financial planner Stephen Zelcer

14 Differences between TSP vs IRA – Updated for 2024

14 Differences between TSP & IRA TSP vs. IRA: Both are retirement accounts, both offer a Roth and a Traditional option, yet there are many important differences. Here are 14 differences 1. Contribution Amounts (2024):  TSP allows $23,000 annual contributions while IRAs only allow $7,000.  Furthermore, TSP allows an additional ‘catch-up’ contribution of $7,500 starting

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MRA+10 Retirement – should you postpone your FERS pension? (w/video)

MRA+10 RetirementShould you postpone your FERS pension? (w/video) Read the video transcript: FERS employees, you have the ability to retire early with something known as the MRA plus 10 retirement. Now let’s define that. MRA, Minimum Retirement Age, for most FERS Employees, is 57. So MRA, 57, plus 10, what does that mean? 67? And

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Should I take a TSP loan?

Live Webinar – Should you take a TSP Loan

Should you take a TSP Loan? Borrowing from your retirement account. Hmmm. Is that smart?This is a topic you will find mixed messages about if you search online. There’s a time when it makes sense, and times when it’s a massive mistake. Join me in my upcoming webinar “Should you take a TSP Loan?” where

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Fake Social Security

Fake Social Security (w/video)

Fake Social Security (w/Video) Read the video transcript: Welcome back to the channel. So in a previous video, we spoke about the three legged stool. Somebody who retires at minimum retirement age (MRA), which for many FERS employees is age 57. So they could get their first pension. They could get their Thrift Savings Plan,

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creating a retirement investment strategy

Is Retirement Better at Beginning or End of Year? Updated for 2024

Is Retirement Better at Beginning or End of Year? Updated for 2024 I often hear people say “I’d rather retire sooner than later.” But when the choice of retirement dates is just a matter of a few months, then people often assume there’s not much difference between sooner or later. What difference does a few

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creating a retirement investment strategy

Creating a Retirement Distribution Strategy – Live Webinar

Live Webinar – Creating a Retirement Distribution Strategy Which asset do you dip into to create your retirement income stream, and when? What happens when the market goes up? What should you do when the market goes down? We spent a career squirrelling away money for retirement, expecting our portfolios will be able to carry

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guide to federal employees benefit milestones

Key Milestones in the Career of a Federal Employee [Updated]

Key Milestones in the Career of a Federal Employee – Updated I’ve seen it many times.  Federal employees who thought they would only spend a few years as a Fed and move on, only to find themselves still a Fed 20+ years down the road.  This unintentional floating along in a Federal job can be

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