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When You Take Money Out Of The TSP, Does It Increase Your Taxes?


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: If you found this video informative, please consider subscribing to our channel. If you have any questions about TSP, leave us a comment below and we'll try to answer it in a future video. -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then book a consultation here: Thanks! Also, follow me at these places below and say hi! LinkedIn: Facebook: Until next time, happy planning! Micah Shilanski, CFP® #PlanYourFederalRetirement #TSP Advisory services offered through Shilanski & Associates, Inc., an Investment Adviser doing business as “Plan Your Federal Retirement”. Plan Your Federal Retirement is not employed by the United States Federal Government and does not represent the United States Federal Government. All content on this site is for information purposes only. This website is not personalized investment advice. Securities investing involves risks, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful. Please review our Customer Relationship Summary (Form ADV Part 3) for important information about our services and fees. Opinions expressed herein are solely those of Shilanski & Associates, Incorporated, unless otherwise specifically cited. Material presented is believed to be from reliable sources, and no representations are made by our firm as to other parties, informational accuracy, or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant, or legal counsel prior to implementation. Content provided herein is for informational purposes only and should not be used or construed as investment advice or recommendation regarding the purchase or sale of any security. There is no guarantee that any forward-looking statements or opinions provided will prove to be correct. Securities investing involves risk, including the potential loss of principal. There is no assurance that any investment plan or strategy will be successful....(read more)


LEARN MORE ABOUT: Thrift Savings Plans
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