Timothy Sumer

FERS retirees will have the task of tax withholding in retirement which is different than working years. There are three different income sources that could potentially have tax withheld - FERS annuity, Social Security and the TSP or other investments. If you need help with your retirement planning and would like to schedule an introductory call you can do so here. My website ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retirement Tax Withholding: What You Need to Know As you approach retirement, it's important to understand the ins and outs of retirement tax withholding. This process involves setting aside a portion of your pension or retirement income to meet your tax obligations. Understanding how retirement tax withholding works can help you better plan for your financial future and avoid any une...

Once again, the Thrift Savings Plan proves it's not the cheapest game in town. The TSP increased fees in 2023 when most custodians have been decreasing fees. What did fees go up to? If you need help with your retirement planning and would like to schedule an introductory call you can do so here. My website ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing TSP Expenses Set to Increase in 2023 For federal employees and members of the uniformed services, the Thrift Savings Plan (TSP) has long been a popular retirement savings vehicle. With its low fees and tax advantages, the TSP has often been regarded as one of the best options for federal workers to build a secure future. However, employees should be aware that starting in 2023, TSP expenses are set to increase. The TSP, administered by the Federal Retireme...

You ever wonder how much you will have to take from TSP when you hit age 72? Here is a quick video that puts dollar amounts and percentages to Required Minimum Distributions so you can get an accurate picture of your RMDs from IRAs and retirement plans. If you need help with your retirement planning and would like to schedule an introductory call you can do so here. My website ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing RMDs from Thrift Savings Plan: Everything You Need to Know As retirement approaches, individuals are often faced with a multitude of financial decisions. One critical aspect to consider is how to effectively manage funds saved in their retirement accounts. The Thrift Savings Plan (TSP) is a government-sponsored retirement savings and investment plan available for federal employees and members...

What is the best Thrift Savings Plan (TSP) Fund? FinEd for Feds is dedicated to providing financial planning education that is relevant for U.S. Federal Government Employees. Federal Employee benefits are complicated yet extremely valuable. Our goal is to make your benefits easier to understand and explain how they integrate with other aspects of your financial life. Ultimately, we want you to be educated during your working years and to feel confident and empowered to retire comfortably from federal service. Discovery Wealth Planning LLC is a Registered Investment Advisor. We are fee-only, which means we do not sell products for a commission. We are also a fiduciary and we put client interests first 100% of the time. We offer one-time and ongoing financial planning engagements with a CERTIFIED FINANCIAL PLANNER™ for U.S. Feds. To learn more, please visit This channel is purely educational and should not be considered as financial, legal or tax advice. Discovery Weal...

The rule of 55 is something that applies to workplace retirement plans including the TSP. It gives FERS retirees access to their TSP prior to age 59.5 that applies to IRAs. It's important that federal employees understand what it is and who it applies to. If you need help with your retirement planning and would like to schedule an introductory call you can do so here. My website ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Rule of 55 for the Thrift Savings Plan (TSP) is a valuable retirement strategy that allows federal employees to withdraw funds from their TSP accounts penalty-free as early as age 55. This rule offers flexibility for those looking to retire early and serves as a great tool for planning their financial future. The TSP is a retirement savings plan specifically designed for federal emp...

No withdrawal strategy is discussed more that the Thrift Savings Plan barbell strategy. The barbell strategy is a method for federal retirees to take withdrawals from TSP, but how does it work? Here I discuss how it would work incorporating an IRA as well as if you left funds in TSP (hint: not simple!). My kids taking pics on my phone comes in handy sometimes 🤣... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The TSP Barbell Strategy is an investment strategy that encourages investors to allocate their investments between two extremes, namely low-risk investments and high-risk investments. The name of the strategy is derived from the shape of a barbell, where the weight is distributed on two opposite ends. The TSP Barbell Strategy is primarily meant for investors who have a low-risk tolerance, and at the ...

The Thrift Savings Plan declining can be a scary thing for federal employees, but what happens after the decline? Advisors like to tell people to stay put, and don't touch your TSP! But why? Here is a little context on why and what has happened in the past after a decline of 25% or more.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Thrift Savings Plan (TSP) is a defined contribution retirement plan for federal employees. It is similar to 401(k) plans offered by private sector companies. The TSP has been a popular retirement savings vehicle for federal employees since its creation in 1986. However, recent declines in TSP returns have caused concern among its participants. In 2018, the TSP saw its first decline in five years, with the C Fund (which tracks the performance of the S&P 500) declining by 6...

The I fund tends to get a bad rap amongst federal retirees and employees, but is there a good reason for it? Some people say to never invest in the I fund. This video sheds a little light on investing in the C fund vs the I fund and what the current situation looks like and what going forward could look like. TSP investors should do some due diligence before investing.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Thrift Savings Plan (TSP) is a retirement savings plan for federal government employees and members of the military. It offers several funds in which investors can allocate their contributions, including the TSP I Fund. The TSP I Fund, also known as the International Stock Index Investment Fund, invests in the stocks of companies located in developed and emerging markets outside of the United States....

What happens to the Thrift Savings Plan when a federal employee or retiree dies? What about an IRA? Spouses have a few different options in these scenarios and each one has different benefits and cons to be aware of.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/inheriting-tsp-and-an-ira/?feed_id=44689&_unique_id=638696e91d4d9 #Inflation #Retirement #GoldIRA #Wealth #Investing #advisorforfederalemployees #beneficiaryparticipantaccount #federalemployees #federalretirement #feeonlyadvice #fersretirement #flatfeeadvisor #inheritedaccounts #inheritedira #inheritedtsp #tspinvesting #ThriftSavingsPlan #advisorforfederalemployees #beneficiaryparticipantaccount #federalemployees #federalretirement #feeonlyadvice #fersretirement #flatfeeadvisor #inheritedaccounts #inheritedira #i...