Q. I’m a current CSRS employee considering retirement after 34 years of service. With a $300,000 balance in my TSP account. I’m currently risk adverse and for the past two years have been in the L Income Fund. I have read many of the questions about investing and found a familiar reply below: “I suggest that you invest your TSP balance in the L Fund that most closely corresponds to your life expectancy”. I am 61 years of age and hopefully will be alive until my early 80s. Isn’t the L2030 fund too risky for someone of my age? What…
Q. I have recently retired from the U.S. Postal Service under CSRS. I had been contributing the maximum amount toward my TSP. When I left, I received my balance of annual leave in a lump payment. I am rolling my TSP over to a Fidelity account to have more choices with regard to withdrawal options. Since the money from annual leave pay is treated as earnings, can I place some of it in the IRA account?
Q. I’m a current CSRS employee considering retirement after 34 years of service. With a $300,000 balance in my TSP account, I’m currently risk adverse and for the past two years been in the L Income Fund. I have read many of the questions about investing and found a familiar reply below. “I suggest that you invest your TSP balance in the L Fund that most closely corresponds to your life expectancy.” I am 61 years of age and hopefully will live until my early 80s. Isn’t the L2030 fund too risky for someone of my age?
Q. Will I continue to receive my supplement from the Office of Personnel Management until I reach 66½, at which time I would file for full Social Security benefit, rather than 62? Or does it stop automatically at 62? I want to hold off applying. I transferred from CSRS to FERS midway through my career and fall under WEP.
Q. I am a CSRS annuitant, having worked and paid into retirement for 34 years and retired now for six years, drawing pension. My wife is a paid-up Social Security contributor, who just turned 62. Aside from the question of when she would choose to initiate Social Security benefits, we have a question: We have been advised by a financial planner that the Government Pension Offset rules will reduce any Social Security benefits she can claim by two-thirds of our CSRS pension from my career. It seems there would be no reduction of her Social Security, but only of any Social…
Q. I’m a CSRS retiree, age 66, and I want to withdraw a portion of my TSP savings to pay off a mortgage. Can I do this? If so, what are the tax implications or any future limitations that I may not be aware of?
Q. I currently work for the Department of the Army. I recently interviewed for a position with the Veterans Administration and was offered the position. When I transfer, will I retain my benefits such as TSP, leave (annual and sick), and others that I believe all fall under OPM?
Q. I am a CSRS retiree from the Department of the Army. My Social Security benefits are set at $40 a month and will not get any higher. My husband retired with New York state benefits. I am told I cannot receive half of his Social Security benefits if he passes away. Is that still true? If so, why?