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...

What happens to my Thrift Savings Plan (TSP) after I separate from federal service? 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, ...

What FERS retirement plans – What is an FERS retirement? 1-800-566-1002 . What are the best FERS retirement strategies and learn how you can avoid the most common mistakes that individuals have made when looking to leverage their FERS retirement. FERS Retirement System Retirement advantages are currently funded by both Government as well as staff member contributions to the retirement fund, as well as the benefits are provided based upon the duration of service and also the ordinary pay over the highest 3 years of pay. Acknowledging the significance of your future, the Federal government provides a retirement program that helps offer financial security for you and your family members. You participate in the Federal Personnel Retirement System (FERS). This is one of one of the most important advantages you get as a Federal worker. FERS is a retirement system that is responsive to the altering times as well as Federal work force demands. Many of its attributes are "mo...

As a federal employee, the TSP is one of your biggest investments. But the markets have been tough lately and investing has been difficult. This video covers the number 1 mistake federal employees are making in their TSP this year. #TSP #fersretirement #federalemployees... ( 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 (Thrift Savings Plan) is a retirement savings plan for federal employees and members of the military. It offers many benefits, including low-cost investment options and potential tax advantages. However, like any investment plan, there are certain pitfalls that newcomers to the TSP may fall into. In this article, we will discuss some common rookie mistakes that individuals make when starting their TSP journey. One of the most prevalent rookie mistakes in the TSP is not contributing eno...

Should should you retire as a federal employee? Choosing when to retire as a federal employee can be hard decision. There are so many components to your FERS benefits. Plus, how to you combine those with everything else about retirement planning ? There are factors to note about Social Security, COLAs, TSP, FEHB, and several others. In this video, Thiago Glieger discusses some of the most important details to remember so that you don't make costly mistakes. FREE Newsletter: ============= Popular Videos: ============= The 5 Major Components of a Retirement Plan: Invest Like a Pro, TSP Tips Revealed: Using Roth? Learn About These Mistakes: Massive Changes to RMD Laws: How to Create Your Retirement Income System: ----------------------------------------------------------------------------------------------------------------------- ►Want to see more of our videos? Click here: ►Visit our federal employee retirement website: ►If you're interested in se...

We get questions about the Roth TSP, Roth IRAs, Roth conversions, etc. on a regular basis. There are some big pot holes federal employees should avoid. Thiago Glieger, financial advisor for federal employees, discusses some of these main reasons and how to avoid the big mistakes. ----------------------------------------------------------------------------------------------------------------------- ►Want to see more of our videos? Click here: ►Visit our federal employee retirement website: ►If you're interested in setting a time to meet with Thiago Glieger, click here: ►If you'd like help from a team of Certified Financial Planner (CFP) professionals that specialize in working with federal employees, learn more here: -- Subscribe to TFC channel and click the Bell icon to be notified when we release new content. The Fed Corner is a purpose built channel of information and financial planning strategies specifically designed for Federal Employees. We're f...

Here's a quick explanation of the differences between traditional TSP or IRA and Roth TSP or Roth IRA. Traditional is where you get paid and you put it in a traditional retirement account , either TSP or IRA, before you pay taxes on it. You’re postponing taxes until later and then hopefully your account grows a whole bunch, and when you take a distribution in retirement, it's taxed at your tax bracket. With Roth, you’re gonna go ahead and pay the tax now and put in after tax money and then hopefully it grows, and at retirement you’re taking money out totally tax free. Roth IRA’s have the 2 rules of having a Roth IRA for five years and being over the age of 59 1/2 when you take out the gains. So which one is better? Well of course that depends on your situation. Check out our channel for more in-depth videos on tax planning and your retirement accounts. The information provided is not intended as tax or legal advice. Figures shown are for illustrative purposes only...

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...

Want to know what can derail your retirement? Having a safe and secure FERS retirement involves more than just a TSP investment plan. In this video, Thiago teaches federal employees about a few major retirement mistakes and how to avoid these red flags. ►Visit our federal employee retirement website and share our FREE resources: [POPULAR VIDEOS] ✅ Invest your TSP Like a Pro: ✅ Achieve Success in Retirement: ✅ Massive Social Security Reduction: ✅ Biggest TSP Mistakes: ----------------------------------------------------------------------------------------------------------------------- ►Want to see more of our videos? Click here: ►If you're interested in setting a time to meet with Thiago Glieger, click here: ►If you'd like help from a team of Certified Financial Planner (CFP) professionals that specialize in working with federal employees, learn more here: -- Subscribe to TFC channel and click the Bell icon to be notified when we...

Being successful in the Federal Thrift Savings Plan (TSP) takes work. Federal employees and retirees should take caution to make sure they know how to best utilize the TSP. Federal retirement can last a long time, and you want to make sure you don't run out of money before you run out of time. Learn how to maximize your TSP in this video. ⬇️⬇️ POPULAR FEDERAL RETIREMENT VIDEOS ⬇️⬇️ 3 Retirement HURDLES Beyond Your Portfolio: When Should I Retire as a Federal Employee? How This TSP Millionaire Ran Out of Money: SECURE Act 2.0 - What Federal Employees Need to Know: ----------------------------------------------------------------------------------------------------------------------- ►FREE Newsletter: ►Visit our federal employee retirement website: ►If you're interested in setting a time to meet with Thiago Glieger, click here: ►If you'd like help from a team of Certified Financial Planner (CFP) professio...

↓↓ ONLY SUBSCRIBE IF YOU'RE IN THE TSP ↓↓ Too few federal employees are investing in the Thrift Savings Plan (TSP) and that needs to change. ► Subscribe to My Channel Here: -- Cooper Mitchell helps federal employees better understand their benefits and helps them retire on their terms. Using financial planning and investment management, Cooper is able to tackle the issues that are unique to federal employees. Cooper is also a public speaker who is available for various federal conferences and events. Find Cooper here: Website: Work with Cooper: Facebook: Email: cooper@fedretirementplanning.com -- As always, enjoy, and please subscribe! -- © Copyright Fed Retirement Planning 2018, All Rights Reserved... ( 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 Why Most Federal Employees Should Invest in the Roth TS...

When a federal employee dies, their spouse can keep funds in the Thrift Savings Plan in what is called a Beneficiary Participant Account (BPA). The BPA is not very flexible when it comes to Required Minimum Distributions (RMDs). The video explains the challenges with RMDs and BPAs. 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 BPA Distributions: A Guide to Maximizing Your Retirement The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the uniformed services. It offers participants the opportunity to save for retirement through payroll deductions. TSP allows individuals to invest in a variety of funds ranging from low to high risk. One of th...

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...

#rbi #tsploans #fersretirement Ttsp loanshe Thrift Savings Plan (TSP) is a critical part of a successful retirement goal for FERS retirees. Understanding how to access your TSP in retirement is key, but you also have ways to obtain your funds while working. One way to retrieve TSP funds while employed is through TSP loans. As the name implies, a TSP loan is simply borrowing money from your retirement account . Before taking a TSP loan, the full impact of withdrawing retirement funds early should be considered. 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 i...