Posted on Sunday, 3rd March 2013 by Paul Risser
Why do so many people choose them over traditional IRAs? The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies, because it offers savers so many potential advantages. The key argument for going Roth […]
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| Comments (0)Posted on Friday, 22nd February 2013 by Dennis Damp
I received my annual TSP statement several weeks ago and each year I find it informative. It’s a good tool for evaluating your fund’s performance and comparing it to other investments. The highlights this year pointed out one of the true benefits of the TSP; the low expense ratio that we pay compared to other […]
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| Comments (0)Posted on Friday, 8th February 2013 by Dennis Damp
My 1099R arrived from OPM this week and annuitants should have also received their Notice of Annuity Adjustments, Form R1 20-53 (REV. 12/12), that outlines your new 2013 status and payments. The annuity adjustment statement includes the 1.7% COLA increase and lists any changes to your insurance and elective payments. Each year we receive many […]
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Posted on Friday, 1st February 2013 by Paul Risser
Save a little more for retirement. Presented by Paul H. Risser Time to boost your IRA balance. In 2013, you can contribute up to $5,500 to your Roth or traditional IRA. If you will be 50 or older by the end of 2013, your contribution limit is actually $6,500 this year thanks to the IRS’s […]
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| Comments (0)Posted on Monday, 21st January 2013 by Dennis Damp
I discussed the advantages and limitations of TSP ROTH conversions in my last column. THRIFT Plan participants are currently prohibited from converting their traditional TSP accounts to a ROTH. Changes may be on the way that will allow you to convert part of your TSP to a ROTH. The President approved the American Taxpayer Relief […]
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| Comments (0)Posted on Monday, 14th January 2013 by Paul Risser
Different ways to respond to the challenge. Presented by Paul H. Risser As you retire, there are variables you can’t control; investment performance and fate are certainly toward the top of the list. Your approach to withdrawing and preserving your retirement savings, however, may give you more control over your financial life. Drawing retirement income […]
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| Comments (0)Posted on Saturday, 5th January 2013 by Dennis Damp
There is considerable confusion on what federal employees and retirees can do to convert all or a part of their TSP funds to a TSP ROTH. There are limitations and unfortunately you can’t convert any of your current TSP funds to a ROTH within the TSP program. There are only 2 ways to get ROTH […]
Tags: FERS Retirement, Retirement Planning, ROTH TSP, THRIFT Plan
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Posted on Friday, 7th December 2012 by Dennis Damp
Updated 7/25/2021 Yes, there are ways to retire with more than you can imagine! There are many parts to this puzzle that YOU have control over and those who take responsible actions now will be handsomely rewarded when they decide to retire. Having more in retirement doesn’t necessarily mean having a larger annuity, although that […]
Tags: Career Planning, FERS Retirement, Retiree Jobs, Retirement Income, Retirement Planning
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