VERA and Accessing your TSP before 59.5: The general rule for Traditional retirement accounts such as IRAs, 401(k)s, TSP is that they can only be accessed at age 59.5. If you dare access them before 59.5, the IRS slaps you with a 10% early access penalty. But there are two notable exceptions to the age
Here we go with a second Trump term! Once Trump go elected, the post-election reactions started pouring in. Here’s a sampling, with slight edits to simplify reading, preserve the flavor but also conceal identity: “I am a recent federal retiree that panicked amid the last election outcome by moving my tsp to bonds. I am
TSP Planning Report May 2024 Facts: The G Fund rate for May 2024 decreased from 4.375% to 4.25%. The Fed Funds interest rate remained at 5.3%. This month’s unemployment rate decreased to 3.8% from 3.9%. The 1st Estimate for Q1 2024 GDP came in at 1.6%. Last quarter’s GDP was 3.4%. PMI (Purchasing Managers Index)
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
Facts: The G Fund rate for February 2024 increased from 4% to 4.125%. The Fed Funds interest rate remained at 5.3%. This month’s unemployment rate remained at 3.7%. The 1st Estimate for Q4 GDP came in at 3.3%. Last quarter’s GDP was 4.9%. PMI (Purchasing Managers Index) expanded to 50.7 (any reading below 50 represents
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
TSP Report2024 Economic Forecast 2024 Economic Forecast – 8 Areas of Macro-Economic concern for the US: 2023 was a challenging year economically, but you wouldn’t notice that from the stock market. S&P500 ended 2023 up 24%. You’d think there’s nothing wrong with the economy. However, there are fundamental issues with the economy. We may not
TSP Report November 2023 Facts: The G Fund rate for November 2023 increased to 5%. Wow! The Fed Funds interest rate decreased slightly from 5.5% to 5.3%. This month’s unemployment rate increased from 3.8% to 3.9%. The 2nd Estimate for Q3 GDP came in at 5.2%. Last quarter’s GDP was 2.1%. PMI (Purchasing Managers Index)
TSP Planning Report October How does the market respond to war? Intuitively, wars introduce economic damage, uncertainty and instability, all ingredients to cause stock markets to fall. This intuition is supported by actual market performance: The S&P500 dropped 18% in the three months following the start of World War I, in 1914. The S&P500 dropped
TSP Planning Report September 2023 Facts: The G Fund rate for September 2023 increased to 4.25%. The Fed Funds interest rate increased to 5.5%. This month’s unemployment rate increased from 3.5% to 3.8%. The 2nd Estimate for Q2 GDP came in at 2.1%. PMI (Purchasing Managers Index) expanded ever-so-slightly after 3 months of contracting, reading
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