David Fielder of Postal Benefits Group discusses your TSP Roth Withdrawals
TSP Roth Withdrawals by DAVID FIELDERSeptember 7, 2015 / by David Fielder
USPS has fallen onto difficult times, and are implementing plenty of changes and contemplating more dramatic changes… A LiteBlue ray of sunshine
What account to withdraw from first in retirement to give us the greatest benefit.
There are three common types of IRAs – Traditional, Roth and *Rollover. Finding the right IRA for you requires being educated about what each one offers. All IRAs are designed to help you for retirement but each has its unique features.
For Federal Employees, spending will change in retirement. Some federal retirees will spend more and some will spend less based on their individual financial situation.
You should carefully read all of the information in the application package and submit the forms. You do not need to submit a resignation letter. Your completed and signed application is equivalent to a resignation.
It is best to make certain all of your records are in place when anticipating retirement
You don’t have to follow any particular format for creating a budget except to measure income against expenses. The tips below might help you get started.
After you put your federal retirement plan in place, the biggest challenge is implementing it.
The Financial Plan is a key component of your overall Retirement Planning strategy, so you can retire well and live in comfort and security.
The number of employees expected to sign on for retirement did not happen because too many Federal employees are ill-prepared to retire.
It seems to be the general concensus that a Last Will and Testament is an essential part of a good estate plan but Living Trusts are not as widely used nor understood.
There was a FERS open season held back in 1987-88 and 1998, allowing employees with at least five years of Civil Service Retirement System (CSRS) service to voluntarily transfer to FERS during one of the two open seasons.
Your Thrift Savings Plan (TSP) is funded via payroll deductions. Therefore, once you are no longer an employee your participation in the TSP stops as far as being able to make contributions. However, you don’t have to take your money out of the TSP, you just cannot put money into it.
VERA offerings might help agencies create efficiency and balance the budget, but those same results might not be achieved for the federal retiree.
Public Sector Retirement, LLC (www.PSRetirement.com) provides federal and postal employees, retirees and their spouses and children comprehensive information about their federal retirement benefits; how to obtain these federal employee benefits; guidance on how best to prepare for federal retirement; and how to protect, invest and grow their financial assets for the benefit of themselves and their loved ones.