Q. My Social Security payment is affected by the windfall elimination provision due to my City of Los Angeles police pension. I am currently receiving SS payments. My wife becomes eligible for SS distributions in one year at age 62. She will also inherit my pension (at a reduced amount) when I die (hopefully not soon). The question is: will her SS amount be affected by WEP while I’m still alive and the beneficiary of the pension or after I’m dead and she is the beneficiary of the pension?

Q. What does Social Security consider substantial earnings? It says if you have more than 30 years of substantial earnings, the windfall elimination doesn’t apply. I have 32 years of taxed Social Security earnings and 37 years of taxed Medicare earnings, but I am not sure what substantial is.

Q. Just for clarification, when you say “I suggest that you invest your account in the L Fund that most closely corresponds to your life expectancy,” you mean the fund that most closely corresponds to the year of your expected end of life, not the number of years until your end of life, right? In other words, if I expect to live 30 more years (or until 2047), I would invest in the L2050 fund, as opposed to the L2030 fund?

Q. I am 67 with $360,000 in TSP and 29 years of federal service. I am also $26,000 in credit card debt at 16 percent annual interest rate. I am vacillating between an age-based in-service withdrawal and a 2.35 percent TSP loan to pay off the credit card debt. Finance-wise, I suppose it makes sense to pay off the credit card with the TSP loan, ($630/mo over 5 years versus $460/mo), but what I’d really like to do is get rid of the debt entirely and not have it hanging over my head at all! I am aware of the…

Q. In the Federal Times October print issue your column “Finding the best Thrift Savings Plan strategy” raises some good funds allocation concerns for investors … but how the heck does the average federal employee go about calculating the ER and the SDR? Or simply where might someone look to find formulas to make such calculations?

Q. I questioned a Thrift Savings Plan representative regarding the matched and unmatched funds from their agency, and they told me due to the fact that I withdrew my funds upon departure, I was not entitled to those contributions they made on my behalf. I thought the TSP funds, whether contributed by me and/or the funds, as well as the interest would be given to me after the vested time frame. How would I go about receiving those funds if they indeed are due to me?

Q. If someone in FERS elected to retire on Jan. 5, 2019, and they changed the last TSP contribution to the anticipated employer match maximum, will the employer match to the max for the calendar year, or just to a 12th of that amount? Though the first retirement check would come late (March), there would be a tax deferred federal contribution in the TSP account of some size in the new calendar/tax year. With the open season falling in the mid-Nov to mid-Dec time frame, is there potential to get a kicker/bonus on that last federal paycheck?

Q. Currently I have 100 percent of my contributions on the L 2030. I’m not planning on withdraw on the target year, what happens to my contribution balance then?

Q. I once was an employee with the federal government and was under the FERS retirement plan. I made contributions, which I withdrew upon being terminated. Am I entitled to the matching funds and interest accrued on the account during my 23 years of federal service? 

Q. I would like to retire on May 31, 2018, and I would like to max out my TSP contribution for the year. My last working pay period (PP) would start on May 27, 2018. My last full working pay period would be from May 13 – 25 and the pay day for that PP wouldn’t be until June 1, 2018, the day after I will have retired. Will a TPS contribution be taken from my paycheck and put into my TSP account for the May 13 – 25 pay period on June 1, 2018 – and again for the…

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