Timothy Sumer

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

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