financial planner Stephen Zelcer

14 Differences between TSP vs IRA

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 Contribution Amounts (2022):  TSP allows $20,500 annual contributions while IRAs only allow $6,000.  Furthermore, TSP allows an additional ‘catch-up’ contribution of $6,500 starting the year you

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TSP Planning Report September 2022

September 2022 TSP Planning Report: Facts: The G Fund rate for September 2022 increased to 3.375% It was 2.75% last month.   The Fed Funds interest rate increased to 3.25.  It was 2.5% in August. In June in was 1.65%, and 0.9% in May. The Fed anticipates 1 more rate increase this year, in November.  This month’s unemployment rate increased

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TSP report August 2022 from Stephen Zelcer

TSP Planning Report August 2022

TSP Planning Report 2022 Facts: The G Fund rate for August 2022 dropped to 2.75%.  It was 3% in July.   The Fed Funds interest rate increased to 2.5%.  In June in was 1.65%, and 0.9% in May. The Fed anticipates more rate increases over the remainder of this year.  This month’s unemployment rate dropped slightly

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TSP report graphic from Stephen Zelcer

TSP Planning Report June 2022

June 2022 TSP Planning Report: Facts: The G Fund rate for June 2022 remained at 3%. The Fed Funds interest rate increased to 1.65% from last month’s 0.9%, and they anticipate more rate increases over the remainder of this year. This month’s unemployment rate remained unchanged, at 3.6%. PMI (Purchasing Managers Index) continued to expand

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TSP planning report for federal employees 2022

TSP Planning Report May 2022

TSP Planning Report May 2022 May 2022 TSP Planning Report:   Facts: The G Fund rate for April 2022 was increased to 3% , from April’s 2.5%. The Fed Funds interest rate increased to 0.9% from last month’s 0.5%, and they anticipate more rate increases over the remainder of this year.  This month’s unemployment rate remained unchanged, at

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TSP Planning Report April 2022

April 2022 TSP Planning Report: Facts: The G Fund rate for April 2022 was increased to 2.5% , from March’s 2%. This month’s unemployment rate decreased from 3.8% to 3.6%.   PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at 57.1, compared to last month’s 58.6.

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TSP Planning Report March 2022

TSP Planning Report March 2022 Facts: The G Fund rate for March 2022 was increased to 2% , from February’s 1.825%.  It was 1.325% in March 2021.   This month’s unemployment rate decreased from 4% to 3.8%.  Unemployment was at 6.2% a year ago, in Feb 2021. PMI (Purchasing Managers Index) continued to expand (any reading

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TSP Planning advice for Federal Employees

TSP Planning Report January 2022

TSP Planning Report January 2022 Facts: The G Fund rate for January 2022 was set at 1.625%. This month’s unemployment rate decreased from 4.2% to 3.9%.  Unemployment was at 6.3% in January 2021. PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at

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TSP Planning Report December 2021

December 2021 TSP Planning Report:   Facts: This month’s unemployment rate decreased from 4.6% to 4.2%.  Unemployment was at 6.3% in January 2021. PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at 61.1, compared to last month’s 60.8. The S&P 500 (C Fund) decreased .69%

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Accessing your TSP at age 55

Q&A – Accessing your TSP at age 55

Q&A – Accessing your TSP at age 55 Question Stephen, I was in one of your classes earlier this year and have a question if that is OK. I am retiring the end of December just over MRA at 57. I have 33 years of service. I plan to take the Social Security Supplement. It

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