Browsing: RMD

Q. I retired from the federal government in 2013 (before age 70½) and left my TSP account intact. I will be 70½ this year, but continue to work full time as a college professor. Will I still be required to make a mandatory withdrawal from my TSP account even though I continue to work full time, or is that option only available to those who continue to work for the federal government after age 70½?

Q. If I roll over funds outside of my employer-sponsored plan into my employer-sponsored plan, will these rolled-over monies come under the same required minimum distribution rules as the employer-sponsored plan?

Q. I am a SCRS employee who has reached 70½ years of age. Must I take a required minimum distribution from TSP if I am still working and contributing?

Q. I’m a Department of the Army civilian employee in FERS. I understand that I can defer taking my TSP required minimum distribution, or RMD, at 70½ if I’m still working, but what about a 401(k) I still have at a former, non-federal employer? Do I have to take my RMD from that at 70½?

Q. I am a retired federal employee, receiving my annuity, with a balance still in my TSP account. I am a full-time professor at a university with a Teachers Insurance and Annuity Association of America contributory plan, in which I am enrolled. I have reached 70 1/2 years of age. TIAA has indicated that if I rollover my TSP into my TIAA retirement account, that I will not have to make required minimum distribution withdrawals from the TSP funds until I stop working. Is this correct? If so, is there a specific IRS regulation that relates to such a transfer…

Q. I am 72 and still working at the Veterans Health Administration. If i move an outside IRA into my TSP account, will I then avoid the required minimum distribution on the outside account?

Q. I am a FERS employee who will reach 70½ in November 2017. I have not separated from federal service and do not intend to do so for a couple of years. Will I have to make catch-up required minimum distributions for the years I worked past 70½. For example, if I retired at age 73, would I be required to consolidate and withdraw three RMDs the year after I retire to make up for the previously deferred RMDs?

Q. I will be 70½ in October 2017, and I understand I will be required to take my first required minimum distribution from my non-TSP IRAs in 2017, or wait until April 2018 and take two RMDs (the one for 2017 and the one for 2018). However, since I am still a federal employee and will remain so until I retire on Jan. 5, 2018, I believe I will not have to take a TSP RMD for 2017, so I will only need to take a single RMD from TSP in 2018. Is that correct?

Q. I am 69 (I will be 70 on July 5, so I will be 70½ on Jan. 5, 2018). I am doing my homework about taking my required minimum distribution amount from my only IRA. If I take the minimum amount next year (2018) and find that later on I need to take a bit more than the required minimum amount, will I be able to change what I elect to take at 70½? Or is that the set amount forever and can’t be changed?