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Should You Invest in Roth TSP?

This is a question that takes a little analysis. The traditional TSP gives participants an immediate benefit by lowering their adjusted gross income (AGI), which means less taxes are paid today. The tax benefit for Roth TSP comes when a participant takes distributions and receives tax free income.

Federal Employees
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Should You Take a TSP Annuity?

A common question for federal employees to ask me is, "so what's this annuity option in my Thrift Savings Plan (TSP)?" There is a lot of misunderstanding around what annuity options are available through TSP, as well as confusing the TSP annuity options with your FERS annuity.

Federal Employees
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Retirement Isn't All About Income

Most people I talk to about retirement are primarily concerned with retirement income, and justifiably so, since many want to retire in the near future. I believe that we get too focused on the income aspect of retirement versus the expenses side of retirement. If you want flexibility in retirement, you first need to gain control of your expenses before worrying about your income.

Federal Employees General
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Should You Withdraw 4% From Your TSP?

One issue with the 4% rule is that your income remains steady throughout retirement, rising incrementally each year to adjust for inflation. While a steady income may sound good, it isn’t the solution for everyone. Another issue is that most studies on retirement income are based on math and science, and not human behavior and desires.

Federal Employees
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Federal Pre-Retirement Consultation

In over ten years of working with federal employees I have learned that there are many questions around retirement and how federal benefits work in retirement. I believe a federal employee’s financial well-being is vital to a happy and satisfying retirement. Federal employees should know exactly how their retirement will work before submitting their retirement papers.

Federal Employees
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Credit Card Debt and a Good TSP Loan

I wrote a previous article that discussed reasons not to take a Thrift Savings Plan (or 401k) loan. Even though I am generally against taking a loan from your retirement plan, there are times when it can make sense. There are many reasons not to take a loan, but I will refer you back to my previous article for those reasons. Justification of a TSP loan calls for a dire situation, such as high credit card debt.

General Federal Employees
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Stop Cleaning Your Car

Fast forward many years later, and I still have a tendency to do things myself. The main reason I clean my own cars, wax my cars, clean the house, and do the yard work is because I’m tight (or frugal, to put it politely). I don’t like the idea of paying others to do something that I am able to do.

Federal Employees General Doctors
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Five Common Mistakes Retirees Make

Retirement is a goal that most of us aspire to. Even though retirement is often thought of as an ending, it is more of a beginning event. Yes, you may be done working, but a new phase of life is starting. Each phase of life has its own risks and retirement is no different.

Federal Employees
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Four Reasons Not to Take a TSP Loan

Taking out a loan against your TSP has become a pretty common practice with federal employees. Even federal employees with higher incomes have taken money out of their TSP because it is a “good deal.” As many of us have seen in life, just because it sounds like it is a good deal doesn’t mean it actually is. Despite sounding like a good deal,

Federal Employees
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Lifestyle Creep

One of the biggest obstacles to accumulating wealth is what I call Lifestyle Creep. Lifestyle Creep can delay retirement, financial stability, and financial independence. At its worst, lifestyle creep can drive families into large amounts of debt that they will spend decades climbing out of. Others have referred to it as lifestyle drift or lifestyle inflation.

Federal Employees Doctors General
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