Timothy Sumer

START INVESTING FOR FREE: 📈 M1 Finance - Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: Subscribe for weekly finance videos: In this viewer requested video, I explain what the thrift savings plan (or TSP) is, I go over the investment options available in the TSP as well as the steps to roll the TSP over to an IRA after leaving the service. *Note: I do not have a TSP and all the information in this video is based on solid research and speaking to people who do have TSPs. Most of the information found in this video was taken from Ryan Guina's fantastic articles on militarywallet.com. The links to the specific articles are listed below: TSP Rollover Guide: Should You Rollover Your TSP to IRA (Pros and Cons): What Should You Do With Your TSP When You Leave the Service: More information on the TSP can be found on the TSP website: If you enjoyed this video you can check out some of my other videos at

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 ★ ROTH TSP vs Traditional TSP - Which is Better? 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 ► My Wide-Angle Lens 👉 ► My Wireless Microphone 👉 ► My Shotgun Microphone 👉 ► My Lighting 👉 ► My Light Diffusers 👉 ► My GorillaPod 👉 ► My Tripod 👉 ► My SD Card 👉 What flag is that? 👉 What is your background? 👉 ================ 📚 📚 Books That Changed My Life 📚 📚 📗 How to Win Friends & Influence People 👉 📕 Dumbing Us Down 👉 📘 Quiet - The Power of Introverts 👉 📙 The Red Queen 👉 📔 Alexander Hamilton 👉 📒 A People’s History of the United States 👉 ================ 80% of day traders are unprofitable over the course of a year: For the month of September I attem

Should You Roll Your TSP Into A... #thriftsavingsplan #TSP #militarymillionaire - I am getting asked what you should do with your Thrift Savings Plan after exiting the military more and more frequently. While my default answer is “nothing, leave it alone and benefit from the compound interest, and knowing that your future is secure.” I understand there are several alternatives that could prove to be worth your time. In this article I want to explain what some of these options are, and why it may (or may not) be beneficial for you to roll your TSP into these investment vessels. Keep in mind that I am not a licensed financial advisor, just somebody who has done a lot of research. Also, these are just my opinions, be sure you do your own homework and come to your own conclusions as well. On the other hand, keep in mind that I will not receive a commission of any type from you rolling your TSP over, but many people do. Always remember to ask yourself what filter somebody is

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

Had a question from a subscriber about the taxes he'll owe on his three sources of retirement income: TSP distributions, Social Security and his USPS pension. So, I figured it'd be fun to go over this step by step. Weird, no? Before we get started though Let me ask you my friends, if you are in a 22% tax bracket what would your tax be on a $20,400 TSP Distribution? Did you take your trusty calculator and times $20,400 by .08 as most people do to get $4488? Guess what, that'd be WRONG!!!! That TSP distribution will actually cause you to pay 30% in income taxes, JUST TO THE FEDS and yet you're still knee deep in the 22% tax bracket. HOW CAN THIS BE???? Watch the video and I show you the ugliness that is the US Tax Code. ?... ( 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://inflationprote