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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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The Stealth IRA

An HSA potentially combines the tax benefits of the Roth IRA and Traditional IRA in one tax-sheltered account. You get an upfront tax deduction for all contributions to an HSA, the account grows tax-free and distributions for qualified medical expenses are tax-free.

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Have Fun With Your Savings and Spending

I’m not talking about spending wildly, in fact, quite the opposite. I am one of those weird people that gets enjoyment out of getting a good deal. I try my best to get a “good deal” on my savings and spending every year. It has almost become a game to see how much I can make on our savings, so I thought I would share some methods that we have in the past year.

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It Pays to Know the FAFSA

The FAFSA is primarily used determine a student’s eligibility for financial aid. Filling out the FAFSA will determine families Expected Family Contribution (EFC) toward their kid’s college expenses. A family’s EFC is the minimum amount they will be expected to pay for college.

College Planning
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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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