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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 ...

In this episode of theSITREP, Paul covers tax deductions and options regarding 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 ...

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 ...

https://www.tsp.gov/publications/tspbk26.pdf 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 ...

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 ...

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 When TSP passes to a spouse and then to a kid, or any non spouse assets have to be withdrawn out ...

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.

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 ...

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 ...

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 ...

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 ...

TSP VS. IRA https://hawsfederaladvisors.com/tsp-vs-ira-the-ultimate-guide/#:~:text=One major difference between these,you invest in an IRA. Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ TSP Cheat Sheet https://hawsfederaladvisors.com/tsp-cheat-sheet-landing-page/ Submit a question here: https ...

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 ...

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 📖 ...

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 ...

WHAT SHOULD I DO WITH MY TSP WHEN I RETIRE? | Have you been contributing to a TSP? Will you be retiring from the federal government soon? In this video, I cover five options to help you decide what to do with your TSP when you retire. #thriftsavingsplan #tsp #tspwithdrawals #tspretirement #federalretirement #thriftsavingsplanretirement # ...

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer ...

This finance video explains how to calculate the amount you owe in federal income taxes. It also explains how to calculate the amount of fica taxes or social security and medicare taxes that you need to pay if you're self-employed. In addition, it discusses how to calculate the amount of state income taxes that are due. Finally, this video ...

What is tax form 1099-R and each of the boxes on the form. Box-by-box explanation of the information on form 1099-R. Timecodes: 00:00 - Intro 00:15 - When do you receive form 1099-R? 03:19 - When are you able to combine RMDs? 04:06 - Gross distribution in Box 1 of tax form 1099-R. 05:06 - Taxable amount in Box 2 of the tax form 1099-R. 09:07 ...

Step-by-step walkthrough on how to fill out the 2023 IRS Form 1040 for the 2024 tax season. *UPDATE FOR 2025 FOR 2024 TAXES* https://youtu.be/8leIoxqiB1Y Covering how to calculate taxable income and understand deductions and tax credits. This guide simplifies tax filing, helping you determine whether you're due a refund or owe taxes. A lesson ...

Online Taxes (or OLT.com) is a budget-priced tax software option. It does a good job without many frills. Check it out here: https://thecollegeinvestor.com/go/OLTTaxes/ytDSwEnhFZcLg Read our full review here: https://theci.co/olt-review-2024 Chapters: 0:00 - OLT.com 1:26 - Pricing 3:05 - Walkthrough of software 4:48 - Major drawback 5:17 - W-2 ...

What to do with Form 1099R: Dana Anspach, CFP, RMA from Sensible Money discusses tax tips related to IRS Form 1099R. If you find this video helpful, please hit the like button and subscribe. #1099r #1099 #tax tips

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 ...

Federal employees need to understand how the matching in their Thrift Savings Plan (TSP) works. If you are just looking for the cliff notes, all FERS employees should be contributing a minimum of 5%.

The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal income tax returns. Learn more: https://www.irs.gov/IPPIN. #IRS Follow us: Twitter – https://twitter.com/irsnews Facebook – https://www.facebook.com/IRS/ LinkedIn – https://www.linkedin.com ...

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 ...

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, 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/

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 ...

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 ...

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 ...

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 ...

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 ...

How much tax do you pay to get money out of a 401(k) or pre-tax retirement account? It depends on several factors. Most importantly, you want to be aware of: ️ Income taxes ️ Penalty taxes for early withdrawals ️ Tax withholding 🌞 Subscribe to this channel (it's free): https://www.youtube.com/channel/UCFFNzgGX4UyGQk12KL38I1Q?sub ...

We discuss when a federal employ may make TSP withdrawals while employed without penalty. We also address TSP withdrawals in retirement and options why to consider these options. NOTE: Retirement Benefits Institute is now Christy Capital Management: See our latest federal-focused articles and resources at https://christycapital.com/federal # ...

A quick guide on how to set up TSP contributions and allotments with myPay. ***Not financial advice***

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.

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 ...

This video explains all you need to know about the Thrift Savings Plan (the TSP). It's a TSP 101 for those who want to better understand the TSP. I’ll answer these 3 main questions: (1) What do I need to know about the TSP? (2) What are the benefits of the TSP? & (3) What are my TSP investment options? BONUS At the end, I’ll share an ...

With the new rules for TSP withdrawal options, individuals can now take advantage of more flexible and tax-free options when it comes to withdrawing from their Thrift Savings Plan (TSP). The new rules allow individuals to withdraw funds at any age, with no penalty or taxes. They also provide an option to withdraw a lump sum or spread out ...

Learn how to correctly fill out the 2022 IRS Form 1040 for the 2023 tax season. *UPDATE FOR 2025 FOR 2024 TAXES* https://youtu.be/8leIoxqiB1Y This guide includes an overview of the Form 1040 and step-by-step instructions for completion. For more help and information, including links to IRS 1040 Forms and Instructions: ️https://content ...

This video will teach you how to enter data regarding your TSP Withdrawal Options in the correct way on the Thrift Savings Plan (TSP) form in the CSRS FERS Benefits Calculator.

Peter asks if making a one time TSP withdrawal would put him in a higher tax bracket. Micah answers using the classic tax buckets illustration. You can read the full article here: https://plan-your-federal-retirement.com/withdrawing-from-your-tsp/ If you found this video informative, please consider subscribing to our channel. If you have any ...

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 ...

If you are unsure about how to invest in the TSP this video is for you. The TSP is a 401k for federal employees. I will walk you through a brief explanation of the thrift savings plan because it's important to understand first what you are investing in. Then, a breakdown of the lifecycle funds and the individual funds the TSP has. There are ...

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 ...

Watch the second of our TSP spring series Tax Update Webinar for 2025 where we covered: -Quick-fire news items (20 minutes) - a ‘heads-up’ on recent matters arising throughout tax -Two in-depth sessions on topical matters : IHT recap (including Instalment payments, purchase of own shares and use of life insurance) and moving to Ireland ...