Timothy Sumer

Attention Federal & Postal Employees: Do you have a Thrift Savings Plan? If so, then this message is for you. Federal Employee Benefit Coordinators is excited to announce the TSP Millionaire Virtual Summit hosted by Elizabeth Inman, and with special guest speakers, Dan Hunt and Rick Keast. This is a free online event, but you must register to attend: Visit www.FEBCnow.com/register for immediate access to this informative event.... ( 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 TSP Millionaire Virtual Summit, hosted by the talented Elizabeth Inman, promises to be a game-changer for those seeking financial independence through the Thrift Savings Plan (TSP). This unique online event brings together experts, enthusiasts, and individuals passionate about maximizing their TSP retirement savings. The TSP M

When a federal employee dies, their spouse can keep funds in the Thrift Savings Plan in what is called a Beneficiary Participant Account (BPA). The BPA is not very flexible when it comes to Required Minimum Distributions (RMDs). The video explains the challenges with RMDs and BPAs. If you need help with your retirement planning and would like to schedule an introductory call you can do so here. My website ... ( 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 TSP BPA Distributions: A Guide to Maximizing Your Retirement The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the uniformed services. It offers participants the opportunity to save for retirement through payroll deductions. TSP allows individuals to invest in a variety of funds ranging from low to high risk. One of th

Federal employees have a lot of questions when it comes to the TSP annuity. This is different from the FERS annuity and it is important to understand how the TSP annuity works before making a decision to take the annuity.... ( 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 Thrift Savings Plan (TSP) Annuity: A Secure Retirement Option Planning for retirement is a significant consideration for every individual, as it sets the stage for financial security during our golden years. One of the retirement options to consider in the United States is the Thrift Savings Plan (TSP) annuity. This annuity offers federal employees and uniformed service members a reliable and secure way to accumulate savings and create a steady stream of income upon retirement. Originally introduced by the Federal Employees’ Retirement System (FERS),

No withdrawal strategy is discussed more that the Thrift Savings Plan barbell strategy. The barbell strategy is a method for federal retirees to take withdrawals from TSP, but how does it work? Here I discuss how it would work incorporating an IRA as well as if you left funds in TSP (hint: not simple!). My kids taking pics on my phone comes in handy sometimes 🤣... ( 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 TSP Barbell Strategy is an investment strategy that encourages investors to allocate their investments between two extremes, namely low-risk investments and high-risk investments. The name of the strategy is derived from the shape of a barbell, where the weight is distributed on two opposite ends. The TSP Barbell Strategy is primarily meant for investors who have a low-risk tolerance, and at the same time,

How much should a federal employee or retiree have in their Roth TSP and IRAs? This is a great question that someone recently brought up and I thought I would address. Having all in Roth isn't possible for federal employees, but more tax free income means more flexibility in retirement.... ( 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 The Roth TSP mix is a retirement savings plan for United States federal government employees and military personnel. The plan is a combination of a traditional Thrift Savings Plan and a Roth IRA, offering savers the ability to invest their contributions in both pre-tax and after-tax accounts. Unlike a traditional TSP, which uses pre-tax dollars, the Roth TSP uses after-tax dollars. This means that employees pay taxes on their contributions upfront, but their withdrawals during retirement are tax-free.

13 Years ago legislation was passed to update the Thrift Savings Plan. They finally got around to the refresh, but did the TSP change for the better? In this episode we: • Take a closer look at how the TSP did with delivering on their big promises • Review changes to access and administration • Explain the new TSP Mutual Fund Window • Compare costs between the core funds you know and the new Mutual Fund Window 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. 0:00 Intro 1:33 Administration and Access 7:40 Fund Choice 15:27 Cost Comparison Referenced Links TSP.gov webpages and resources: • • • Expense Ratio Average Costs from Nerdwallet.com: Article from FedSmith.com: Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: Federal Benefit Re

The IRS is making more changes to inherited IRAs which will eventually impact many federal employees. The Secure Act took effect in 2020 making changes to inherited IRAs by forcing beneficiaries to distribute all funds in a 10 year time period. This year the IRS decided to make more changes and require some beneficiaries to take RMDs.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Inherited IRAs, also known as beneficiary IRAs, are accounts that are passed down to a beneficiary after the death of the original account holder. These accounts are a great way for individuals to pass down their retirement savings to their loved ones, but recent changes to inherited IRAs have made it more complicated for beneficiaries to manage them. The biggest change to inherited IRAs is the new rule that requires non-spouse beneficiaries to take required minim

Watching your Thrift Savings Plan decrease is no fun, especially if you are getting close to retirement. There are a couple of things you can do in times like this that could help dampen the blow. Two things you can do if you are comfortable adding a little bit of risk: 1. Increase your TSP contributions 2. Change your TSP allocation to the stock funds As Mr. Buffet once said, buy when there is "blood in the streets." Even though we may intellectually understand this, it is tough to do when the time comes. www.bobbfinancial.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 https://inflationprotection.org/tsp-actions-to-take-in-a-down-market/?feed_id=48644&_unique_id=6395c6713e1aa #Inflation #Retirement #GoldIRA #Wealth #Investing #federalemployeebenefits #federalretirement #federalretirem

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 Thrift Savings Plan (TSP) is crucial for a successful FERS retirement. Federal employees need to understand how their TSP works and how to get the most out of it while they are working. Knowing these things will help ensure a successful federal retirement.... ( 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/get-the-most-out-of-tsp/?feed_id=44346&_unique_id=6385450f3cbc1 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalretirement #fersretirement #maxtsp #thriftsavingsplaninvesting #thriftsavingsplanretirement #tspexplained #tspinvesting #tspinvesting2021 #ThriftSavingsPlan #federalretirement #fersretirement #maxtsp #thriftsavingsplaninvesting #thriftsavingsplanretirement #tspexplained #tspinvesting #tspinvesting2021