Browsing: 401k

Q: Because of the limited ability to withdraw TSP funds in a totally efficient manner for me, I am considering rolling my TSP account to Vanguard in two years when I retire. Vanguard provides the ability to withdraw Roth funds separate from 401k funds in any amounts I desire. As I understand, TSP requires withdraws to be equally prorated between 401k and Roth, based on the total balance. How does a TSP transfer occur … are the TSP Roth funds moved to a Vanguard rollover Roth fund and the TSP 401k funds placed in a taxable rollover account? It seems…

Q. I will be 56 in August, already have 32 years of service at USPS and I am a FERS employee. I started contributing to the Roth TSP 5 years ago. If I withdraw anything from my TSP in 2018, will I be penalized because as I recently found out all dispersals come from both the regular TSP and the Roth proportionally. Do I have to be 59 1/2 to get penalty free withdrawal from Roth TSP or am I good at my MRA + 30 retirement? I thought I had read if you retired on an unreduced retirement that there were…

Q. I am leaving NAF service and going GS. I currently have NAF retirement and a 401(k). I have to decide on whether to keep the NAF retirement plan. I was advised once before this is a better plan than FERS and TSP, but recently was told otherwise. Do you have any information that breaks down the pros and cons of each benefit system?

Q. I about to start working as a new federal employer soon. When I do join the federal agency, I’m deciding if I should roll over my 401(k) from my previous employer to my new TSP account. The question that I have is if I need to take a loan on my TSP, would the funds I roll over to my account be eligible for a general or residence loan?

Q. I have 27 years as a federal law enforcement officer under my belt and four before I am mandatory. If I retired on disability, would it affect my 401k and health insurance? I had a kidney transplant in 2011 and open heart surgery for aortic sleeve and valve replacement. I need my current health insurance just to help me with medication costs. Could I access my 401k while waiting to be approved? How long does one receive disability retirement assistance?

Q. I am a 24-year-old male Marine. I have all my money in the G Fund ($2,500), but I never knew anything about TSP. I never knew the control I had over my portfolio. The only advice I have is what I can remember from my high school economics teacher back in 2010. He told me that while I am young I can afford to invest in riskier funds. As I grow older and get closer to retirement, I need to relocate those to something like the G Fund. So today I put my future investments to go 70 percent, 20 percent…

Q. I am retiring in a few months. My retirement plan includes a monthly pension (about equivalent to my current net pay) and the money saved in my 401(k) and TSP. I do not get Social Security. I put two children through college and have expensive loans (7 percent) and a 6-figure balance. Does it make sense to pull the money out of my TSP and use it to pay the student loans off? The monthly student loan payments are approximately $1,500.

Q. I’ve been a federal employee for nearly five years now. My previous employer had a Money Purchase Plan and Retirement Savings Plan (401k) that has now totaled nearly $100k via Vanguard. What should I do with those plans since I have not touched them in 5 years? Should I roll them over somehow into the TSP or even an IRA?