Not Your Average Financial Podcast™

Episode 410: The Devastating Thrift Savings Plan Pitfall with Amanda Neely


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In this episode, we ask:

  • Who will you become?
  • Do you or your loved ones have a TSP or Thrift Savings Plan?
  • Who is Amanda Neely?
  • Would you like to hear Episode 113 or Episode 362?
  • What has Amanda learned as an author?
  • What about joy and peace?
  • What did Amanda discover?
  • Do I need to do something different than what my parents did?
  • What is a TSP, and how is it different than a 401(k)?
  • Is a TSP essentially a government employee’s 401(k)?
  • What about the match?
  • What is the difference between a traditional and a Roth?
  • What are the advantages and disadvantages?
  • What are the different funds?
  • What about the fees?
  • What are you actually invested in?
  • What happens with a loan in a 401(k)?
  • What happens with a loan in a TSP?
  • Who wants to be double taxed on the same dollar?
  • What are your choices?
  • How about an example?
  • What are the restrictions?
  • What happens with a surviving spouse?
  • What can be quickly locked down?
  • What about taxable withdrawals?
  • What about non-spousal beneficiaries?
  • What are the tax implications?
  • What about a delayed death certificate?
  • How savvy are adult children?
  • What if you’re under age 59 1/2?
  • What if you’re older than age 59 1/2?
  • When is your TSP free?
  • What happens to federal employee group life insurance?
  • What happens if you don’t have a plan for your assets?
  • What’s the government’s plan for your assets?
  • What happens when you have a will?
  • What about probate?
  • What happens when you have a trust set up?
  • How can you reduce the drama for your family members?
  • What about financial wellness?
  • Would you like to join our FREE Not Your Average Financial Community and private message Amanda Neely?
  • What are the takeaways?

Amanda Neely is a CFP® (CERTIFIED FINANCIAL PLANNER®) professional and CEO of Wealth Wisdom Financial. She makes financial planning more accessible through podcasting and through developing personalized financial strategies for individuals and couples, as well as profitability strategies for small businesses. She works virtually to help everyday Americans all over the United States to create smart, stable financial futures.


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