Timothy Sumer

The term "fiduciary" is used a lot these days. Do you understand how the different types of fiduciaries effect your TSP? In this video we touch on basic concepts you should know about who is responsible to you for your Thrift Savings Plan. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. In this episode we will go over: - The levels of fiduciaries on your Thrift Savings Plan - Why is the term fiduciary important? - Are the people managing your TSP fiduciaries? 0:00 Intro 0:49 Who is the fiduciary for the TSP? 1:18 Fiduciary for you and your family 1:34 Factors in choosing a fiduciary 2:31 The value of a CERTIFIED FINANCIAL PLANNER™ Professional 3:30 Knowing the Thrift Savings Plan 4:08 Regulations on TSP accounts 4:53 Do you consider the people managing your TSP a fiduciary? CERTIFIED FINANCIAL PLANNER™ Resourc

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

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