Today, Lee dives into an important topic for federal employees: the Thrift Savings Plan (TSP). While the TSP is a powerful accumulation tool, it may lack the flexibility needed in retirement. Lee explains why reaching age 59½ is a critical turning point and how rolling over TSP funds into an IRA can provide greater control, investment options, and tax planning strategies.
He highlights both the strengths of the TSP- like low fees, simplicity, and automatic payroll deductions- and its limitations in terms of withdrawal rules and lack of integration with broader financial planning. Lee also shares a client story to illustrate how a personalized plan can make a big difference. If you’re approaching retirement and want to make smart, strategic decisions with your TSP, this episode is a must-listen.
Here’s what we discuss in today’s show:
💼 TSP has ultra-low fees, but few options
🎯 Age 59½ opens rollover opportunities
🔄 How rolling over to an IRA offers flexibility and options
🧾The benefits of a personalized tax strategy
Want to set up a meeting with us? Visit us here: http://talkwithjp.com
Get more financial education at http://myretirementclarity.com
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