Recommended TSP Allocations
“Thank you for the great videos, they are very informative. I do have a question for you. I am 59 years old and a retired postal worker, I would like to keep my money in the TSP, and would like to average 6% growth per year. What percentages do you recommend I put in each […]
FERS Deferred Retirement: How to find out if you have CSRS or FERS Benefits
“Hi, I am approaching retirement age am starting to gather data. I worked for the VAMC from 1982-1996. I think I have both FERS and CSRS pension benefits- but moved my Thrift Savings to Vanguard. How can I find out exactly what I am eligible for? And how can I file to start collecting? Thank […]
FERS and Social Security Widow(ers) Benefits
“Hello. Thank you for providing such informative information. I am a widow benefit; at age 60 if I retire and can later switch to my higher SS benefit, am I still eligible for the Special Supplement? Even gov’t planners at my office don’t seem to know this answer. HELP! Thanks again. With kind regards,” – […]
FERS Survivor Benefits: What’s your Advice for Widows/Widowers?
“Just wondering if you ever give advice to widows/widowers. I believe we are in a unique situation that I seldom find addressed anywhere.” – Valerie FERS Survivor Benefits: When You Lose a Spouse Who Was a Federal Employee In this article, we want to address FERS Survivor Benefits and what you as a Widow/Widower should […]
Can I continue my FEHB once I apply for Medicare?
“I am 66 and currently a full time federal employee. I have a two children under the age of 26. I would like to continue to provide them coverage under my BCBS federal health insurance until they become 26. If I retire and apply for Medicare Parts A and B, can I continue with my […]
Using TSP Funds vs Social Security
“Your TSP is an asset that can be given to future generations and your social security income is not. As the condition of social security worsens, why is it not a good idea to conserve your willable assets and start drawing social security income at age 62?” – Jeff Jeff, this is a great question […]
Do Roth Contributions affect my Traditional TSP?
“If I choose to contribute to the ROTH Component of the TSP, how much can I contribute? Will ROTH TSP Contributions effect my Traditional TSP contributions?” C. We have witnessed an overwhelming response from people inquiring about how they can effectively use their Thrift Savings Plan (TSP) to help them plan for their financial futures. […]
VERA: VISP Working as a “Contractor”
Question “I retired from Federal Service under a VERA / VISP in 2017 with over 32 years of Federal Service and my MRA is 56 and approaching very soon. I returned to the workforce in March of 2018 as a contractor and am still working. Do I need to stop working before my birthday or […]
FFFC Is my TSP taxed as ordinary income or capital gain?
Question “Is the money that I withdrawal from my TSP in retirement all taxed as ordinary income or are the contributions that I made taxed as ordinary income and the earnings that I made taxed as capital gains? – Marvin Qualified Retirement Account Your Thrift Savings Plan (TSP) is a qualified retirement plan. That means […]
“Should I Sign Up for Medicare Part B?”
“I plan to retire in the next few months from USPS and take my health insurance with me. I am debating signing up for Medicare Part B and have Medicare Part A now. When I do retire, my understanding is that I can just take my Blue Cross Blue Shield into retirement and pay those […]
“Where do I go to obtain the precise rules about ROTH IRA’s as they pertain to me? I am 55 and working as a Federal Employee and already contribute to the TSP ROTH and a ROTH IRA. I would like to know how the rules change at 59 1/2 with contributions.” – Kim
We have had a tremendous amount of questions from Federal Employees about participating in ROTHs, whether it be in the TSP or the private sector using a ROTH IRA. Tax planning is a critical component of your financial plan so we want to make sure that we are getting the fundamentals correct. Let’s start by […]
“Can you have a Roth TSP and a Roth IRA?”
The Thrift Savings Plan (TSP) was created under the Federal Employee’s Retirement System Act of 1986 for federal employees and members of the uniformed services. This is an Employer-sponsored retirement account that allows participants, Federal Employees, to participate in a low-cost investment and receive an employer match on some of their contributions. Federal Employees enrolled […]
