Q. I recently read there is a tax advantage if a beneficiary rolls TSP death benefits into an inherited IRA. Can you provide more information on that?
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Q. If I left federal employment and leave my TSP intact, can I roll over any other retirement contributions into it from a private employers 401(k)?
Q. I have recently retired ,and my TSP is allocated in the F, C, G and I funds. Should I now move all of them to the L Fund at once or in increments? What percentage should I be withdrawing if life expectancy is 20 years?
Q. My ex-husband is a civilian for the Defense Department in San Diego. In our divorce, I was given half of his current TSP. The papers have been processed, and the divorce is finalized and finished. I have no idea how to go about getting my share of his TSP. My lawyer is not very good and hardly helps me. She told me to contact his employer … .with what? I have no idea what I am doing. I’ve spoken to him, and he just kept telling me he filled out some papers to get it sent to me. (This…
Q. I am retiring in the next couple of months. Should take out money from my TSP and reinvest it, or should I leave it in?
Q. For a typical retiree (or near retiree), we utilize the TSP funds as well as outside investments. Do you have a rule of thumb regarding how many funds to own for diversification, i.e., how many is too many? Also, what are the best asset allocation calculators to use (free, of course)? Lastly, for the G Fund, in an asset calculator, since that is unique to the TSP, what proxy ticker should I use to represent the G Fund in overall asset allocation evaluations?
Q. I’ll be eligible to retire in September 2021 when i reach age 56 years and 2 months, and have 34 years of service. I’ve been investing money in my TSP since I started working for the federal government, and I switched all of my TSP funds into the L2020 as suggested when the life cycle funds began. I never really thought about it until this year, so I probably won’t retire when i’m eligible since I’ll only be 56. At least that’s what I’m thinking now because I’ll have two kids in college. I know that in 2020, they’re…
Q. I have an outstanding balance of $24,000, and I’m retiring Sept 30. I’m told I will have to repay the loan within 90 days, or it will be treated as a disbursement. Will I have the option of asking it to be declared, say, Nov. 1? I want to keep it in this tax year and make estimated tax payments now.
Q. A newsletter I received states there are several TSP millionaires. What is the general characteristics of a TSP millionaire? Are they in management? Upper G-level ratings? Is it the amount that is allocated and the way in which it is invested? I have invested the total amount that I can, plus investing the total amount to catch up after 50 for 31 years, and I am not close to being millionaire.
Q. Do you have an opinion on subscribing to TSP Advisors? When you subscribe, they are supposed to assist in managing TSP funds. Are TSP financial advisers more beneficial?