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The TSP is one of three components of the Federal Employees Retirement System (FERS; the others being the FERS annuity and Social Security) and is designed to closely resemble the dynamics of private sector 401(k) and Roth 401k plans (TSP implemented a Roth option in May 2012).
A 401(k) is a retirement savings account that offers several tax advantages that you can receive as part of your employee benefits program. Read to learn more. What Is a 401(k) Plan?
Becoming a 401(k) Millionaire: How To Boost Your 401(k) Balance Even during stock market downturns or harder economic times, don’t be afraid to stick to your long-term financial goals.
Roth 401(k) Plans: Roth 401(k) plans allow employees to contribute on an after-tax basis. With a Roth 401(k), you don’t have to worry about paying taxes when it’s time to withdraw funds from ...
The IRS imposes a time limit on how long you have to complete a rollover transaction. If you’re withdrawing pre-tax contributions or earnings from a 401(k), with the intention of re-depositing ...
On 14 May 2017, it was reported that Hewitt had suffered from both a heart attack and stroke, leaving him fighting for his life in hospital. However, by the end of June 2017, Hewitt had been released from hospital and was said to be recovering well at home; in 2021, he was reportedly working as a gardener. References
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John T. Hewitt (born 1949 in Detroit, Michigan) is an American entrepreneur, the co-founder of Jackson Hewitt, sole founder of Liberty Tax Service and now CEO of ATAX. As of late 2006 Hewitt served as CEO, chairman of the board and president of the latter. Together these companies account for more than 10,000 tax preparation offices in the ...