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Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

Imagine how much you could save if you could start building compound interest on your retirement savings well before adulthood. If you’d like ideas on how to help your kids get ahead on retirement savings, let’s connect.

**Can I Leave My TSP to My Child?** Leaving your Thrift Savings Plan (TSP) to your child is a common aspect of estate planning, but it involves important considerations to ensure a smooth and tax-efficient process. At Georgia Safe Retirement Planners, we understand the complexities of planning for your family’s future, especially when it comes to retirement assets. With over 15 years of experience, our mission is to minimize costs and maximize benefits for your loved ones. Here’s how we can assist you: **1. Name Your Child as a Beneficiary** Designating your child as the primary beneficiary ensures that your TSP assets transfer directly to them, bypassing probate and reducing legal hurdles. **2. Understand Tax Implications** After inheriting your TSP, your child may be subject to taxes. We can help you navigate distribution options—whether it's a lump sum, rollover to an inherited IRA, or periodic payments—to manage tax liabilities effectively. **3. Consider Rolling the TSP into an Annuity with Enhanced Death Benefit** Evolving your TSP into an annuity can provide your child with guaranteed income and potentially a larger inheritance, ensuring long-term financial security. **Why Choose Us?** - **Free Consultation:** Discuss options with our retirement planning experts. - **Tax-Efficient Strategies:** Explore ways to grow your assets while minimizing immediate tax burdens. - **Customized Planning:** Tailored recommendations based on your unique financial situation and goals. Don’t leave your family's future to chance. Contact Georgia Safe Retirement Planners for a free consultation today. Together, we’ll create a plan that secures your child’s financial future. Learn more here: [Can I Leave My TSP to My Child?](https://lnkd.in/eZu2SHRi)

Great article … I get this question from clients all the time! Getting it right will help ensure your assets go to your loved ones tax efficiently. #TDWealthFinancialPlanning

We believe that lifetime income is important for helping retirees achieve a secure retirement, but sometimes it's easy to dismiss the basics. And one of those basics? Beneficiary designation. ? ?? This has been a hot topic in the news following the case of a man who died with an arguably beneficiary on a $1 million plan: an ex-girlfriend from decades in the past. But it also came up at the Pensions & Investments Retirement Income Conference in New York last week. Doug Gardner of Seneca Foods Corporation mentioned that his company is working hard to update beneficiaries for all its participants during his comments for the panel, "Customizing Engagement in Order to Boost Retirement Readiness," which Chantel Sheaks moderated and included Felicia Bennett and Natalia Sandoval. ? And "auto-everything" exacerbates this issue even further, since many participants have never even been on the plan website. As we evolve retirement plan design to improve outcomes for participants, details like beneficiary designation still matter and we need to continue to innovate operationally and consider policy measures that will provide appropriate protections. ? Thanks to Nikki Pirrello and the team at P&I for including Tamiko Toland in the day's conversations. I'm including this helpful summary in ThinkAdvisor from Robert Bloink and Professor William Byrnes ? https://lnkd.in/gx2F6ixM ? #401kAnnuityHub #retirement #RetirementReadiness #BeneficiaryDesignation #AnnuityYoda?