Happy New Year! As a federal employee, I did not understand the tax situations, including how pension, Social Security, and TSP withdrawals would impact my overall tax obligation. I have been quite occupied with understanding the tax implications that could affect my retirement investment portfolio if I do not implement withdrawal strategies correctly during retirement. I have successfully built a nice retirement nest egg through my pre-tax traditional TSP account while working in the Federal Government. At present, I am exploring ways to manage my tax responsibilities without incurring losses. I have sought advice from several financial advisors and planners to help me understand the withdrawal strategies required due to Retirement Minimum Distribution (RMDs), social security, and Medicare. I have decided to hire a company that provides a fee-only service (one-time fee) to create a plan detailing the withdrawal strategies concerning the timing and amounts. Once, I get the information, I will move the money to a Roth IRA so that my money can grow tax-free. I am still watching the Wealth Twins' videos and reading what's being posted on the Smart Start Investing platform which is helping me to keep my sanity.

The retirement gap calculator was very helpful. Once you get used to adding items under each section, it is not hard to use. I was able to gather all my information and input the numbers in calculator. The results were very motivating for me to complete this course without delay.

I’m just so excited and had to share. This used to have over $4000 on it. Anyone who knows my story knows why. 🎉

I was excited to post my "Win" this morning! The main piece is that I was able to identify 2 areas where I can lower expenses, so that I can increase investment.

It took me a week, but I'm very excited that I have completed the 1st section of Simplified Investing. I literally had to clean house to sort out my information. So much was in disarray and all this time I thought I had it together😁. For the first time I have come to terms with my Net Worth. I am sure that my Financial Advisor(s) did this before, but looks like it went right over my head. Now that I am hands on, it is so real. The party starts now! Thanks Wealth Twins!