Roths are a powerful federal retirement planning tool! Whether it be your Roth TSP or a Roth IRA, these accounts provide tax-free income in retirement, the opportunity to limit the taxation of your Social Security benefits, and no Required Minimum Distributions, to name a few of the perks. But not every federal employee is eligibleContinue reading “When Can Federal Employees Contribute To A Roth IRA?”
Tag Archives: IRA
5 Things Federal Employees Need To Know About RMDs
Many federal employees have heard about Required Minimum Distributions (RMDs), and although most will be subject to this rule, few know the details surrounding it. Since RMDs are such an important factor in retirement planning, this week, we are covering the 5 things you must know about them. So, let’s dive in! 1: What AreContinue reading “5 Things Federal Employees Need To Know About RMDs”
What Federal Employees Need To Know About Tax Diversification?
An overwhelming number of federal employees that come to me for help have most of their retirement assets in a tax-deferred account, meaning the traditional Thrift Savings Plan (TSP) and/or a traditional IRA. And while saving diligently in your TSP throughout your career is a great thing, using other account types to build diverse taxContinue reading “What Federal Employees Need To Know About Tax Diversification?”