Timothy Sumer

Check the beneficiaries listed on your Thrift Savings Plan (TSP) account TODAY! 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 ta

Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management, Inc. (CCM), a registered investment

Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management, Inc. (CCM), a registered investment

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

The New TSP Website | A Thorough Walkthrough and Explanation #TSP #thriftsavingsplan #tspwebsite Real Estate Investing Course: - Finding Off-Market Deals Course: - Recommended books and tools: - SUBSCRIBE: - Website: Instagram: Facebook: - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: to the channel for more awesome videos!... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment Dur

Thoughts to consider BEFORE taking a loan from your Thrift Savings Plan (TSP) account 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

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 Wealth Pla

#rbi #TSPwithdrawals FERSretirement Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management,

Federal employees have a lot of questions when it comes to the TSP annuity. This is different from the FERS annuity and it is important to understand how the TSP annuity works before making a decision to take the annuity.... ( 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 Thrift Savings Plan (TSP) Annuity: A Secure Retirement Option Planning for retirement is a significant consideration for every individual, as it sets the stage for financial security during our golden years. One of the retirement options to consider in the United States is the Thrift Savings Plan (TSP) annuity. This annuity offers federal employees and uniformed service members a reliable and secure way to accumulate savings and create a steady stream of income upon retirement. Originally introduced by the Federal Employees’ Retirement System (FERS),

#rbi #fersretirement #survivorbenefits Before a federal employee retires, they need to determine how much money they will leave a surviving spouse in the event of the employee's death. There are 3 options for survivor annuity. Before making an option, consider your and your spouse's overall income needs in your retirement planning . Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circums

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

#csrsretirement #csrspension #csrssickleave In this video we discuss CSRS retirement eligibility, how to calculate a federal employee's average High-3 for retirement pension, and CSRS sick leave conversion. Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company,

Leave us a comment below if you have any more questions you want answered! Want to learn more about how you can plan for your federal retirement? Then check out the links below: Find a top rated financial advisor near you: Retirement Consultation: Manager Training: psreducators.com/manager-training/ E-Learning: ... ( 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 How Do I Calculate My FERS Pension? One of the perks of being a federal employee in the United States is the Federal Employees Retirement System (FERS). This system provides a pension plan to eligible employees, ensuring a steady income during retirement. However, understanding how to calculate your FERS pension can be confusing for many employees. In this article, we will discuss the steps to calculate your FERS pension. Before diving into the calcul

Kevin answers a question regarding the Thrift Savings Plan (TSP). The question asks if someone who is about to retire, but hasn't yet, can do anything extra with their TSP. The answer is that if the person is 59 and a half or older, they can take some or all of their money and move it to an IRA without incurring any fees or taxes. They can still contribute to their TSP and get the 5 % match if they are a first employee. However, there may be fees when they use the money later on. He suggests attending their workshop for more details on what can be done and why one might want to do it. Overall, the transcript provides useful information for those looking to manage their TSP before retiring. It highlights the flexibility offered by the plan and the opportunity to move money to an IRA without penalties. However, it also notes that the decision to do so depends on individual circumstances, and attending a workshop can provide more specific guidance. Join us at a Fed Pilot w

Want to speak with an advisor about your TSP or retirement? Visit and click "Talk with an Advisor." Ok...so a question we get a lot is, Can I do Roth inside of the TSP and do Roth outside in an IRA in the same year? Well, the answer to that is it depends. The Roth IRA and Roth TSP are under different rules. IRAs are subject to the IRS publication 590 and have a contribution phaseout. Whereas Roth TSP is subject to ERISA rules and it doesn't have income limits. So I’ll start with Roth TSP. Let's imagine that for 2023 that you’re going to be able to contribute $20,500 per year to the TSP if you are under the age of 50. If you’re over the age of 50, you’ll be able to contribute $28,000 to the TSP. Now all of that money can go to the Roth side if you want it to. There’s no income limit so the highest-paid federal employee can still do this. Keep in mind the match is gonna go to traditional, regardless of whether you select Roth or traditiona