Browsing: TSP withdrawal

Q. I will be retiring in 2019 under FERS. I’m not a pick fan of annuities but I have read in the past that the MetLife annuity tied into the TSP plan is relatively a good annuity with low costs. I also understand that this MetLife annuity might get even better and easier with the changes now being put into place under the new TSP distribution changes. Can you comment on this specifically?

Q. I retired at age 62 with over $400,000 in my TSP account. I made a lump sum withdrawal in the amount of $120,000 to an annuity IRA account with Pacific Life through Edward Jones, which pays $500 for life and the account balance will never drop below the yearly gain (which holds its value at the account anniversary). The account value is now over $130,000. Upon my death the remaining funds are distributed to my beneficiaries. My Edward Jones financial advisor is suggesting that I consider transferring my TSP balance to an account with Edward Jones. Since I made…

Q. My agency, Veterans Affairs, is firing many employees for performance under the VA accountability act. I have 28 years of service after buying back seven years of military service and am 49. Will I get non-reduced retirement and access to my TSP withdrawals if I am given involuntary separation due to performance?

Q. Under the TSP partial withdrawal option, I can rollover a portion of my balance after I retire to an IRA. There is nothing that tells me when or how I can access the remaining balance. Under the full withdrawal option I can rollover a portion of my balance to an IRA and get the remainder in immediate monthly installments. I would like to rollover a portion but possibly delay distribution of the monthly installments for approximately one year. Can I do this under the partial withdrawal option? I am FERS, 57 years old with 30.5 years of service when…

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