Q. I am planning on retiring sometime after September 2019, which is when I know the TSP withdrawal rules are changing. I want to know if, after September 2019, I would be permitted to do the following: withdraw 20 percent of my balance to pay off outstanding bills; use 40 to 60 percent to purchase a Met Life annuity; and/or leave the balance in my TSP account invested in the L Fund that most closely corresponds to my life expectancy. (My intent would be to take actions one and two at the same time.)
Browsing: L Fund
Q. I will be retiring within the next month. I am single, 62, and can easily live off my pension and Social Security. I’d like to leave my TSP amount intact and only withdraw lump amounts (based on TSP changes coming in 2019) for home improvements or a nice long vacation. I do not need a monthly withdrawal. I currently am 50 percent in the C Fund and 50 percent in L2030. I choose L2030 because my family history of medical issues has shortened most family members’ lifetimes. I do not anticipate a long life, but do want to completely enjoy…
Q. I am considering retirement in 2020, when I will have 33 years of service and reached minimum retirement age. I have approximately $750,000 in my TSP account. Would it be a good idea to put $250,000 in the L Income fund, $250,000 in the L2030 and $250,000 in the L2040 fund? I would use the L income money in the first 10 years, the L2030 in the next 10 years and the L2040 after that.
Q. I am a 58-year-old FERS retiree, retired two years ago, and unfortunately only have $120,000 in my TSP. I will try not to take out any money until I turn 70, if possible. What L Fund do you recommend I keep my money in? I cannot tolerate loss at this point, but would like some growth.
Q. I noticed you always say employees should place their money in the L Fund that most closely corresponds to their life expectancy. However, on the TSP website shows you should invest in the L Fund that most closely corresponds to when you will withdraw the money. Can you elaborate on this issue?
Q. I am 48 years old and I want to get better gains on my retirement funds. I wanted to invest a percentage in the F fund and C fund. I’m not sure of the percentages and how good of a time it is to invest. Please advise.
Q. I am 55 and retired CSRS this past January. When it comes to my TSP investment, 50 percent is in G, 40 percent in C, and 10 percent in S. Should I move any or all of my G Fund to C? It goes against the “buy low, sell high” philosophy, but I feel like I would earn more over time before I have to take minimum distribution if I put my G Funds back into C.
Q. I was forced to liquidate almost all of my savings, stocks, etc., five years ago to assist a family member with some much-needed medical financial assistance. I am 54 years old, and plan on working for an additional 14 years. I’m currently putting $350/pay period into TSP with contribution allocations in L2030 (10%), C Fund (45%) and S Fund (45%). Balances are $13,662, $2,730 and $10,986, respectively. Every opportunity I get, I increase my contribution. Here’s my question: Based on the short amount of time I have left to retire (14 years), is my allocation percentage into the three funds…