Chapter 9 of The Informed Fed, "Roth vs. Traditional TSP"

14/10/2024 16 min Temporada 1 Episodio 9
Chapter 9 of The Informed Fed, "Roth vs. Traditional TSP"

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Episode Synopsis

In Chapter 9 of The Informed Fed, titled "Roth vs. Traditional TSP," Jeffrey Roediger and Bryant Stone break down the key differences between these two Thrift Savings Plan options for federal employees. They explain that Roth TSP contributions are taxed upfront but grow tax-free, while traditional TSP contributions are tax-deferred until withdrawal, allowing immediate tax savings. The duo emphasizes that TSP offers higher contribution limits compared to IRAs, with no income restrictions, making it a powerful tool for federal workers. With potential future tax hikes, Bryant suggests Roth TSP could be more beneficial for many employees. Both hosts stress that financial planning is an ongoing process, especially in light of changing tax laws, and encourage listeners to regularly consult with financial advisors to maximize their retirement strategy.To order the book: https://a.co/d/gdQclm6To schedule a consultation with Bryant Stone: https://go.oncehub.com/consultation3For additional resources for the federal employee, visit [email protected](919) 300-5870

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