Q: I am 51 years old and will not be able to retire from federal service until I am 65. I have 100 percent of my TSP account invested in the C Fund. I would like to diversify my account to include slightly more risk, such as the International (I) fund. Are you able to provide me general stock market guidelines in which it is best to complete this action? A: As always, I recommend that you select the asset allocation scheme that meets your needs with the minimum of risk and then implement that allocation in your account as…
Monthly Archives: May, 2011
Q: Assume that I am 67 years of age and have 42½ years creditable service under the Civil Service Retirement System. Assume that I have “maxed out” at the highest grade/step on the current GS pay schedule for my locality area. Assume that I plan to continue employment until at least December 2011. Assume that I am married and have no children. Assume that I have a current balance in the Thrift Savings Plan in excess of $375,000 and have completed my TSP contributions ($22,000) for 2011. Assume that I have no current monetary obligations of age greater than 30…
Q: I will be retiring at the end of this year. I am saving my annual leave and will be paid for 448 hours in January. Can I have the leave check ( up to $22,500 of the $33,500 I expect to receive) deposited into my Thrift Savings Plan in 2012? A: No.
Q: I am a 51-year-old federal employee with 32 years of service under CSRS. I have all the Federal Employees Group Life Insurance benefits: basic life; Option A standard; Option B additional life insurance (5x); Option C family. My children are grown, ages 31, 29, 21 and 19. The 19-year-old is in college and still living at home. I’m trying to figure out what would be the best choices for me to adjust my FEGLI coverage to. My husband and I are trying to save for our retirement. It’s time to make a change as I believe I’m carry too…