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 )
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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...
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 :)