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In this episode of theSITREP, Paul covers basic questions on what the Thrift Savings Plan is, when TSP started, and why military members and government employees may want to take advantage of TSP. 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 ...

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

In this episode of theSITREP, Paul covers the difference between Roth and Traditional Thrift Savings Plans. 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/5fc895cc.mp3 ...

In this episode of theSITREP, Paul covers Required Minimum Distribution (RMD) and the 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/5fc895cc.mp3 FIVE ...

In this video, we'll talk about what to do with your thrift savings plan and how your TSP works. I'll lay out a few questions that will help you with your federal retirement plan. The video discusses what happens when kids inherit your TSP and IRA. When TSP passes to a spouse and then to a kid, or any non spouse assets have to be withdrawn out ...

John Mason, CFP®, discusses the differences between traditional (pre-tax) retirement savings and Roth retirement savings. Understanding these differences in key areas can help Federal Employees make the best decision about where to save for their retirement. ℹ️ About the Episode: • There are key differences between the Roth and ...

In this episode of theSITREP, Paul covers Thrift Savings Plan beneficiaries. 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/5fc895cc.mp3 FIVE WAYS TO CONNECT WITH ...

In this episode of theSITREP, Paul covers your options with Thrift Savings Plan upon leaving federal service. 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/5fc895cc.mp3 ...

The Thrift Savings Plan (TSP) is a powerful benefit available for military service members and Federal government employees. In this video, I explain the different funds available in 👉 Federal Government Job Class here 👉 https://federalgovmasterclass.thinkific.com the Thrift Savings Plan and discuss a strategy that could increase profits ...

In this episode of theSITREP, Paul covers loan and withdrawal options regarding your Thrift Savings Plan account. 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/5fc895cc ...

Learn about the federal government's Thrift Savings Plan, or TSP, a retirement plan for its employees. As with a 401(k), contributions and earnings are tax-deferred.

In this episode of theSITREP, Paul covers rolling over your military Thrift Savings Plan into a civilian TSP or other program. 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 ...

Ben Raikes, CFP®, EA, of Mason & Associates discusses the various methods in which funds can be distributed from the Thrift Savings Plan and the tax consequences of each distribution type. ℹ️ About the Episode: • There are three primary distribution methods from TSP: • Traditional TSP distributions are fully taxable at ordinary income ...

In this episode of theSITREP, Paul covers how to change the dollar amount or percentage of contributions you make with 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 ...

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 ...

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 ...

How To Change Your TSP Allocations | Thrift Savings Plan - This is a down and dirty video showcasing exactly what you need to know about how to change your TSP allocations, and contribution allocations! #thriftsavingsplan #tsp #tspfunds - Real Estate Investing Course: https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real ...

In this episode of theSITREP, Paul covers how to change which fund or funds your contributions go into with 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 ...

Did you recently quit your federal government job, separate, or retire from the military? Here are the steps to roll your Thrift Savings Plan (TSP) over to a Roth IRA. Private Group Coaching with Psy ️ https://www.youtube.com/channel/UCxVMI3H_O2PW5O4qpORkZ_Q/join 🤳 Psy on TikTok, Facebook, Instagram 🤳 https://linktr.ee/firepsychat 📖 ...

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 ...

Beneficiaries on a Thrift Savings Plan seem simple. They are, but many federal employees ignore keeping them updated. In this episode, we share some tips to help you with your TSP beneficiaries. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by ...

Thrift Savings Plan (TSP) withholding matters in federal retirement. Before taking a distribution you might want to review this chart to make sure you know what amount of taxes will be withheld.

For a 2022 update on nontaxable distributions: https://youtu.be/IElAs_Hcw7I For other tutorials on preparing Form 1040, see our playlist: https://www.youtube.com/playlist?list=PLTdpzKOWNutSDQij_KBEgdm6Hh0GE4uqY If an individual makes contributions to a traditional IRA during the year, those contributions are generally tax-deductible. However ...

A 401(k) plan is a tax-advantaged retirement account offered by many employers. There are two basic types—traditional and Roth. Here’s how they work.

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 ...

In this episode of theSITREP, Paul covers rollover options with 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/5fc895cc.mp3 FIVE WAYS TO CONNECT WITH ...

Want to schedule a consultation? Click here: https://bit.ly/work_with_us_haws The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.com/fers-pre-retirement-course-the-ultimate-guide/ Help Support Our Channel and Future Content By Donating Here: https://www.paypal.com/donate/?hosted_button_id=YDL6XPP8CQ5WU Submit a ...

Are you aware of a potential flaw in how TSP handles beneficiary distributions? With the TSP, you're allowed to leave your TSP account to your first beneficiary. In our example, we'll say that's your spouse. The TSP will establish a beneficiary participant account in your spouse's name. The money in the account will be invested just like it was ...

What are TSP withdrawals - What is a TSP withdrawal? 1-800-566-1002 https://www.ifasifinancial.com, What are the best types of TSP withdrawals and learn how you can avoid the most common mistakes that individuals have made when looking to trigger their Thrift Savings Plan withdrawals. https://www.youtube.com/watch?v=znrIycxNvE8 Federal ...

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 ...

In this video, Jose Armenta, CFP®, reviews the process of converting a traditional TSP to a Roth IRA. If you want more details on the subject, read the following articles: https://yourfederalemployeebenefits.com/2021/12/01/roth-conversions-what-they-are-the-3-things-federal-employees-need-to-know/ Are you looking to work with a financial ...

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 ...

The Thrift Savings Plan has updated its website. Have you used it yet? Is it more user-friendly or more confusing? And specifically, do you know how actually take withdrawals from the TSP? What are the rules? Potentially is there a better way to do it? Those are the questions we’re gonna answer. As always, we're here to help you take the ...

Get my Military Benefits Guide! 📚 VA Benefits and Military Transition Guide: https://www.vabenefitsrecon.com/resources/p/military-transition-guide The TSP can be complicated at first, but after watching this video I hope you'll have the confidence to manage your TSP investment allocations and contributions. I spent a little over five years ...

How to Calculate Your Future TSP Balance in Retirement TSP Calculator Link https://www.tsp.gov/calculators/how-much-will-my-savings-grow/#top

The majority of people have their retirement savings/investments in three different types of accounts. Traditional (pre-tax), Roth (after-tax), or taxable (non-retirement account/brokerage account). And when/how you distribute money from each of these accounts will ultimately determine how much you pay in taxes over the course of your ...

In this video, you’ll learn about the different Thrift Savings Plan withdrawal options and the tax implications of those options. ⏰ Timecodes 0:00 – Intro 0:42 – Distribution Sources 1:37 – Installment Payments 3:16 – Single Distribution 3:55 – Life Annuity 5:00 – TSP Tax Reporting 6:03 – TSP Withdrawal Taxes 9:01 – TSP ...

Hello 👋 I'm Lee. Odds are, when you started federal service, your orientation didn't go over how to take full advantage of the TSP benefits. Let me help! If you enjoyed this video and would like to buy me a coffee↓↓↓↓↓↓: https://buymeacoffee.com/freckleface If you would like a walkthrough tutorial of the website, check out this ...

Nontaxable income like social security, VA disability, a housing allowance, or child support has advantages in the mortgage process. To learn more about how nontaxable income can be a resource for your mortgage approval, check out the full blog post covering this topic: https://www.ovmfinancial.com/non-taxable-income/

Are you trying to figure out how your TSP will be taxed when you retire? In this video, Micah explains the different types of taxes to help you plan for your federal retirement! You can read the full article here: https://plan-your-federal-retirement.com/fffc-is-my-tsp-taxed-as-ordinary-income-or-capital-gain/ Let us know in the comments below ...

This video covers the basics about TSP Contribution Allocations. Contribution Allocations are the setting you use to specify to TSP where you want new money coming into your account (payroll deductions, loan repayments, transfers from other qualified accounts, etc.) to go once it posts to your TSP account. This presentation explains how to ...

TSP.gov TSP Loans operate a bit differently than a 401k loan but not much. However, there are a couple things you need to know as you consider whether or not to take a loan form your TSP. We cover those issues here. The links to the website for TSP.gov can be found here:https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/loans ...

What happens to the Thrift Savings Plan when a federal employee or retiree dies? What about an IRA? Spouses have a few different options in these scenarios and each one has different benefits and cons to be aware of.

Are you leaving federal employment, retiring from the government, getting out of the military, or separating from federal service? A big question you have to ask is what to do with your TSP? Whether you're retiring with a TSP or getting a new job you have the following 3 options... 1) WITHDRAW THE MONEY FROM YOUR TSP: If you choose to cash out ...

As you are probably aware, there are 2 ways to get money from your tsp while employed. One is an age based in-service withdrawal, where you have the ability to make a withdrawal once you have attained age 59 1/2 and the other is a financial hardship withdrawal. The focus of this video will be on the ins-and-outs of financial hardship ...

We get questions about the Roth TSP, Roth IRAs, Roth conversions, etc. on a regular basis. There are some big pot holes federal employees should avoid. Thiago Glieger, financial advisor for federal employees, discusses some of these main reasons and how to avoid the big mistakes ...

Should you roll over your TSP? Thrift savings Plan Rollover. Patreon: https://www.patreon.com/FightingWordsFinancial Join WEBULL, deposit $100, and receive FREE STOCKS worth up to $3700 using this link: https://act.webull.com/iv/tkXPYD77nquI/65k/inviteUs/recommend_1343_A_push If you have a TSP and a professional financial advisor at all this is ...

There can be confusions surrounding the terms, "nontaxable" and "exempt." This video clearly explains the difference between the two. Visit the TTR online tax matrix at http://www.ttrus.com. TTR is Easy, Complete, Fast, Accurate, Researched, Current, Quick, Smart, and Supported. Watch this video in HD for best results. TTR - We Make It Simple ...

In this video, the Benefits SuperShe-RO will show you how to complete your Thrift Savings Plan form, TSP-1. TSP information: https://www.tsp.gov/ TSP-1 Form: https://www.tsp.gov/publications/tsp-1.pdf?TSP-1 Traditional vs. Roth: https://tspstrategies.com/roth-tsp/roth-tsp/

Social Security benefits are federally taxed at three different tiers. The amounts depend on your income, marriage status and whether you file jointly or separately. Paying less in taxes can come down to how much money you pull out of your retirement accounts in a given year. Watch this video for tips on how to pay less in taxes on your Social ...