Ep #63: When Your TSP is Down 25%
Listen to the Full Episode: There are a couple of times a year when it’s really important to have clients come in and review things. As we move into the fall/winter season, this is one of those times for both Micah and today’s guest, Christian Sakamoto. Today Christian and Micah talk about some of the […]
Is FERS Supplement subject to SS Earnings Test?
“Planning on retiring at my MRA, is the FERS supplement subject to the social security earnings test? Thank you for your time!” – Craig. https://www.youtube.com/watch?v=87LW2zw_7Lg Underestimating retirement income can be detrimental to your wealth. Imagine if you retired, carefully planning for your go-go years and beyond, only to realize six or seven months in that […]
Changing the Distribution of your TSP
“I retired as a FERS employee at age 56 with over 32 years of service. Upon retirement, I chose to withdraw $2000 per month from my TSP account. Here’s my question: I don’t need $2000 per month to pay my expenses given that I have a retirement annuity and other income. Can I change the […]
Ep #56: Moving Investments Into Your TSP
Listen to the Full Episode: Many people want to move investments into or out of their TSP, and there are a lot of questions surrounding this lately. Listen in as Micah and Tammy bring up some of the most common questions and dive into what you need to know in order to make solid decisions […]
ROTH IRA Contribution or Conversion?
“I watched the very helpful video on ROTH IRA conversions. I will be retiring by the end of 2022 and I do not have any funds in the Roth TSP, but all funds have been in the traditional TSP. In hindsight, that was probably not a good idea. I am now wondering if there is […]
Find Out How Much I Will Receive?
“Is there a way, I can find out how much I will receive at retirement and when I can collect? I worked 24 years, but I don’t know my high three. I’m currently 53, and am not sure if I can stop collecting at 60, or 62. Or if I should wait until I fully […]
TSP Beneficiary is a Trust
“If my TSP beneficiary is currently my Trust, then upon my death, will that transfer be made by a one time full payment -20% for taxes?If so would it be better to have my spouse named beneficiary? It is going to the trust now, mainly for the reason that if we both pass, then some […]
What Happens If You Make a Mistake On Your TSP Withdrawal Form
“If I erroneously select an annuity from the TSP instead of a withdrawal from it, can I reverse that option? Thanks.” – Orlando. https://www.youtube.com/watch?v=8T69Yxmht-k Listen, we LOVE the Thrift Savings Plan (TSP) at Plan Your Federal Retirement. We think that the TSP is one of the best defined contribution plans we have seen. There are […]
TSP Roth IRA $10,000 Question about Like-Kind Direct Transfer
“I am a retired FERS federal employee (age 65). I just watched your episode about a “like kind direct transfer” of tsp funds to an IRA, and then the subsequent transfer from the newly opened IRA to a newly opened ROTH IRA. My question: Using your example amount, if I transferred $10,000 from the newly […]
Ep #43: TSP Withdraw Plans
Sometimes we get so caught up on end-of-the-year stuff that things can easily be missed or slip by us if we’re not careful. Tammy and Micah thought through what some of these things might be and came up with a list that will help you plan ahead when it comes to the TSP in particular. […]
Ep #35: Social Security, COLA, TSP
Today, Micah and Tammy are picking up where they left off in the last episode and discussing Social Security COLA and your TSP COLA. They’ll be sharing how those two things work together, as well as how you can plan for them to serve you best. Listen in to learn how COLA works with Social […]
Ep #34: COLA vs. Pay Increase
Many people are under the wrong impression when it comes to retirement, COLA, and pay increases. Once the numbers are run, things are rarely as rosy as they may have seemed during planning. So today, Micah and Tammy will be addressing this and a few other additional misconceptions people have when planning their retirement. Listen […]
Ep #33: Risks in Retirement
When preparing for retirement, it’s important to plan for flexibility. There are a number of post-retirement risks that can upend the most precisely laid-out retirement plans, and the longer the retirement period grows, the harder it is to be certain you have planned accordingly with your assets. So, in this episode, Micah and Tammy will […]
Ep #32: Retiring In December vs. January
More and more federal employees are thinking about retiring at the end of the year, and while we’ve already gone over the best times to retire, this episode is going to focus on this common aim for retirement and how to get ready for it right now. You’ll learn what you can do to prepare […]
Ep #31: Derailing Your Retirement
When it comes to retirement, there is an overwhelming amount of incomplete or incorrect information on the internet purported as fact. The truth is, you don’t know what you don’t know, so it can be easy to overlook these misconceptions and accept them as truth. In this episode, Micah and Tammy will be sharing some […]
Ep #30: Why Mid-Career Is the MOST Important Time
There is so much misinformation out there, and sometimes, it is important to simply get back to basics and ensure your information is correct. So in this episode, Micah and Tammy will be going over the fundamentals of retirement, focusing on how things may change from individual to individual and the different choices that may […]
Ep #29: The Questions You Should Have Asked
Will a form for retirement be sent to you, or do you have to request that form? Can you transfer money from a traditional TSP to a Roth TSP—and will there be penalties? These are just some of the things that Micah and Tammy will be covering in today’s episode as they reply to questions […]
Ep #28: Court Orders That Can Half Your Retirement
Divorce is generally not a fun topic, but when you are considering retirement, it is a necessary discussion to have. For many people, the terms and conditions of a divorce can come back to haunt them—even decades later—if they are not completely settled upon in the beginning. So in this episode, Micah and Tammy will […]
Ep #27: TSP and Social Security
Are you wondering what to do about your social security or how to go about taking money from your TSP? If so, this episode is for you! Today, Micah and Tammy chat about how to balance social security and TSP so you get the most benefit. You’ll also learn what things you need to be […]
Ep #26: What’s The Best Distribution Rate From Your TSP?
You’ve worked your whole life, now you’re ready to retire. But do you know how to maximize your benefits and set yourself up for retirement success? In this episode, we’re talking all about the Thrift Savings Plan and how to find that sweet spot to maintain a nice retirement lifestyle and your savings at the […]