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?
Q. If I retire today, Social Security is S1,800 per month ($1,000 from the U.S. Postal Service and monies from my thrift savings account). Will this money from USPS and TSP affect my Social Security amount of $1,800? If so, how much?
Q. I am looking for a clear answer in regard to TSP home loans. I am considering retirement in the next year. I am eligible to retire today. If I utilize a TSP home loan now for my primary residence (and planned retirement residence) and retire before the loan is paid in full, will I be hit with a penalty? Can I utilize a one-time payout at time of retirement to pay the loan in full without incurring a penalty?
Q. When I turn 70½ in October 2017, I will still be working. Do I not need to take a 2017 TSP required minimum distribution if I continue to work? If I choose to retire on Dec. 25, 2017, (a nice Christmas present),will I have to take a TSP RMD for 2017?
Q. I just retired last month from federal service. My Ameriprise adviser has advised me to move my TSP (which is about $800,000) over to an IRA with Ameriprise and then move some of that amount over to a Roth with Ameriprise. Can I convert my TSP to a Roth TSP? If not, then should I transfer some, none or all of my TSP over to Ameriprise?