Timothy Sumer

Thrift Savings Plan portfolio revealed. How I invest in the TSP will help in providing an inside look at my portfolio allocation and give a real example of what the inside of the TSP looks like. This should be very helpful for anyone eligible to participate in the TSP as this level of transparency is very rare. #ThriftSavingsPlan #TSPInvesting #MilitaryInvesting ⚫️ ⚫️ / : AFFILIATE PROGRAM LINK: 🔗 👇 👉 🔵 🔵 ‼ AFFILIATE PROGRAM LINK: 🔗 👇 👉 💬 FROM THE CREATOR: My sole mission in every message is to empower individual investors by explaining two key aspects of Self Directed Investing or investing on your own. The first is tax protection. Second, is wealth preservation through drastic reduction or elimination of fees present in most managed accounts. The saving over time is indisputable and I'm excited to continue to share my story as a...

Thrift Savings Plan explained. Should you chose the Roth TSP or Traditional TSP? Roth TSP is typically better for those who start investing early and often. Traditional TSP is better for those that are older or closer to retirement and have not invested at all. This is because there is one deciding factor that makes Roth or Traditional better than the other: income tax. Roth means you pay taxes now and don't owe any taxes later. Traditional means you defer paying taxes now and pay them when you withdraw from your TSP. You're going to take a tax hit now or later... so will your income tax bracket be lower now or later? If you think you're going to retire "better off" and generate more income in retirement then you do now, then do Roth TSP. If you only plan on collecting social security and maybe a small pension, therefore, you're retirement income will be less than it is now, do Traditional TSP. As a loose rule of thumb I would say if you are within...

Andrew submitted a question on www.firepsychat.com. “I am in the military. I have been investing in my TSP for the past 7 years but I never paid attention to how my money is doing. About 3-4 years ago, I re-allocated my money from the target retirement fund to spread across individual funds. I allocated 20% each to G, C, I, S, and F funds. Now I feel like my money has barely grown in the past few years. What am I doing wrong?" Submit your question on or comment on Facebook, Instagram, or YouTube posts! 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 📷 2022 New Year's Resolutions Video Series📷 Part 1: How to Build Your First Emergency Fund - Part 2: How to...

In this video, we'll take a look at the Thrift Savings Plan (TPS). We'll cover what the TPS is, what it does, and how you can maximize your opportunity with it. If you're looking for ways to save money, the Thrift Savings Plan is a great place to start. With contributions from both you and your employer, the TPS can help you build a wealth of retirement savings. This video will help you understand the TPS and how to best use it to help you reach your financial goals! Channel Link ➤ Subscribe for More Videos ➤ sub_confirmation=1 Welcome to Developing Dividends. We believe that having a strong foundation of financial literacy can ultimately lead to an individual obtaining wealth and financial independence. While hiring someone who understands the seasons of the economy may prove beneficial, having a solid financial education will truly empower you to Develop Dividends! In this channel, we will explore personal finance topics such as budgeting, insurance, mort...

Want to know which TSP funds to invest in or learn more about the Thrift Savings Plan (TSP)? Here are the 2 TSP funds I invest ALL my money in. As a former federal employee, I have a Thrift Savings Plan (TSP) retirement account . In this video, I plan to (1) reveal which two TSP funds I put ALL my money in, (2) share the percentage % breakdown of how much I put in each TSP fund and (3) explain WHY I invest this way in the TSP. When it comes to TSP retirement and finances, I want to highlight how critical it is to understand WHY and HOW to invest. Educate yourself! Don’t just follow because "so and so said it’s a good tip." That's the fastest way to LOOSE money. This is why I’m breaking down WHY I invest the way I do and back it up with FACTS. It will help you make the best TSP investment decisions for you. ***Note: My TSP breakdown factors in that I have 25-30 years before I retire. If you are closer to retirement (like 1-5 years out), you may choose a diffe...