Q. I am looking at my current contributions and comparing Roth, Traditional or a combination of both. In retirement, can I withdrawal from just the traditional side of TSP and leave the Roth alone until later in retirement?
Browsing: TSP contribution
Q. I am a 24-year-old male Marine. I have all my money in the G Fund ($2,500), but I never knew anything about TSP. I never knew the control I had over my portfolio. The only advice I have is what I can remember from my high school economics teacher back in 2010. He told me that while I am young I can afford to invest in riskier funds. As I grow older and get closer to retirement, I need to relocate those to something like the G Fund. So today I put my future investments to go 70 percent, 20 percent…
Q. I’ve taken note of your leanings toward the TSP over external funds. It seems it is the G Fund that you are particularly fond of. Can you tell me the advantages of the G Fund?
Q. I will be retiring from federal civil service in a few years at the age of 71, and I have 2 rollover IRAs from previous employers, plus my current TSP. When I retire, the TSP will be used for G Fund investments only, with equity investments in the IRAs. My TSP balance is not large since I began federal service as a second career. I would like to keep my 2 IRAs fully invested and use the TSP G Fund to fund all my annual RMDs each April based on the calculated total of all three of those tax deferred sources. I…
Q. I’ve been a federal employee for nearly five years now. My previous employer had a Money Purchase Plan and Retirement Savings Plan (401k) that has now totaled nearly $100k via Vanguard. What should I do with those plans since I have not touched them in 5 years? Should I roll them over somehow into the TSP or even an IRA?
Q. I am not a government employee with almost eight years of civil service completed, and 100 percent of what I invest goes into the G Fund. I’m 37 years old. I started investing later, so I am behind, with a current balance of $11,000. Which fund should I have my money going into? I don’t want to work until I’m 70 because I failed to invest properly. I want to see my money grow so that when I do retire, I am comfortable.
Q. I am a 54-year-old federal worker with a sizeable TSP account balance. My 26-year-old daughter, also a federal worker, invests regularly in the TSP. If I leave my daughter my TSP after I die, is she allowed to transfer the inherited portion of the TSP into her own TSP account? If so, is the inherited TSP money treated the same as her TSP contributions? If not, how so?
Q. I am retiring from federal service after 27 years. I am going to roll my TSP account over into an IRA account. I will have an outstanding TSP loan balance of far less than the value of my account, unless I pay it off. If I decide not to pay it off and take a partial distribution next year for tax purposes, will that delay the processing of my rollover at retirement?
Q. TSP adding the Roth allows for the benefits of having a Roth during the accumulation phase, but the TSP Roth totally limits the benefits of having a Roth during the distribution phase. The Roth TSP is separate investment tool from the traditional TSP but during the distribution phase, TSP does not allow you take advantage of having it. I would think most people would be better off with the ability to select the time most beneficial for them to take distributions from the non-tax Roth as well as the most beneficial time for them to take distributions from the taxable…
Q. I am under FERS and 43 years old. I have been working for the government for the last six years at the GS-13 level and plan to retire after age 71 after 34 years of service. I currently contribute the maximum to traditional TSP and have $370,000 in TSP (about 90 percent invested in C, S and I funds, and 10 percent invested in F and G funds). Even if I switch to a Roth TSP, I can still contribute the maximum allowed each year including the maximum catch-up contributions allowed. Under these circumstances, wouldn’t it be beneficial to switch to Roth TSP? I…