A combination of Roth TSP investments

How much should a federal employee or retiree have in their Roth TSP and IRAs? This is a great question that someone recently brought up and I thought I would address. Having all in Roth isn't possible for federal employees, but more tax free income means more flexibility in retirement....(read more)

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The Roth TSP mix is a retirement savings plan for United States federal government employees and military personnel. The plan is a combination of a traditional Thrift Savings Plan and a Roth IRA, offering savers the ability to invest their contributions in both pre-tax and after-tax accounts. Unlike a traditional TSP, which uses pre-tax dollars, the Roth TSP uses after-tax dollars. This means that employees pay taxes on their contributions upfront, but their withdrawals during retirement are tax-free. The Roth TSP also offers an advantage over a regular Roth IRA since it has a higher annual contribution limit than other Roth retirement accounts. The Roth TSP offers a mix of investment vehicles, including government securities, common stock index funds, and fixed income index funds. This allows savers to diversify and adjust their investments to match their risk tolerance and financial goals. The mix of investment options also offers the potential for higher returns and lower fees. It is important to note that the Roth TSP is not an all-or-nothing savings plan. Employees can choose to contribute to both the traditional and Roth TSP plans, or just one of the options. The flexibility of the Roth TSP allows for employees to adjust their contributions as their financial picture changes over time. One advantage of the Roth TSP mix is that it can help individuals lower their taxes in retirement. Since withdrawals from the Roth TSP are tax-free, individuals who have both Roth and traditional accounts can time their withdrawals in a way that helps manage their tax rate. These savings can add up over time and help individuals manage their retirement income more effectively. Another advantage of the Roth TSP mix is its portability. Employees who leave the federal government or military can roll over their Roth TSP to another retirement account, such as an IRA or a Roth IRA, without incurring taxes or penalties. In conclusion, the Roth TSP mix offers federal government employees and military personnel a unique and diversified way to save for retirement. The combination of a traditional and Roth IRA, along with a variety of investment options, provides a flexible and effective way to manage retirement savings. With its potential tax benefits, the Roth TSP mix can be an excellent option for those looking to smoothly transition into retirement. https://inflationprotection.org/a-combination-of-roth-tsp-investments/?feed_id=87648&_unique_id=643900798add3 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalretirement #feeonlyadvisorforfederalemployees #fersretirement #flatfeeadvisorforfederalemployees #mixofrothandtraditional401k #mixofrothtsp #thriftsavingsplaninvesting #tspinvesting2022 #TraditionalIRA #federalretirement #feeonlyadvisorforfederalemployees #fersretirement #flatfeeadvisorforfederalemployees #mixofrothandtraditional401k #mixofrothtsp #thriftsavingsplaninvesting #tspinvesting2022

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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