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With the looming possibility of Congress not extending the Trump Tax Cuts (TCJA) for individual taxpayers, those nearing retirement or already retired might find themselves facing...
Seniors should be aware of these top strategies to potentially reduce their tax obligations. Elevated Filing Thresholds for Individuals Aged 65 & Over Individuals aged 65...
Why does the IRS mandate Required Minimum Distributions (RMDs) from your traditional Thrift Savings Plan (TSP) once you hit 73? Simply put, it’s all about taxes....
As your FERS retirement date approaches, it’s crucial to grasp how your account is managed once the TSP receives notification of your separation from service. From...
As the new year unfolds, it’s prudent for federal employees to reevaluate their retirement plans in light of recent changes. From pay raises to tax adjustments,...
As you hit the half-century mark, retirement planning starts to take center stage. Here are five pivotal milestones to guide your retirement journey: 1. Age 50:...
Since its introduction in 2012, the Roth TSP has provided federal employees with an additional avenue for retirement savings. Let’s delve into the pros and cons...
As you embark on the journey of taking distributions from your Thrift Savings Plan (TSP) in retirement, a comprehensive understanding of your options is vital for...
The intricacies of the Thrift Savings Plan (TSP) may catch you off guard when you separate from service, as it can take up to 30 days...