Q. I just returned to government employment after a long break in service and am in CSRS Offset. Can I use my IRA (Traditional) to roll over my owed redeposit money into CSRS? My IRA is with Vanguard, and they were unsure about the penalties involved. I called the IRS and no one there knew.
Q. I have approximately $125,000 in contributions plus about $50,000 in earnings in my VCP account. I need about $110,000 from my account. Can I borrow in the form of a loan from my account, or do I have to withdraw? I would still like to keep the account open and would intend to replenish at a later date.
Q. I am 64 years old, retired under CSRS and receive a pension of $3,954 dollars monthly. I paid enough to be eligible for Medicare, but I don’t have enough quarters to receive Social Security benefits on my own. My wife is currently receiving a Social Security pension of $1,359.90 monthly. Am I eligible for a Social Security Spousal benefits?
Q. I retired at age 55 under CSRS offset. When I turned 62 I had to start drawing from Social Security. My husband is going to be retiring soon at FRA. Am I entitled to half his Social Security?
Q: I retired CSRS 15 yrs. ago and now at age 70 1/2 years old It’s time to select a qualified distribution from my TSP funds. My Question is this; does my investment scheme remain the same after I start withdrawing money or does TSP move them to a fund of their choice?
Q: What form do I need to cancel medicare part B, I do not get social security benefits. I get a CSRS pension. I have GEHA health insurance. Because I took out TSP savings my premium for medicare part B jumped to 246 dollars a month. I want to cancel.
Q. I plan to retire on Jan 1, 2016, with 35 years in the United States Postal Service. I want to make a partial withdrawal from my TSP to put into a savings account for emergencies. I also want to start monthly payments beginning in January 2016 to supplement my CSRS retirement check. What TSP forms will I need to complete? If I submit the monthly payments form by the December deadline, will the January 1, 2016, start of the monthly payments be effected by my retirement date of January 1, 2016?
Q. I am a retired CSRS employee, and my wife is a retired FERS employee. I am currently 63 and my wife is 61. We are both covered under my FEHB insurance as part of my annuity. I keep reading about whether or not I should pick up Medicare Part B, but there does not seem to be a clear-cut answer. It seems to depend upon your health, current out-of-pocket expenses for medicine, office visits, etc., compared to the annual cost of Part B. I have seen several articles point out the 10 percent penalty for delaying enrollment. My question is, if…
Q. I have read that the VCP based on my age of 64 could pay as much as 8.8 percent in an annuity. Is that true? Can one elect a survivor benefit? And if so, at what cost/reduction? Who is the company behind the product?
Q. I am a federal employee and have been eligible to retire for a while, but I wasn’t ready until now. Within nine months I will have retired. I am one that converted way back when from CSRS to FERS. I am 67 and a half years old (already drawing my SSA, which I started at 65 when I reached 100 percent) and will be 68 and a half years old when I retire. Within 2 years after retiring, I will be required to start taking my minimum withdrawals. Several things: I am concerned with the recent money market fluctuations and…