A recent Harris poll revealed that 64% of all American adults have not put an estate plan in place,1 even though having a comprehensive plan is critical to protecting you and your family’s future by minimizing taxes and expenses and maximizing what you’re able to leave behind.Read more
By 2020, federal employees with Thrift Savings Plan (TSP) accounts should have new withdrawal choices for their invested assets. New rules are scheduled to be implemented through the TSP Modernization Act, permitting TSP participants more flexibility.1
The TSP withdrawal rules have been strict for many years. Too strict, in the opinion of many – especially compared to the private-sector workplace retirement plans the TSP takes after. Once a federal worker makes a partial withdrawal,...Read more
What are the potential benefits? What are the drawbacks?
If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all.
Why go Roth? There is an assumption behind every Roth IRA conversion – a belief that income tax rates will be higher in future years than they are today. If you think that will happen, then you may be compelled to go Roth. After all, once you are age 59½ and have...Read more