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.
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 :)