Hit $1 million in your TSP? John Mason, CFP®, walks federal employees through 10 steps to turn Thrift Savings Plan savings into FERS retirement income.
You’ve done the hard part.
You saved, invested, and stayed consistent through your federal career. But once retirement gets close, the goal changes from saving as much as possible to spending what you’ve built with confidence, and that shift is harder than most people expect.
In this video, John covers how to choose your retirement date, review your expenses, estimate your FERS pension, pick a survivor benefit option, and fit Social Security into the plan. He also explains the three mistakes he sees TSP millionaires make, how to think about a 30-year tax plan and Roth conversions, how to build a distribution strategy, and why you shouldn’t close your TSP at retirement.
Timestamps:
0:00 Welcome to the TSP Millionaire Club
0:48 Step 1: Pick your retirement date
1:11 Step 2: Review your expenses and goals
1:48 Step 3: Calculate your FERS pension
2:28 Step 4: Choose your survivor benefit
3:09 Step 5: Social Security, plus 3 mistakes to avoid
3:43 Step 6: Build your 30-year tax plan
4:05 Step 7: Create your distribution strategy
4:37 Monthly vs. as-needed withdrawals
5:17 Step 8: Model realistic spending assumptions
5:34 Step 9: Account for inflation
6:17 Step 10: Learn your TSP distribution options
7:03 Final thoughts: don’t close your TSP
Resources:
Schedule an Intro Call: https://www.masonllc.net/get-started
Download our survivor benefits ebook: https://www.masonllc.net/federal-empl…
Listen to the Federal Employee Financial Planning Podcast: https://www.federalemployeefinancialp…
Newsletter signup: https://www.masonllc.net
About Mason:
Mason is an independent, fee-only financial planning firm that specializes in helping federal employees plan for retirement. Our team of CFP® professionals, CPAs, and EAs helps you understand your FERS, TSP, FEHB, and Social Security options so you can make confident decisions about your future.
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Website: https://www.masonllc.net
Investment advisory services offered through Mason & Associates, LLC. The content of this video is for general educational and informational purposes only and should not be considered specific investment, financial planning, tax planning, legal, or other professional advice.
