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.

My first individual investments. It took me some time to decide what funds to include in my portfolio because of the funds overlapping with my 401k and IRA. I started out with the three fund portfolio but wanted to include some specific dividend stocks so I ended up with four funds. SOoOoOoOo Excited!!!!!

I finally did it! I opened up a Schwab brokerage account last year but finally purchased some stocks outside of my 401k account.

Hi everyone, I just got done with my first set of videos and learned a lot about structured investing. I am looking forward to the next set of lessons.🤑

How's everyone doing? Anyone got any wins that they would like to share??