Timothy Sumer

Find out why it's so important to plan now for your retirement — no matter how far off it may seem — and how vesting in the Thrift Savings Plan can help. Helpful links: Thrift Savings Plan: ThriftLine: TSP on YouTube: TSP on Facebook: ... ( 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 Military Touchpoint Series: Investing in TSP The Thrift Savings Plan (TSP) is a retirement savings plan for members of the military, which operates similarly to a 401(k) plan. It is an essential component of the overall benefits package provided to servicemembers, offering them a unique opportunity to build a secure financial future after their years of service. The TSP allows military personnel to contribute a portion of their pre-tax income towards retirement savings, with the option to choose between traditional and Ro

If you've joined the military, you've probably heard about the Thrift Savings Plan (TSP) but do you know what it is and how it can help you prepare for retirement? ⋯ Find & follow me Newsletter ː Instagram ː Twitter ː LinkedIn ː ⋯ Listen to my podcast Military Money Show ː Check out my blog The Military Money Expert® ː ⋯ My videos are intended for education and entertainment. I do not give investment advice. ⋯ Lacey Langford, AFC®, is a financial coach, writer, and speaker who changes people’s mindset from being fearful of money to having control and confidence with it. Money + military is her jam. She’s the founder of LaceyLangford.com, a personal finance blog and coaching practice specializing in the unique world of the U.S. military. She’s been featured in Good Morning America, Market Watch, and U.S. News and World Report. Lacey’s the creator and host of The Military Money Show, a podcast dedicated to helping the military community make, sa

Maximize your retirement with the right IRA! Traditional or Roth, which one suits you best? 🤔 Let's dive in and find out! #RetirementPlanning #InvestSmart #IRADecisions... ( 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 When it comes to planning for retirement, Individual Retirement Accounts (IRAs) have become a popular choice for many individuals. There are two types of IRAs: traditional and Roth. Each option has its own advantages and disadvantages, making it essential to understand their key differences to determine which one is right for you. One of the main differences between traditional and Roth IRAs lies in the time at which you are taxed. In a traditional IRA, contributions are made with pre-tax dollars, meaning you can deduct them from your taxable income for the year. However, when you withdraw funds during retirement, the

Please Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 Check out my complete playlist on TSP investing: 👇 👇 Watch My Other Videos Here 👇 👇 ★ Know Your TSP - The Thrift Savings Plan Investment Funds G/F/C/S/I ★ TSP Lifecycle Funds are TERRIBLE - Here is Why ★ How to Swing Trade in the Government TSP 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 ► My Wide-Angle Lens 👉 ► My Wireless Microphone 👉 ► My Shotgun Microphone 👉 ► My Lighting 👉 ► My Light Diffusers 👉 ► My GorillaPod 👉 ► My Tripod 👉 ================ The over-simplified explanation I have always received for why you should choose to invest in either traditional or ROTH accounts has always been if you have a high marginal tax rate now and will have a low marginal tax rate in the future: go traditional. If you have a low marginal tax rate now and will have a high marginal tax rate in the future: go ROTH. I never liked this explanation and did the math in this video to control for

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

Veterans are struggling to understand their retirement pay and benefits. Military Retirees have a lot of questions when it comes to their retirement pension. Veterans often don't know how to calculate their military retirement pay or what Survivor Benefit Plan (SBP) options are available to them. The pension system is confusing, and it's hard to know what decisions to make for your future. The military makes it very confusing on purpose, so in this video we'll talk about all that and more. We'll help you understand your Veterans Retirement Pay and Death Benefits, so that you can make the best choices for your future. With this information, you'll be able to calculate your military retirement pay and decide which SBP option is best for you. This video will clear things up for you. Learn about the pension system, and how to make the best decisions for your future. ✅ Ready to take control of your military retirement? Tired of feeling frustrated with

Your service wants to help you reach your retirement goals. Tune in to find out how take advantage of all the matching contributions you qualify to receive. Helpful links: TSP: BRS: IRS: ... ( 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 Military Touchpoint Series is a program created to help military service members and their families navigate financial decisions throughout their military careers. One of the key components of the program is Matching Contributions. Matching Contributions is a program where the military will match a portion of the contributions made by the service member to their Thrift Savings Plan (TSP). The TSP is a retirement savings plan similar to a 401(k) offered by many civilian employers. By participating in Matching Contributions, service members can effectively double their retirement

If you don't debt at the right time, you're going to get an extra penalty. At what age can I withdraw from TSP without penalty? It seems to be a unique question to answer. Thrift Saving Plan or TSP is a program for retired officers working in the US. You can save your money or retire in TSP. Click here to learn more = Because TSP is a retirement program, it doesn't give a penalty for withdrawing your money. However, it applies the requirement in which you withdraw the money during a period of retirement. If you stop working for the federal government, you can start to withdraw your retirement fund and money when you reach 55 years old. Meanwhile, if you are still working for the federal government, you must wait to withdraw money until you reach 59.5 years old. Visit article post here = #thriftsavingplan #tsp #retirementinvestment... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN

Please Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 Check out my complete playlist on TSP investing: 👇 👇 Watch My Other Videos Here 👇 👇 ★ Know Your TSP - The Thrift Savings Plan Investment Funds G/F/C/S/I ★ GET OUT of the G Fund - Maximizing Your TSP ★ ROTH TSP vs Traditional TSP - Which is Better? 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 ► My Wide-Angle Lens 👉 ► My Shotgun Microphone 👉 ► My Lighting 👉 ► My Light Diffusers 👉 ► My Tripod 👉 ================ 📚 📚 Books That Changed My Life 📚 📚 📗 How to Win Friends & Influence People 👉 📕 Dumbing Us Down 👉 📘 Quiet - The Power of Introverts 👉 📒 A People’s History of the United States 👉 ================ At present, the are five Lifecycle Funds offered through the government Thrift Savings Plan: L 2050, L 2040, L 2030, L 2020 and L Income. Five more L Funds will be created soon. When a new lifecycle fund is created, it starts out with about 80% in stocks and 20% in

Are you a retired military member looking for a steady income stream to cover your living expenses? While the Survivor Benefit Plan (SBP) is a common option, it does come with limitations, and may not be the best fit for everyone. That's where US VetWealth's private pension approach comes in. With a steady income stream for life, adjustable for inflation, and more flexibility in retirement planning, the US VetWealth approach can provide you with a higher level of retirement income. To qualify, you need to meet certain financial and health criteria, and working with a professional can help you maximize your resources and make the best decisions for your retirement. Whether you are just starting to think about retirement or are already in retirement, the US VetWealth private pension approach is worth considering as a means to enhance your military pension and ensure a secure financial future. Subscribe to our channel and sign up for our private portal members ar

In this video I go over the top three mistakes people are making in their government retirement accounts and how to avoid them.... ( 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 employees and members of the military. It is a valuable tool for retirement planning, but like any investment vehicle, mistakes can be made. Here are the top three mistakes made in the TSP: 1. Not Contributing Enough One of the biggest mistakes in the TSP is not contributing enough to the plan. The TSP offers several types of contributions, including traditional pre-tax, Roth after-tax, and catch-up contributions for those over 50. It is crucial to maximize these contributions to take full advantage of the plan's benefits. Many employees contribute only the minimum req

Mitchell Hockenbury explains in plain English how to get free money $ in your TSP (Thrift Savings Plan) if you Opt-In to BRS. Begin to save at least 5% of your base pay into the TSP and you will get a matching 5% from the government. This is vital to beating the legacy pension. www.PersonalFinanceMadeClear.com... ( 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 If you are a member of the U.S. military, then you may be eligible for a Thrift Savings Plan (TSP). This retirement savings plan has become more lucrative since the implementation of the Blended Retirement System (BRS). One of the most significant benefits of opting into the BRS is the potential for Free Money $ in your TSP. Under the BRS, eligible service members can receive matching contributions from the government, up to a maximum of 5%. To take advantage

Question of the week: What Happens to a TSP Loan when I Leave Federal Service? As always, enjoy, and please subscribe! Website: Facebook: Twitter: Email: cooper@fedretirementplanning.com Timelapse: @caseyneistat © Copyright Fed retirement planning 2016, All Rights Reserved... ( 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/what-happens-to-a-tsp-loan-when-i-leave-federal-service-fedretirementweekly-ep-2/?feed_id=50541&_unique_id=639d17ec5aa0b #Inflation #Retirement #GoldIRA #Wealth #Investing #coopermitchell #fedretirementplanning #federalretirementplanning #federalretirementtips #militaryretirement #militaryretirementhelp #thriftsavingsplanhelp #tsptips #SpousalIRA #coopermitchell #fedretirementplanning #federalretirementplanning #federalretirementtips #militaryretirement #militaryreti

Do you enjoy my videos? Smash the LIKE button and SUBSCRIBE! This video is not meant to be construed as official financial/investment advice; it is my opinion only.... ( 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/thrift-savings-plantspfunds-explained-think-about-your-allocation/?feed_id=46572&_unique_id=638dda4146246 #Inflation #Retirement #GoldIRA #Wealth #Investing #Cryptocurrency #cyrpto #Finance #finance101 #FinanceEducation #investing #Investments #military #militarychannel #militaryretirement #militaryyoutuber #personalfinance #Retirement #stockmarket #Stocks #thriftsavingsplan #tsp #ThriftSavingsPlan #Cryptocurrency #cyrpto #Finance #finance101 #FinanceEducation #investing #Investments #military #militarychannel #militaryretirement #militaryyoutuber #personalfinan

Thrift Savings Plan mistakes happen more than most of us would like to admit. If you’re actively saving money in your Thrift Savings Plan, you’re doing the right thing. Saving for your retirement is the critical part, but sometimes mistakes happen. If you don’t catch and fix them, it can cost you money and delay reaching your retirement goals. I cover the top Thrift Savings Plan mistakes people make and, more importantly, how you can make them better. More on TSP mistakes More on the TSP G Fund ⋯ Find & follow me Newsletter ː Instagram ː Twitter ː LinkedIn ː ⋯ Listen to my podcast Military Money Show ː Check out my blog The Military Money Expert® ː ⋯ My videos are intended for education and entertainment. I do not give investment advice. ⋯ Lacey Langford, AFC®, is a financial coach, writer, and speaker who changes people’s mindset from being fearful of money to having control and confidence with it. Money + military is her jam. She’s the founder