Timothy Sumer

What are TSP withdrawals - What is a TSP withdrawal? 1-800-566-1002 What are the best types of TSP withdrawals and learn how you can avoid the most common mistakes that individuals have made when looking to trigger their Thrift Savings Plan withdrawals. Federal employees and members of the uniformed services have access to the Thrift Savings Plan (TSP), a retirement savings and investment plan that provides similar savings and tax benefits as private corporations' 401(k) plans. Contributions to the TSP are tax-deferred, but withdrawals are subject to income tax. This guide aims to assist those thinking about withdrawing money from their TSP account and provide a step-by-step process for doing so. Types of TSP Withdrawals In-Service Withdrawals are withdrawals that an individual can make while still employed by the federal government or as a member of the uniformed services. It's crucial to understand the regulations and limitations before making an in-service wi...

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 ...

#rbi #fersretirement #tsploans TSP is a retirement savings plan that allows you to invest a portion of your paycheck, typically but not always, before taxes are withheld. But what happens if you need to access the money prior to retirement? TSP savings have been used to make home repairs, purchase a more reliable means of transportation, or pay off student loan debt. No matter the reason, your TSP is there if you need it, however you must follow TSP’s rules. For more information visit: Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support. The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal,...