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Distributions from your TSP before age 59 1/2 are typically subject to an early withdrawal tax, but the Rule of 55 provides an exception. In this video, we discuss five crucial points that you should know about the Rule of 55. Do you have questions or concerns about Federal Benefits or Retirement Planning? 🗓️ Schedule a free consultation ...

In this video, Jose Armenta, CFP®, discusses how federal employees can withdraw from their TSP early, specifically the age 55 and 50 rule. If you want more details on the subject, read the following articles: https://yourfederalemployeebenefits.com/2022/07/20/withdrawing-from-your-tsp-early-part-2-age-55-50/ Are you looking to work with a ...

The rule of 55 is something that applies to workplace retirement plans including the TSP. It gives FERS retirees access to their TSP prior to age 59.5 that applies to IRAs. It's important that federal employees understand what it is and who it applies to. If you need help with your retirement planning and would like to schedule an introductory ...

Submit a question here: https://hawsfederaladvisors.com/question-submission-page/ The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.com/fers-pre-retirement-course-the-ultimate-guide/ Want to schedule a consultation? Click here: https://bit.ly/work_with_us_haws Retirement accounts (TSP, IRA, 401k etc.) can be a ...

In this episode of theSITREP, Paul covers at what age someone is able to withdraw funds from their Thrift Savings Plan. Paul is joined by U.S. Air Force Veteran, Mike Jerue, who serves as the Deputy Chief Investment Officer at Thrift Savings Plan. Listen to the complete Thrift Savings Plan Podcast here: https://media.transistor.fm/11bbf49e ...

In this video, Jose Armenta, CFP®, discusses the two critical TSP questions to answer at retirement. ***** Common Question****** How Does the Bucket Strategy work within the TSP? Because withdrawals come out of all funds proportionally, the account must be rebalanced after every withdrawal if all funds are in the TSP. For example, after an $8k ...

Using your Thrift Savings Plan (TSP) account successfully involves a lot more than just picking investments. Federal retirees need to understand portfolio management principles to give them the best chance of success. In this video, Thiago Glieger, federal employee advisor, discusses how to use your TSP correctly. [FREE Newsletter]: https ...

It is very important for a FERS retiree to understand how their Roth Thrift Savings Plan will work in retirement. Federal employees retiring prior to age 59.5 may be surprised to know that they won't have access to their Roth TSP without penalty. The withdrawal rules are different for traditional TSP, Roth TSP and Roth IRAs.

The thrift savings plan (TSP) is a retirement savings and investment program available only to federal employees and members of the uniformed services.

Having a FERS pension should change the way you allocate your TSP and other investments. A good retirement portfolio is completely different than when you're working, and if you aren't properly factoring your federal pension and Social Security, then you may be investing incorrectly. 📲 FREE Newsletter: https://thefedcorner.com/federal ...

Covered by the Federal Employees Retirement System? Watch this video to learn how the TSP fits into your retirement benefits package.

For early retirees, there is a way to avoid paying a 10% penalty on withdrawals from retirement accounts: the Rule of 55. 📊 Download your FREE How-To-Retire checklist: https://learn.howtoretire.co/checklist To learn more, visit our website: https://www.pranawealth.com/ #pranawealth #patrickking #howtoretire #retirement #retirementplanning ...

Explanation of the "Rule of 55" which is when certain tax-deferred employer retirement plans allow you to take penalty-free distributions prior to age 59 1/2. Links in this video: Retirement Planning Insights - https://www.tenonfinancial.com/newsletter Taxes in Retirement - https://www.facebook.com/groups/taxesinretirement #RetirementPlanning # ...

Tune in to learn about the VA disability 55-year rule. VA reexamines veterans with disability ratings occasionally to determine if their conditions have improved, stayed the same, or worsened. Periodic future C&P exams, which happen every 2 to 5 years, can result in a higher or lower VA rating or one that stays the same. In some situations, VA ...

In this episode of our 401k series, John discusses the "Age 55 Rule". If you are at least age 55 or approaching 55 and have a 401k plan, then this video is for you.

Social security becomes taxable when your combined income exceeds certain thresholds. Your Provisional Income (the amount of income that is taxable) is the sum of your AGI (Adjusted Gross Income - includes federal annuity and traditional TSP withdrawals) plus tax exempt income (from municipal bonds) plus 50% of your Social Security income. Most ...

At the time this video was published, all information was accurate but is subject to change as laws, policies, and regulations change. - In this video, we’re going to explore the 55 year old rule for VA disability. The VA 55 year rule states that veterans are protected from VA rating reductions if they are over the age of 55. But did you know ...

If you want to retire early and are thinking about using the little known 55t rule then you may want to keep a few things in mind. Many people ask us about retiring early with this rule but sometimes they get the rules confused. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments ...

The rule of 55 is an IRS guideline that allows you to avoid paying the 10% early withdrawal penalty on 401k and 403b retirement accounts if you leave your job during or after the calendar year you turn 55. Learn everything you need to know about the Rule of 55 in 9 rules of its own. 🔔 Subscribe for all things retirement, investment, tax ...

What is the difference between Rule 72t and 55? How does each rule influence your early retirement decisions? Our Financial Planning Specialist Matthews Barnett, CFP®, ChFC®, CLU® explains both the Rule of 72t and the Rule of 55 and how it can play a part in your retirement. Don't forget to read his full blog below! Download "Your Pre ...

Your 401(k) account is likely one of the most valuable assets you have, so it's essential to know when and how you can access it. These accounts are intended to fund your retirement, and as such you can access them penalty-free when you reach age 59½. In most cases, taking money out of your 401(k) before then will cost you a pretty penny ...

The Retirement Quick Guide walks you through what to expect as your retirement application is processed and your benefits are determined. Federal employees can see an outline of the steps they should take prior to retirement, as well as links to more information about different benefits options and factors that may delay retirement processing ...

Click this link to get your copy! http://lethemonfinancial.com/freeretirementguide How To Retire Happy, 7 Simple Steps To Creating Your Ideal Retirement I'm going to show you how to take retirement withdrawals from your retirement accounts before you turn 59 1/2, and do it without paying a penalty. You may be thinking about retiring early, but ...

Many people who retire early can use the rule of 55 to avoid the 401(k) early withdrawal penalty. You Must Leave Your Job the Year You Turn 55—or Later. If you retire or are laid off in the calendar year you turn 55 or later—or the year you turn 50 if you’re a public service employee—you can withdraw funds from your current 403(b) or ...

Most people retire around age 62, and most retirement advice is geared toward those who retire well after age 55. So if you’re retiring at 55, you need to be especially careful about typical rules and strategies—because they might not apply to you. 🤩 Check out my free online retirement calculator designed for early retirement: https ...

The VA's 55 Year Old Rule: What You Need To Know We are retired #VA raters and we educate veterans on the VA claims process. 📚You can now pick up my new book (signed copy), "VA CLAIMS SUCCESS: https://store.kmd89.com/ or order from Amazon (not signed): https://www.amazon.com/dp/1959508083 Welcome to our You Tube channel dedicated to Veterans ...

The simplest rule to get around the 10% penalty before 59 and 1/2 is available to you if you retire in the year you turn age 55 or later.

Are you optimizing your retirement withdrawal strategy to deliver the maximum wealth to you and your family? Do you know which account to pull from first in retirement? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www ...

The rule of 55 allows you to withdraw money from your 401k in the year you turn 55 and avoid the 10% penalty. You must have separated from your company and this does NOT apply to IRA's. Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDAlu04OKiAZLu_5JaRwJw?sub ...

Unlock the secrets to optimizing your Thrift Savings Plan in our latest video! 📈 Whether you’re a federal employee or a retiree, making informed decisions about your TSP can significantly impact your financial security. Learn what is the best way to maximize your withdrawals, avoid common mistakes, and secure a robust retirement income ...

Unlock the power of your Thrift Savings Plan with expert guidance! Join us in our latest All About Fers video, featuring John Raleigh, CFPⓇ, as he demystifies the world of TSP withdrawals. Discover how to tailor your TSP withdrawals to your unique needs by understanding the rules and regulations that govern them. Take control of both the ...

There is only 1 valid reason I know of why you should keep money in your TSP when you retire from federal service. You may disagree with this comment, but most objections to this statement can be accomplished with solutions outside of the TSP. In this video we will: • Debunk some of the most common myths you may have heard • Provide ...

Does it make the most sense for your situation to do a standard rollover when you retire or could you benefit from a 'reverse rollover'? Either with a 401k, 403b, or TSP, a reverse rollover can be a powerful option for some retirees. You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan ...

Your 401k may be one of your biggest retirement savings tools. But how do you use it? Covered in this video are the 401k withdrawal rules, how you can access and use the money you’ve saved up, and alternative options like completing a 401k rollover to an IRA. Website: https://sierensfinancialgroup.com/ FB: https://www.facebook.com ...

The Rule of 55 Explained Jump start your journey with our FREE financial resources: https://moneyguy.com/resources/ Reach your goals faster with our products: https://learn.moneyguy.com/ Subscribe on YouTube for early access and go beyond the podcast: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1 Connect with us on social media for ...

For those under age 59-1/2, Rule 72(t) is one way to avoid paying the 10% penalty on early withdrawals from retirement accounts. 📊 Download your FREE How-To-Retire checklist: https://learn.howtoretire.co/checklist -- LINKS -- Rule 72(t) calculator: https://www.bankrate.com/retirement/calculators/72-t-distribution-calculator/ IRS guidance ...

55 and Separated from Service Rule Explained The 55 and Separated from Service rule, also known as the Rule of 55, is a provision that allows individuals who are at least 55 years old and have separated from their employer to withdraw funds from their employer-sponsored 401(k) plan without incurring the usual 10% IRS early withdrawal penalty ...

Check out the full article here: https://planyourfederalbenefits.com/blog/ Check out my courses here: https://planyourfederalbenefits.com/courses-main-page/ Check out my articles on FedSmith here: https://www.fedsmith.com/author/dallen-haws/ Dallen Haws at Haws Financial Planning Sierra Vista, AZ Want to work with me? Click here: https://bit.ly ...

What are the early withdrawal rules for 401K, 403b, 457, and TSP? Let's go over how much you need to invest every year to have $1 million by age 55. High-Yield Savings Account with Ally Bank (Affiliate): ️ https://www.ally.com/referral?code=5C9F7K4T7T Private Group Coaching with Psy ️ https://www.youtube.com/channel/UCxVMI3H_O2PW5O4qpORkZ_Q ...

In this video, we focus on the key factors that you should consider when deciding what to do with your Thrift Savings Plan (TSP) when you retire. Do you have questions or concerns about the Thrift Savings Plan, Federal Benefits, or Retirement Planning? 🗓️ Schedule a free consultation at: https://calendly.com/fedwayfinancial/free ...

If you are retiring early, where can you get money from before age 59.5 to avoid any penalties? Enter the Rule of 55. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. Find more information ...

Retirement planning often involves assessing various income sources such as federal pensions, Social Security, and personal savings like the Thrift Savings Plan (TSP). Federal employees have unique opportunities regarding TSP withdrawals, such as penalty-free access if retiring in the year they turn 55 or older. TSP withdrawals are subject to ...

What are thrift savings plan withdrawals – What is a thrift savings plan withdrawal? http://www.RetireSharp.com 1-800-566-1002. What are the best types of ways to take tsp withdrawals for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to withdraw money from their tsp retirement accounts ...

Planning for retirement is a big deal. It is often compared to climbing a mountain and getting to the top (aka retirement) is a big accomplishment. But like all hikers and adventurers know, the journey isn’t over once you get to the top of the mountain. You still got to make it down. Taking money out of your TSP is part of coming down the ...

The rule of 55 can help you avoid the early 401(k) withdrawal penalty. Here’s what it is.

Understanding Your 401k Withdrawals After Age 59 1/2 • Unlock the secrets of your 401k withdrawals after age 59 1/2! Discover the rules, limitations, and whether or not you can withdraw more than the limit. Learn from financial experts and make the most of your retirement savings. Watch now! 00:00 • Can I withdraw more than the limit from ...

How To Take Early 401k Withdrawal Without Penalty || DON'T Rollover Your 401k || 401k Rule 55 Click Here For More Retirement Planning Videos: https://bit.ly/3wH3mgb In this video, I want to talk about the Rule of 55 for 401k's and why if you are thinking about retiring early you should NOT rollover your 401k. The Rule of 55 is an IRS guideline ...

A 100 P&T VA disability rating should not be confused with a protected VA disability rating. A "protected" rating is a VA rating that cannot be reduced or revoked by VA in the future, absent fraud in the application. 00:00 Introduction to 100% P&T VA Disability Ratings 00:51 How long does permanent VA disability last? 3:33 When can the VA ...

Free Copy of My Book: Building Wealth In the TSP: Your Road Map To Financial Freedom as A Federal Employee: https://app.hawsfederaladvisors.com/free-tsp-e-book FREE WEBINAR: "The 7 Biggest FERS Retirement Mistakes": https://app.hawsfederaladvisors.com/7biggestmistakeswebinar Want to schedule a consultation? Click here: https://bit.ly/work_with ...

Most people with 401Ks know they can withdraw without a 10% tax penalty starting at age 59 1/2. What is lesser known is the IRS Rule of 55. This provision allows you to start penalty-free withdrawals as early as the calendar year you turn 55. Imagine being able to use this to help retire early? Or to help boost income after a layoff? That is ...