Timothy Sumer

A question that I have received recently is what I would do with TSP if I was retiring this year. This is a great question and one that all FERS retirees will face. Here I offer my thoughts on the question. Keep in mind that this isn't advice, but merely my thoughts on what I would do. Everybody's situation is different and you need to figure out what works best for you. My website: www.bobbfinancial.com Schedule an introductory call with me: ... ( 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 What Would I Do With TSP in Retirement? As retirement approaches, many individuals start pondering on how to make the most of their hard-earned savings and investments. One such investment vehicle that Federal employees and members of the uniformed services have access to is the Thrift Savings Plan (TSP). TSP is...

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...

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....

How much should a federal employee or retiree have in their Roth TSP and IRAs? This is a great question that someone recently brought up and I thought I would address. Having all in Roth isn't possible for federal employees, but more tax free income means more flexibility in retirement.... ( 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 The Roth TSP mix is a retirement savings plan for United States federal government employees and military personnel. The plan is a combination of a traditional Thrift Savings Plan and a Roth IRA, offering savers the ability to invest their contributions in both pre-tax and after-tax accounts. Unlike a traditional TSP, which uses pre-tax dollars, the Roth TSP uses after-tax dollars. This means that employees pay taxes on their contributions upfront, but their withdrawals during retirement are tax-free. ...

There are ways that federal retirees can reduce their tax bill and Qualified Charitable Distributions is one of them. QCDs are a simple way to reduce taxes for people that do charitable giving, BUT TSP does not allow charitable distributions.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/simple-tax-savings-for-federal-retirees-with-qcds/?feed_id=51885&_unique_id=63a22810cae99 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalretirement #feeonlyadvisorforfederalemployees #feeonlyfinancialadvice #fersretirement #flatfeeadvisor #retirementadviceforfederalretirement #Taxesonretirementincome #thriftsavingsplandistributions #thriftsavingsplantaxes #tspdistributions #tsptaxes #SEPIRA #federalretirement #feeonlyadvisorforfederalemployees #feeonlyfinancialadvice #fersretirement #flatfeeadviso...