Timothy Sumer

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

The Roth TSP and Roth IRA may share the same name, but share only a few characteristics. Otherwise, they are completely different accounts. Watch the video to find out the differences and visit the article below to find out more. Article: -- ► 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 through 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 2016, All Rights Reserved... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEA

It is very important for a FERS retiree to understand how their Roth Thrift Savings Plan will work in retirement. Federal employees retiring prior to age 59.5 may be surprised to know that they won't have access to their Roth TSP without penalty. The withdrawal rules are different for traditional TSP, Roth TSP and Roth IRAs.... ( 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/roth-tsp-in-retirement/?feed_id=39537&_unique_id=6372c8095fab2 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalretirement #fersretirement #roththriftsavingsplan #rothtsp #thriftsavingsplan #thriftsavingsplanwithdrawal #ThriftSavingsPlan #federalretirement #fersretirement #roththriftsavingsplan #rothtsp #thriftsavingsplan #thriftsavingsplanwithdrawal