Everyone who is subject to Required Minimum Distributions who gives to a charity should use Qualified Charitable Distributions (QCDs), but must qualify by being age 70 ½ or over. Say for example you give $10,000 to your church or another non-profit organization on an annual basis. If you are taking RMDs, you can have your […]
A surviving spouse is the only survivor that can leave inherited funds in the Thrift Savings Plan (TSP). It is very common for a federal employee to tell their spouse to leave the funds in TSP should the spouse survive the federal employee spouse. Let me share an example of how a hypothetical conversation between […]
So far, 2019 has proven to be a very different year in markets compared to 2018. Prospects of a U.S./China trade deal and a “patient” Federal Reserve (Fed) have led to a sharp rally, reversing the losses experienced in 2018. Global stock and bond markets are painting two different forecasts of the global economy: Stocks […]
The Shutdown is Over — For Now. Here’s a Financial Plan To Get Workers Back on Track The government agencies that were shut down are back in business, but the financial crisis it left behind for many federal workers and contractors isn’t over. Yes, the 800,000 federal employees who were affected will get their back […]
By Carol Schmidlin Last January, the feature articles in our newsletter were “Celebrating the 20th Anniversary of the Roth IRA”, and the highlights of the “Trump Tax Plan”. Our webinar for that month was “Roth TSP, Peaks and Pitfalls”. Well now a year has gone by and we are nine months away, September 2019, from […]