Q. Will the FERs supplement be reduced for earned income over $15,000 if the income is deposited in a deductible IRA or an employer 401(k)?
Browsing: FERS
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. If I retire from FERS today what is the maximum time that in which I have to buy the Long Term Care?
Q. I just got a job with the federal government and am thinking about transferring my money from my 403(b) account to my FERS account. However, I took the maximum loan allowed under my plan, which I am currently paying. How do I transfer money from the 403(b) to my FERS and continuing paying my loan without paying an IRS penalty.
Q. My start date with the U.S. Postal Service was December 1986. This is my 30th year. I am now 58 years old. I also worked prior to USPS and have more than 40 quarters in with Social Security. I am under the FERS system and understand that my contribution to TSP will factor into my annuity. I know nothing about USPS retirement and have heard words like “windfall elimination offset” and that I cannot get Social Security that was earned before the USPS. How can I find out when is the best time I should retire for maximum benefit and what would my actual…
Q. I am a FERS employee and will be 61 in July 2016. Will I still lose 5 percent a year for every year I am under 62? I currently have 25 years and 4 months of service.
Q. I understand you’re a proponent of leaving your money in the TSP at retirement, mainly due to low cost. However, are there benefits to rolling it into an IRA? I’m thinking along the lines of inheritance for my beneficiaries. I thought I read once that the options for beneficiaries are more restrictive with TSP. What are the advantages and disadvantages of the two choices? I am a FERS retiree who is 62 years old.
Q. I retired in February 2016 from the U.S. Postal Service. I want to withdraw a lump sum (about $130,000) from my Thrift Savings Plan to purchase a house. Would I lose my FERS Special Supplement?
Q. In a FERS TSP divorce division, am I correct the formula is to subtract the years of marriage from years of service and compound interest? My spouse says compound interest must be subtracted, but the TSP office states there is no compound interest.
Q. I’m a young federal employee, about 30 years old, trying to plan for retirement. Some of the literature on saving out there sets goals, either in dollar amounts such as $130,000-$200,000 by 30 years old, or in terms of salary such as one year’s salary by 30 years old. I presume these are geared toward private sector employees who do not have a FERS component to their retirement planning. I understand FERS changes the numbers, but I’m not entirely clear on how to factor it into my retirement planning goals. Are there any similar guideposts for our TSP you…