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Looking for Ways to Boost How Much You Save for Retirement?
The Voluntary Contribution Program (VCP) is a Federal program that allows CSRS and CSRS offset employees the ability to contribute 10% of their lifetime earnings under CSRS.
- Once you have contributed funds to the VCP, you can rollover the after-tax portion to a ROTH IRA, where any growth is tax-free.*
- This program is not available to FERS employees or in the private sector. It is specifically for CSRS employees.
To discuss the program further and to get a better understanding of the advantages of this unique program, click here to schedule a brief, complimentarycall with an advisor to learn more.
*The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax
Reston Wealth Management Featured in Local Magazine
“There’s a lot more to managing a family’s finances than just return on investment,” says Bob Tucker, founder and president of Reston Wealth Management. “There’s so much more that goes into a family’s financial affairs than just their investment portfolio.”
We are thrilled to share with you that Reston Lifestyle Magazine has published a piece about Bob and our business here at Reston Wealth Management. Click here to view the article or here to see the entire magazine. You can also pick it up in print in various locations throughout Reston, Herndon, Sterling, Oak Hill, Centreville, Chantilly and Great Falls.
No strategy ensures success or protects against a loss. LPL Financial is the nation’s largest independent broker/dealer in the US, as reported by Financial Planning magazine, June 1996-2015, based on total revenue