Taxation of TSP withdrawals with Ed Zurndorfer (Ep. 72) Summary: Did you know that any withdrawal from any Thrift Savings Plan (TSP) account is taxable? Once you decide to withdraw money from your TSP, you should understand the consequences that come with that decision. In this episode, Dan Sipe and Ed Zurndorfer discuss everything you need to know about TSP withdrawals so you can make your money work for you. Dan and Ed discuss: • The two types of TSP accounts and the penalties for withdrawing from each • What is Financial hardship in service withdrawal and why it's important to avoid it • The two methods to withdraw from your TSP without the early withdrawal penalty • The two conditions that must be met when withdrawing from the ROTH TSP • And more Resources: FEDZONE Serving Those Who Serve Webinars FEDZONE Article Connect: Dan.sipe@stwserve.com LinkedIn: Serving Those Who Serve Twitter: Serving Those Who Serve Facebook: Serving Those Who Serve Yo
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)