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Episode 10: Federal Employee Financial Planning TSP at Retirement or 59.5

Episode 10: Federal Employee Financial Planning TSP at Retirement or 59.5

FromFederal Employee Financial Planning Podcast


Episode 10: Federal Employee Financial Planning TSP at Retirement or 59.5

FromFederal Employee Financial Planning Podcast

ratings:
Length:
43 minutes
Released:
May 2, 2022
Format:
Podcast episode

Description

We know that TSP can be a great way to save money for retirement whilst also receiving significant tax benefits. However, these benefits come with a number of rules that limit when and/or how you can access these funds. One very well-known rule is that for many retirement accounts you will have to pay a 10% penalty if you access them before age 59.5. In this episode, Michael, Tommy and John will be explaining several exceptions surrounding this penalty and how to ensure you use them correctly to avoid costly mistakes. Access the full show notes at Mason & Associates, LLC
Released:
May 2, 2022
Format:
Podcast episode

Titles in the series (70)

Federal employee benefits are among the most comprehensive and strongest in the country. Financial planning for federal employees requires knowledge of both financial planning concepts and a comprehensive understanding of these benefits. General financial planning advice is just that, general. We speak specifically to federal employees and the unique planning techniques and strategies to help them maximize their benefits. Mason & Associates have over three decades serving as financial planners for federal employees.