Roth Conversions and Taxes

Roth Conversions and Taxes

“I’m just about 65 and make about 125K a year working for the federal government. I plan to retire in five years when I’m 70. I want to convert a large part, maybe all, of my TSP, which is over $500,000, to a Roth IRA and I want to do that over the next five […]

Conflicting Information About My Lump Sum Annual Leave

Lump Sum Annual Leave

”I have gotten conflicting information about my lump sum annual leave. I plan on retiring on 12/31/21. I know that I will get my lump sum A/L payment a few weeks into 2022. Will the IRS count this as income for the tax year 2021 or 2022? Also, will taxes on the lump sum A/L […]

live127123 [Converted] 1-01

Join us for an Exclusive Live Streaming Podcast,

Transform Your Retirement:
Smart Moves with the Thrift Savings Plan.

04.09.2024 I 3:30 PM ET

Ready to turn your retirement dreams into reality? Join us for an engaging YouTube Live podcast where we'll dive deep into the Thrift Savings Plan and help federal employees make informed decisions about their future!