The ROTH TSP is post tax money, not pretax money. Traditional TSP is pretax.

Do this when mkt tanks 50% and then you are trying to generate 100% return to get back to even. I swing trade my TSP during bull mkts and sit in G fund when the mkt is crashing. Getting 3-4% on T bills is superior. I have over two decades of doing this with my account. Next massive recession has begun. I hope these President Gump tariffs come soon! Every crash is a time to buy inverse ETFs/ put options. I swing trade call and put options to make up the difference with TSP performance during both bull and bear mkts. Look at the unemployment data and you will see the early warning signs of a recession are known way ahead of time. Once the 12 month UE rate crosses above the 36 month UE rate moving average... game over. And we are here! Shhh dont tell any of the TV stock mkt pundits. They want you to get slaughtered; buy buy buy at a discount! LMFAO. Like I said that is the way to the poor house. Big money needs dumb money to buy during the crash when they are exiting out the front door! Mkts take the stairs up and jump off the roof on the way down.

Its so confusing. I'm retired FERS and military. Turn 65 this year and have a 16 year old dependent. I currently have BCBS Basic and Tricare. My plan is to switch to BCBS Focus, Take Medicare A and B so I don't lose my Tricare coverage. I believe this is my only option. I will have good dual coverage for my dependent and coverage traveling overseas.

I successfully managed the COVID shutdowns an mad4 49% in 2020.

Should include that Medicare looks back on your MAGI so income in age 63-65 may be relevant.

Move the 'investment' portion of your TSP into a C Fund equivalent by opening a brokerage account. Leave the G fund money with TSP. Pull money from the G Fund (have 3-4 years worth of withdrawals in the G Fund account just in case the market tanks). When your investment account has a good year, pull money from that account and drop it in the G Fund to continue building the security net. When you have 5-6 years cushion in the G Fund, let the investment account ride a little longer before moving any money.

It is my understanding that FEHB is "Creditable Coverage". That means there is no penalty to join Part B at some point down the road. Why is a penalty discussed in this scenario?

I retired at 66. I enrolled in BCBS Basic and Medicare A and B. At 69 and 70 I had 2 hip replacements, PT, and a hospitalization Medicare paid 80 % BCBS 20 % for most of it. You never know what the future holds. I recommend having Medicare A&B and FEHB.

Can you cover the child care assistants and how to use it

It's bad enought that OPM Wwill raise my Blue Cross Blue Shield from $207.00 to $240.00 a month starting Jan '25 at the age of 62 and Medicare is an addition Bill deducted from my pension is not for me.

The advisors I got from them were insurance agents selling an annuity I didn't want.

You should ask whether taxes will go up or down when you retire. Its hard to predict with certainty but taxes are historically low right now.

It is now 73. (2024).

I recently used the updated TSP website to make a partial withdrawal and direct Trustee to Trustee transfer from my TSP 401(k) [pre-tax] account into my Roth IRA [post-tax]. I transferred the full amount rather than having TSP or new Trustee withholding because I have monies set aside to pay the taxes. My Roth IRA Trustee has classified the receipt of the money as a Roth Conversion Direct Purchase and will document this on an IRS Form 5498. My concern revolves around TSP’s documentation: TSP classifies any type of action other than withdrawal as a Rollover regardless if it going to another 401(k) / Traditional IRA or a Roth IRA. The IRS instructions seem to consider what I have done as a Normal Distribution (CODE 7) vs a Direct Rollover (CODE G). Which is correct? How to I (and through this help others) to ensure I/we do not run afoul of the IRS? Thanks in Advance.

I'm 57 years old with 27.5 years of service. If I postpone my retirement will I receive the supplement ?

nobody is telling me what to do with tsp with trump now 2025 you gonna answer?

It would be really cool to do a series where you did 1st year in the gov, 3 year, 5 year ect

I am 58.5 and have 25 years of service. I want to leave at 59 next summer. I was told that I can postpone and start drawing at 60 without any reduction. But this video says I have to wait till 62 for no reduction?

I will wait until 70 to start my social security because my Dad's family has longevity in age (the longest is age 105 with my Aunt), & I'd like it to be as large as possible. Also, we live way under our means & have rental income to rely upon.

Can you take Part B (to avoid the penalty later) but defer payment until yearly income is lower ( after 2 years) so can pay base price? For us we would kept our FEHB (BC/BS) but would be able to go to basic to reduce the cost.

There are very little FEHB plans that coordinate well with Medicare part B

Had private Medicare Advantage plan with drugs coverage and no FEHB insurance but was thinking of changing and taking a FEHB medicare Advantage Plan this year, but I already have plan B so not sure if it makes sense to add FEHB and pay 2 amounts or just stick with a private medicare advantage plan that covers my meds? Is there any benefit for both plans? Mainly just need coverage for annuals right now?

We will take it at 67, most likely.

At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.

Awesome

I will be 65 in 01/2025. Will Medicare be my primary insurance and do I put off getting Part B since I’m keeping my insurance. I’m still working, will retire in 2028.

My Dad's sister lived in a nursing home until she was 105. She spent almost 20 years in there after a brain aneurysm. Her Dad lived 6 months in a coma after a stroke in the same NH until age 93. My Mom was able to care for my dementia-ridden (probably from a stroke) Dad at home until he passed a month before his 90th birthday. Dementia runs in my Dad's family, & it scares me. My husband is 12 years older than me, & I have no children; so, I will probably just self-insure. Hey, if the NH kicks me out while I'm old & dementia ridden, maybe I won't know anyway. 😊

my current salary is in the 24 percent range and I don't ever see worrying about getting to that 32 percent range which starts at $192K. Most federal employees are no where near that line in the sand , nor will be even in retirement with RMD's . I think all this Roth stuff is just a waste of time for 99 percent of us federal retirees. Of course , who knows what the tax brackets will be 20 years down the road?

I recently adjusted my Roth IRA to 50% in SCHD, 25% in SCHX, and 25% in SCHG. For my Roth 401k, I went with 70% in Vanguard's S&P 500 Index, 20% in the Vanguard Growth Index, and 10% in the Vanguard International Index. My goal is to grow my $350k to over $1 million within the next three years.

This are married couples. What happens to single customers?

Well if they weren't ready with 1M, I'm screwed for sure.

Time the market . . . yea, sure, I guess. Good luck.

You didnt speak to the cost of our fehb coverage once we retire. When we are working, our agency contributes alot toward the premium. Doesnt that go away when we retire and now our monthly premiums for fehb are drastically higher?

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

Started a traditional TSP when it rolled out in 2001 for the military. Never started the Roth TSP since already maxing out ours at VG since 1998. As soon as I retired in 2015 I rolled the TSP into an IRA and started backdoor Roth conversions up to the max 12% bracket. Some years I could only convert 5-10k to fit into the 12% bracket, will finish conversions in 2027.

I am very confused and interested in the topic of medicare vs FEHB. I would love to see a video on this topic.

So.. which plan do you recommend for me? Just kidding, but do you know of any plans that pair particularly well with CHAMPVA? The FFS sounded most similar but just wondering if you have any feedback on it?

If this same couple were to decide to defer 2 years and retire at 62, how would that change their projection? Would they still need to supplement with consulting?

This is very helpful. This sounds like my situation.

His "Portfolio A" showed a 22% return in year 1, and a 15% return in year 2, and how this was a portfolio that would leave to financial retirement success. However, the chance of anyone getting such returns out of a relatively balanced, not overly risky portfolio, is, well, just about zero.

Do have a similar video for folks with a CSRS pension?

I'm in the market for a new home and I'm debating if it's wise use a portion of my TSP for a new home. My wife and I are both retired on social security, with a military pension, VA service pension and military disability compensation. I believe we can qualify for a new home with a rental income renting out my current home. Any thoughts?

This is why you sell all your liabilities and move to Mexico or Spain.

100% C. then at 59.5, moving all holdings out to a useful fund with real options, and the same with each years contributions until I retire. TSP is obsolete.

Part B premiums, always capable of increasing yearly,without limits. If there were some sort of regulation that premiums can only increase a certain percentage per year, then I would consider it. We retirees do not have a vote in how much premiums are increased. Once enrolled, there is no recourse to get out.

Harrison clare county and the correction officer invovled with the American Legion commando, how many times going to be for my eltronics things are being hacked blocked and being dang Satanism cults aiding Marijuana favoritism folks and you called this problems ? Im a paganism not a Satanism or anything else .

All of these FERS retirement videos are based on a TSP value of 1 million or more. Some of us don't come close to that amount. I would like to see a video calculation on a TSP value of 300K and see where that gets us. Not everyone is retiring with 1 million in the bank!

Excellent, informative video!!

Can a non federal spouse (retiree) opt out of Medicare Part B - if federal retiree carries FEHB? We are a High income bracket and will turn 65 in the same year.

I look at volitvity as a common occurrence. I started my TSP with nothing and I have several income streams that will be there after retirement not including social security. I don't watch TV and am not concerned what is spread in the mainstream media. Thanks for the info.