Q. The L funds such as L2020 are structured toward retirement dates such as 2020. After that date, your funds are moved to the L Income Fund. I’ve seen you mention several times that if you can’t decide how to allocate your funds after retirement that we should consider the fund that matches our life expectancy. Can you explain the reasoning behind this a little more? If I am currently 57, retired and my life expectancy is 85 years of age, are you saying I should consider the L2040 or L2050 funds?
Q. I will be 57 years old in August, and already have 32 years of service. I am a FERS employee. Do I have to be 59½ to get penalty-free withdrawal from TSP, or am I good at my minimum retirement age + 30 retirement?
Q. My wife is a carrier in the U.S. Postal Service. We’ve been married more than 30 years, and she’s been enrolled in medical for more than five years. I’d like to go on her medical when I retire. I’ve been told that in order to do that and retain medical and if she were to pass away before me, she would need to select survivor benefits on her retirement. We’d actually prefer not to do that, as I wouldn’t need the survivor annuity benefits. Does she have to have survivor benefits for me to use the medical benefit? Does…
Q. I retire in a year with 37 civilian years total. I also will retire from the Reserves. I will be 56 and will start to draw my civ TSP in monthly payments. Does it make sense to combine my civ and mil TSP? Would it make more sense to draw my civ TSP and leave the mil TSP alone, just in case I needed to take a lump sum for an emergency?
Q. I am considering leaving the federal government next year when I turn 50. At that time, I will have 27 years of service and will be deferring retirement until I am 62. Is it possible to start collecting an annuity with my TSP balance at that time and will there be a 10 percent penalty for early withdrawal?
Q. I will be 59 in October and retired last June from the federal government. I am thinking of starting an S corporation. My income limit is $16,900 under Social Security. If I pay myself less than the income limit, will my retirement benefits stay the same? Also, when I file my annual income tax, the profit from the S corporation will be listed; does this amount affect retirement payments?
Q. I am currently a retired veteran receiving both retirement and disability concurrently. I just recently became a federal employee. When I finish 20 years as a federal employee, will I be able to collect FERS, retirement, disability and my TSP?