the Years
There have been many changes to the Thrift Savings Plan over its 34 year history, and there will be more …More
Inheritance and TSP Beneficiaries
If a Thrift Savings Plan account holder dies, his/her account will be inherited by his/her beneficiary. Participants can designate a …More
Undoing a Roth Contribution; Recharacterization
Undoing either a contribution to a Roth IRA or a conversion from a traditional IRA to a Roth IRA is …More
TSP Account Balances Coming of Age
The number of “millionaires” in the Thrift Savings Plan is rapidly expanding, but that should not come as a surprise. …More
Safeguard Your TSP in Retirement by Planning Ahead on Healthcare
Unexpected healthcare costs could wind up being the biggest draw on your TSP account retirement. The right health care decisions …More
Set Up an IRA for a Child or Grandchild for a Head Start
Can children have Individual Retirement Arrangements (IRAs)? Yes, as there is no minimum age for having an IRA. Due to …More
Does a Roth IRA, or Roth Conversion Make Sense for You?
Traditional IRAs have been available to retirement savers who have earned income since 1974. That’s 23 years longer than Roth …More
Yes It’s OK to Spend Your TSP in Retirement
A couple of months ago, we used a song by Frankie Valli and the Four Seasons to make a point. …More
