TSPs in Retirement seems like a pretty silly topic since the whole purpose of the Thrift Savings Plan is to give you money in retirement. Unfortunately, many federal employees do not understand the differences between saving for retirement and distributions through retirement. In this episode, we will cover key points to maximize your TSP into retirement. Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan. In this episode we will go over: - The accumulation and distribution phases of your TSP - How your TSP affects your needs and wants - Is a rollover your best option? 0:00 Intro 1:37 Your TSP is only a tool 2:12 Understanding accumulation and distribution phases 3:51 The power of your pension 5:20 Technical aspects of your TSP in retirement 7:59 Should you manage your TSP in retirement Federal employees and their spouses a...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)