Another great video. I can't wait for Part 2. My biggest beef with the TSP (along with the pro rata withdrawal structure) is that every time you set up a withdrawal from the TSP you need to get your spouses signature notarized. Is that true in an IRA? What a headache.
Hi, first off thank you so much for all the information you have provided. So my question is if you do not get a match, since I join the military in 2009, there is no matching for me, what will work for me?
I have a question, hopefully you can answer. I’m retiring soon, age 58. I want to take a monthly payment from my TSP as additional income. Can I set the amount I want or does TSP set it? Also, should I go over to an annuity for this or just go thru TSP for the monthly payment? Thanks
Thank you for doing these types of videos! This has helped me to understand the TSP and what options are available so I can attempt to educate my dad on them. He's close to retirement so the timing couldn't be better! Looking forward to the Roth video next!!!
No, not really except for some of the main differences between the TSP an IRA but it probably makes sense in most cases especially if you don't want to be subject to RMD's.
Another great video. I can't wait for Part 2. My biggest beef with the TSP (along with the pro rata withdrawal structure) is that every time you set up a withdrawal from the TSP you need to get your spouses signature notarized. Is that true in an IRA? What a headache.
As long as you own the IRA account then you don't need your spouse's signature.
Hi, first off thank you so much for all the information you have provided. So my question is if you do not get a match, since I join the military in 2009, there is no matching for me, what will work for me?
Just bought the book . Thank you for all the great content.
You are very welcome!
A ton of great information. Thanks for posting. Great content!
Glad it was helpful!
Is there a way to contribute the remainder of your annual contribution if you didn't meet the maximum during the calendar year?
You can contribute more at the end of the year as long as you don't go over the yearly limits.
@@PlanYourFederalBenefits unfortunately, I missed that opportunity!
If you roll your traditional IRA into your TSP, does that affect your annual contribution limit?
No, it doesn't. Have a great day!
I have a question, hopefully you can answer. I’m retiring soon, age 58. I want to take a monthly payment from my TSP as additional income. Can I set the amount I want or does TSP set it? Also, should I go over to an annuity for this or just go thru TSP for the monthly payment? Thanks
Great question, you can set the amount that you want from TSP and this is often much better than an annuity option.
@@PlanYourFederalBenefits thanks for info 👍
Thank you for doing these types of videos! This has helped me to understand the TSP and what options are available so I can attempt to educate my dad on them. He's close to retirement so the timing couldn't be better! Looking forward to the Roth video next!!!
Thank you Dallen!
You are so welcome!
I live in Galveston Texas can you provide a specialized consultation?
Great to hear from you Ben, you are welcome to schedule a meeting here: hawsfederaladvisors.com/work-with-us/
is there any reason why you shouldnt roll your roth tsp over prior to 72 to avoid mrd?
No, not really except for some of the main differences between the TSP an IRA but it probably makes sense in most cases especially if you don't want to be subject to RMD's.