Q. I’ll be turning 70½ in 2018 and will start withdrawing my required minimum distribution. My plan is to leave my funds with TSP, then receive the minimum monthly payment and the rest at the end of each year. I’m going to invest a small amount in a balance account. The rest of the money I would like to save for my family. Should I put it in a regular savings account to be safe, or would you suggest something different?
Q. I will be retiring from the U.S. Postal Service in September after 30 years. I started Roth deposits in my TSP in 2014. I know if I withdraw before five years (Jan. 1, 2019), the interest portion from the Roth part will be taxable along with the conventional part. If I withdraw monthly before Jan. 1, 2019, will the interest in the Roth portion become tax-exempt after Jan. 1, 2019, or do I have to wait until Jan. 1, 2019, to start withdrawals to keep the Roth portion tax-exempt later on?
Q. I am a full-time federal technician in the Air National Guard. I am 54 years old with 33-plus years of military time and 27-plus years as a federal technician (under FERS). I have recently been involuntarily separated from the Air National Guard. This means I am losing both my full-time technician position as well as my part-time military position. I understand that I will be able to draw my FERS retirement (based on my total federal time) along with the Federal Retirement Supplement. Based on my involuntary separation, am I able to start drawing from my TSP without penalty?
Q. How many years must one work to be entitled to matching funds for retirement? I am a FERS employee with 11 years of service at the Department of Veterans Affairs. I’ve been told one has to have a minimum of 20 years of service to receive matching funds from your TSP. Is this true?
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. 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. Even though the federal reserve has been steadily raising interest rates lately, the TSP annuity rates have not been matching that pattern (they stay level at best). Shouldn’t the TSP annuity rates be rising, too?