Browsing: Investing

Q. I am a former government employee who is already retired.  I still have an average of $1,000 a month that I am saving from my pension, and I am making minimal interest in the bank with $30,000 in savings.  What is a good place to invest this extra money?  I do not anticipate needing this money right now, but I would like it available when I do  need it.

Do you know a good investment portfolio when you see one? Based on my experience, few investors do. In fact, the investment industry thrives on the prospect that you don’t know the difference between a good portfolio and a bad one. Since managing your investment portfolio is basically a tug of war over profit between you and everyone else in the investing game, it is critical that you gain the best foothold and grip you possibly can before the pulling even begins. Your effort in this struggle is expressed in the way you manage your portfolio — including your Thrift…

Q. I’m a CSRS employee with 34 years of service. I’m 53 years old and plan to work until I’m 58 years old. I have $15,000 that I want to invest. Would you recommend putting it into the Voluntary Contributions Program? I have a balance in TSP also.

Q. My husband and I are 51. We will retire in about 10 years. How do we find the right financial advisor that will help us understand what we need for retirement, and  what we need to do if we won’t have enough to meet our needs?

Q. If I take 5 percent or the maximum interest my retirement plan provides, does this violate the 72t definition of reasonable interest rate, and would I end up paying the 10 percent penalty? A. 72t distributions must be computed using one of three specific formulas, and the rules are strict. Anything else will not qualify for the exemption. You should work with a qualified tax adviser before initiating any payments.

Q. I am a federal employee and will retire Jan. 3. I will have about 400 hours of Annual Leave for a cash payout. Am I allowed to request that this monetary amount be directly rolled into an eligible 401K plan and not have any taxes taken out? If I take the cash payout, can I predetermine the tax percentage based on my calculations or does the government tax at the maximum rate? A. You may not direct the payout into an IRA or 401k plan. Taxes will be withheld according to the W-4 you have on file with your…

Q. Upon retirement I want to transfer my Roth TSP out so I have more flexibility with taxes. Currently, I have all of my TSP money invested into the Roth TSP. Once retired, I want to transfer all but $1 to another firm into both a regular IRA rollover and Roth IRA rollover so that the two  types of TSP accounts are no longer co-mingled. I then want to transfer my regular IRA back into the TSP in order to keep the two types of accounts separate (regular TSP at the TSP and Roth TSP with outside brokerage firm in…

Q. The stock funds (TSP) offered, Small Cap/Large Cap, invest in stocks. What happens to the dividends? A. They are retained inside the funds and are reflected in the share prices.

Q. I just started a federal career at age 31. I rolled over about $21,000 dollars into the S fund from prior retirement. Would it be better to use the L funds for growth which carry less risk, or seek the highest amount of returns in the S fund. I am huge risk-taker when it comes to investing, just trying to make informed decision before accepting all the risk of the S fund with no diversification. A. Let’s see … I know that you’re 31, have about $21,000 in the S Fund, are a huge risk-taker and know little or…

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