Q: Since I’m not allowed to deposit my lump-sum annual leave check into my Thrift Savings Plan account, where’s the next best place to put it? Will this amount be considered part of my 2010 income regardless?
A: Generally, I prefer the following order for retirement savings deposits: TSP, deductable individual retirement account, Roth IRA, taxable brokerage account. Your income will be taxable in the year in which you constructively receive it.
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Q.- what are the pros and cons to not take the CSRS spousal surivor annuity and invest the $ you save on a insurance policy?? And If you do buy insurance- should it be whole life??