Browsing: TSP contribution

Roth transfers

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Q. Can you transfer Voluntary Contributions into the Roth balance of your TSP account? A. No. Transfers into the Roth TSP are limited to Roth 401k, Roth 403b and Roth 457b plan balances.

Payoff mortgage with TSP

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Q. I am 65 years old and have been retired 5 years from USPS under FERS.  My mortgage balance is $58,500 at 4.5%.   I pay $665/mo. for principal and interest.  The mortgage balance will be paid off in Dec 2023. My TSP balance is $129,000 and all in the G fund earning 2.5%. Right now I take monthly payments of $700 from my TSP.  I am thinking of increasing my monthly TSP payments (during open season) from the present $700 to $2,000.  I would then put an extra $1,200 per month towards my monthly mortgage payments.  I would then pay…

TSP account

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Q. Read your Money Matters columns in the Federal Times and am always intrigued by what advice you put for.  Particularly interested in a column you did for the October 6, 2014 issue, entitled “Why market timing is a sucker’s bet.”  I am a federal retiree with 30 years federal service, and have been retired 8 years.  One of the issues I wish you would discuss, either in association with the above column, or as a standalone, is how retirees can continue to invest, albeit in a more careful manner.

TSP 415(c) annual addition limit

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Q. I recently returned from Afghanistan.  I maxed tax exempt ROTH TSP contributions ($17,500) and made tax exempt Traditional TSP contributions as well.   All contributions were tax exempt between January and June. Upon redeployment, I planned to continue to contribute tax deferred contributions not to exceed $17,500 between July and December in accordance with the 415(c) annual addition limit of $52,000.  However, my TSP contributions were stopped.  DFAS told me I could make NO additional Traditional TSP contributions as I had left the CZTE and was no longer eligible to contribute over the TSP limit. I spoke with a TSP representative and they stated…

TSP G Fund interest

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Q. Can you tell me why TSP G Fund doesn’t earn interest every day? I retired just about two years ago. On the advice of my tax accountant, I consolidated all of my TSP into the G Fund about a year prior to retirement at age 62. I don’t have a lot in the TSP, but it is over $300,000. I created a spreadsheet to track my daily, weekly and monthly interest earned and payouts (that should continue till I am in my 80s). There are no TSP postings on weekend days, but on the next work day interest is posted,…

Admin costs

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Q. How do administrative costs of TSP compare with TIAA-CREF? A. In general, the TSP costs are lower. TIAA-CREF offers a wide variety of investment and plan options and the administrative costs vary among them, so the difference depends upon what, exactly, you are comparing to the TSP.

Loan repayment

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Q. I have approximately $4,500 to repay on a TSP loan. I want to retire in five years, so I’m trying to build up my TSP. Am I better off to let the loan run it’s course, or am I better off putting the additional contributions toward the loan?

TSP re-deposit

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Q. While still employed in the federal government, can I re-deposit the money I have withdrawn to an outside IRA back into the TSP prior to full retirement? A. You may transfer an eligible (contains no after-tax money) IRA balance into your TSP account at any time.

Social Security default

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Q. What would happen to FERS retirees if Social Security defaults? I heard rumors that the CSRS folks will still get paid, but the FERS people will not. Another rumor is that the government can take your TSP G-Fund money, but not the other funds. What should federal employees be doing for such a scenario?

Don't let rational fear lead to irrational action

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If you have any of your Thrift Savings Plan account invested in the C, S or I Funds, you should be nervous. Why? Not because of the Ebola virus, turmoil in the Middle East, the national debt or legislative gridlock. Sure, those are all significant threats to various interests in various ways, but, whether you realize it or not, the threat those pose to stock values are already reflected in the share prices of the various TSP funds. Professional investment managers are not paid to wait for bad things to happen before responding. They are paid to predict the probabilities…

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