Browsing: TSP

Q. When I separate from service I don’t want to do anything with my Thrift Savings Plan funds until required minimum distributions are required at age 71.5. What form do I use to let the TSP know my intentions, and when would I file it?

Q. I’m a federal employee under FERS with a little bit of 11 years of service. I retired active-duty Army, receiving retirement active-duty annuity and disability pay from the Veterans Health Administration. I have no loans through TSP and will have a balance of about $95,000 when I intend to retire in June of this year at my minimum retirement age of 56. I intend to depend significantly upon TSP, $1,000 plus a month, until I reach the age of 62, when my Social Security will start paying out. What would be the consequences of beginning receiving monthly payments prior…

Q. I am 38 years old with nine years of federal service and approximately $100,000 in my TSP. I am considering leaving the federal government within the next year and I am not exactly clear on what my options are. I understand that I can either leave the money in the TSP or withdraw it, but my wife and I intend to move back home to southeast Virginia. I have been considering taking approximately $20,000 and putting it toward a down payment on a house and putting the balance in a Vanguard IRA. I don’t know if this is this…

Q. I’m 68, about to retire from the U.S. Postal Service and have $260,000 in the TSP. Trying to choose between a rollover to Edward Jones or keeping in the TSP. I know the fees are high at EJ, but the personal contact is reassuring, and my track record isn’t very good managing my account in the TSP. Advice?

Q. I am 55 and retired CSRS this past January. When it comes to my TSP investment, 50 percent is in G, 40 percent in C, and 10 percent in S. Should I move any or all of my G Fund to C? It goes against the “buy low, sell high” philosophy, but I feel like I would earn more over time before I have to take minimum distribution if I put my G Funds back into C.

Q. I am a few months from retirement. I have a small residential loan (circa $6,000) that I am still repaying, but would also like to take out some more money from the TSP via a general purpose loan just before retirement. This seems worth it to me, even with the eventual tax liability because I could use the extra cushion while my retirement income stabilizes with OPM. I am over 55, so am only going to have to pay the loan values at my regular income tax rate, money which I will set aside. My TSP account is very healthy, as is…

Q. I am a federal employee with 17 years until retirement. I was going to open a 529 college fund for my daughter, but I’m thinking that I should invest that money into my TSP instead … knowing that I’ll retire when my daughter graduates high school. If she gets a scholarship or decides not to go to college, however, the money can be spent elsewhere. Is this a good idea? 

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