Timothy Sumer

... ( 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 Put Some $ in Your TSP: Saving for a Secure Retirement Saving for retirement is an essential aspect of financial planning. One of the best ways to do so is by maximizing the potential of your Thrift Savings Plan (TSP). The TSP is a retirement savings and investment plan designed primarily for federal employees, including members of the uniformed services. It offers several benefits and options that can help you secure a comfortable retirement. So, why is it important to put some money into your TSP? Here are a few compelling reasons: 1. Tax advantages: The TSP provides tax advantages that can significantly enhance your retirement savings. Contributions made to your TSP account are tax-deferred, meaning you won't pay taxes on that money until you withdraw it in r

Maximize your retirement with the right IRA! Traditional or Roth, which one suits you best? 🤔 Let's dive in and find out! #RetirementPlanning #InvestSmart #IRADecisions... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to planning for retirement, Individual Retirement Accounts (IRAs) have become a popular choice for many individuals. There are two types of IRAs: traditional and Roth. Each option has its own advantages and disadvantages, making it essential to understand their key differences to determine which one is right for you. One of the main differences between traditional and Roth IRAs lies in the time at which you are taxed. In a traditional IRA, contributions are made with pre-tax dollars, meaning you can deduct them from your taxable income for the year. However, when you withdraw funds during retirement, the

Life as an Armed Forces Member. This video is an overview of retirement accounts, how they can be used and how to invest in your Thrift Savings Plan or civilian 401K.... ( 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 Military life comes with a lot of challenges, but one of the biggest challenges is financial planning for the future. Since military families often have to move frequently and deal with deployments, it can be difficult to create a stable financial situation. One way to start building a solid financial foundation is by enrolling in a Thrift Savings Plan (TSP) or 401K. The Thrift Savings Plan is a retirement savings plan for federal employees, including those in the military. It allows participants to invest a portion of their income into various funds, including fixed-income securities, stocks, and bonds.

References: The Uniformed Services Blended Retirement System ( DOD Implementation of the Blended Retirement System ( BRS Implementation Timeline ( Are You Opt-In Ready? ( BRS Infographic – Active Component ( BRS Infographic – Reserve Component ( Value of a Retirement Point Chart for 2017 (Legacy System) ( Value of a Retirement Point Chart for 2017 (Blended Retirement System) ( TSP Under the Blended Retirement System ( Marine Online (USMC) ( Global Pay Self Service (Coast Guard) ( MyPay ( Thrift Savings Plan Website ( Related YouTube Episodes: What is the Blended Retirement System? ( What Will the Blended Retirement System Do to My Pension? ( Myths About the Blended Retirement System ( Career Continuation Pay Under the Blended retirement plan ( An Introduction to the Thrift Savings Plan ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 1 ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 2 ( Related Podcast Episodes: What is the Blended Retirement S

... ( 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 savings program designed specifically for federal employees and military members. It is similar to a 401(k) plan, but with certain unique features that are tailored to the needs of these specific groups. In this article, we will take a look at how the Thrift Savings Plan works and what makes it an attractive option for retirement savings. Eligibility and Enrollment To be eligible for the TSP, individuals must be current or former employees of the federal government or members of the armed forces, including the National Guard and Reserves. The enrollment process is relatively simple and can be completed online. New employees are automatically enrolled in the TSP at a contribution rate of 3% of their basic pay, but they have the optio

References: Global Pay Self Service (Coast Guard) ( MyPay ( Marine Online (MOL) ( Thrift Savings Plan Website ( TSP Fund Comparison Matrix ( Summary of the Thrift Savings Plan ( Related YouTube Episodes: Episode 0008 – An Introduction to the Thrift Savings Plan ( Episode 0010 – Let’s Talk About the Funds in the Thrift Savings Plan – Part 1 ( Related Podcast Episodes: Podcast Episode 0006 – An Introduction to the Thrift Savings Plan ( Podcast Episode 0009 – Let’s Talk About the Funds in the Thrift Savings Plan – Part 1 ( Related Articles: An Introduction to the Thrift Savings Plan (TSP) ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 1 ( Legal Disclaimer: R.C. Retirement is not recognized or endorsed by the Department of Defense, the Department of Veterans Affairs, or any government agency and is for informational and entertainment purposes only. The content on this site should not be considered professional financial advice. References to third party produ