In this video, I discuss how FERS federal employees can quickly estimate how much they’ll need in their TSP to retire. If you’re interested in learning more about the 4 percent rule, read this article. Additionally, if you’re planning for retirement, this is a must-read article on what to do with your TSP.
Category Archives: TSP
What Should Federal Employees Do With Their TSP At Retirement?
As federal employees prepare to retire, they face a critical decision; what should they do with their TSP? This challenge can typically be addressed by answering the following questions: should you transfer your TSP to an IRA? And how should you invest your TSP in retirement? While these questions are by no means easy toContinue reading “What Should Federal Employees Do With Their TSP At Retirement?”
How Federal Employees Can Manage Their TSP In Retirement: The 4 Percent Rule
You’ve worked hard for years, and now it’s time to ride into the sunset, but as retirement nears, you’re faced with the frightening challenge of turning your TSP into a monthly paycheck. Sure, you have your FERS pension and Social Security (or the FERS Supplement), and while these benefits will keep you from ever becomingContinue reading “How Federal Employees Can Manage Their TSP In Retirement: The 4 Percent Rule”
Top 2022 Articles For Federal Employees
I think every federal employee can agree that 2022 was an eventful year. This past year was full of noteworthy events, from huge TSP changes and wild market ups and downs to the approval of the largest COLA in decades. As we reflect on the year, I’ve compiled the top five most-read articles of 2022.Continue reading “Top 2022 Articles For Federal Employees”
Mid-Year Tax Tips For Federal Employees: Part 1
It’s hard to believe that half the year has gone by already, and while summertime is perfect for going on family trips and sunbathing, it’s also a great time for some mid-year tax planning. Yes, I know, taxes, everyone’s favorite topic. Although you may not enjoy reading through your 1040 or your 1099s, you willContinue reading “Mid-Year Tax Tips For Federal Employees: Part 1”
Withdrawing From Your TSP Early: Part 2 Age 55 And 50
While the TSP is great at providing tax benefits and allowing federal employees to save for retirement efficiently, it has several restrictions that limit how and when savings can be accessed. In fact, most federal employees are aware of the age restriction that imposes a penalty on TSP withdrawals before age 59 ½; however, manyContinue reading “Withdrawing From Your TSP Early: Part 2 Age 55 And 50”
The Big Mistake To Avoid When Transferring Your TSP
Most federal employees saving for retirement have heard the terms “IRA transfer” and “rollover,” which refer to how you move your money from the TSP to an IRA. And while both terms are often used synonymously, they’re not identical and have significant differences that you must be aware of to avoid making a big mistake.Continue reading “The Big Mistake To Avoid When Transferring Your TSP”
The New 2022 TSP Changes
For over a year, we have been hearing that the Federal Retirement Thrift Investment Board (FRTIB) has been working on upgrading the TSP platform. Well, the promised updates are nearly here! In fact, the platform is currently transitioning. By next week, federal employees will have more ways to access their accounts, communicate with the TSPContinue reading “The New 2022 TSP Changes”
Diversification: Reducing The Risk In Your TSP
Every federal employee has heard the saying, “Don’t put all your eggs in one basket.” If you understand this concept, you understand one of the most fundamental principles of sound investing, diversification. Given the recent stock market turbulence, I thought it would be good to review this essential principle. So, this week we’re going toContinue reading “Diversification: Reducing The Risk In Your TSP”
Are Your TSP Investments Right For You?
Do you lose sleep every time the financial markets decline, or do you view a market correction as an opportunity to invest at a more reasonable price? How you answer this question reveals a lot about whether your TSP investments are suitable for your risk profile. Creating a TSP portfolio that accurately reflects your riskContinue reading “Are Your TSP Investments Right For You?”