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
Although the correct terminology for moving money from the TSP to an IRA or another tax advantaged account is “rollover”, …More
Though it is not nearly as common as it was decades ago, some families have only one wage-earner. A one …More
Like any government or financial organization, the Thrift Savings Plan has a myriad of forms and publications. You can find …More
What do you think you know about the Thrift Savings Plan? Do you think you are an expert? Well, there …More
As TSP participants, we are allowed to roll money over into the TSP from qualified plans and qualifying IRAs both …More
Many articles have been written about choosing the “best” day to retire when it comes to federal pensions, both CSRS …More
What are you going to do in retirement if you spend down your emergency fund? Three to six months’ worth …More
On June 3rd, FEDweek’s Retirement and Financial Planning Report led off with an article that had the headline: Three-Fourths Expect …More
By now, most of us have filed our federal and state income tax returns. Even those of us who filed …More
In a recent article, we looked at the fact that the newest issuance of IRS Publication 590-B runs counter to …More
What is “Rothification” and what does it mean to those of us who are saving for retirement? The root word …More
There’s one magic date where, if you know it, your financial and retirement planning tasks will be a snap. That …More
One advantage that the Thrift Savings Plan (TSP) has over Individual Retirement Arrangements (IRAs) is that there are no income …More
The quote, “eternal vigilance is the price of liberty” is sometimes misattributed to Thomas Jefferson – but whoever first uttered …More
On March 25, 2021, in the newly revised Publication 590B, Distributions from Individual Retirement Arrangements, guidance given by the IRS …More
Oops, we missed it. April was Financial Awareness month. The good news is that financial awareness is something that we …More
There have been many changes to the Thrift Savings Plan over its 34 year history, and there will be more …More
If a Thrift Savings Plan account holder dies, his/her account will be inherited by his/her beneficiary. Participants can designate a …More
Undoing either a contribution to a Roth IRA or a conversion from a traditional IRA to a Roth IRA is …More
The number of “millionaires” in the Thrift Savings Plan is rapidly expanding, but that should not come as a surprise. …More
Unexpected healthcare costs could wind up being the biggest draw on your TSP account retirement. The right health care decisions …More
Can children have Individual Retirement Arrangements (IRAs)? Yes, as there is no minimum age for having an IRA. Due to …More
Traditional IRAs have been available to retirement savers who have earned income since 1974. That’s 23 years longer than Roth …More
A couple of months ago, we used a song by Frankie Valli and the Four Seasons to make a point. …More
The word “aggregate” can be a noun, a verb, or an adjective. In this article, we’re looking at it as …More
Have you ever read an article in the financial media in which you were told that you need to save …More
When is a year not a year? When it is defined by the tax code, that’s when! Be careful when …More
In 2020 we had many tax related changes introduced by the coronavirus aid, relief, and economic security (CARES) act. The …More
Some of us may have already filed our federal income tax returns and many of us are expecting refunds. In …More
We’re getting close to tax time and many readers are beginning to organize their tax information in preparation for filing …More