Q. I am in the middle of a divorce after 30 years, and my husband’s attorney has requested my TSP statement and a document verifying the benefit and a current plan summary and description of my FERS account. Is my husband entitled to both of my pension benefits and my FERS account?
Browsing: TSP
Q. I am a current employee with U.S. Customs and Border Protection (under the purview of the Department of Homeland Security) with 13 years of service. I am considering transitioning to a part-time (20 hours) position with the Department of Veterans Affairs. Will I still be able to contribute to TSP? Can I contribute the maximum? Are there matching funds when you work part time? How will my part-time service reduce my retirement calculation? I am trying to gain more work-life balance and want to understand the financial ramifications before I make any decisions.
Q. How do I file a complaint against TSP for not releasing my funds to me? I joined in August, then submitted my cancellation for return of funds on Nov. 22, 2016, to meet the Nov. 23 deadline. Then TSP mailed a letter saying my form failed to include my TSP account number, so it was not processed. I re-faxed it. TSP now says that because they did not receive the revised form until Dec. 16, it will not return my funds. Clearly, TSP had notice of my withdraw before Nov. 23.
Q. I am currently investing in the TSP L Fund 2020 but still have money I previously invested sitting in C, F and G funds. Should I be transferring the individual funds into my current L Fund 2020 where I am now allocating 100 percent of my funds?
Q. You often express the virtues of the TSP, such as simplicity and low fees, but you also cite that the TSP offers eligible investors (i.e., federal employees, retirees and survivors) the unique G Fund. Besides being composed of “special-issue” Treasury bonds, can you elaborate on why the G Fund is a unique and valuable tool for managing ones portfolio and how one can best use the G Fund?
Q. If I took a withdrawal at 59½, retired at 60 and started taking monthly withdrawals at 61, can I take a partial lump sum after retirement from TSP?
Q. I’m retired, and for 2017, I increased the amount I’m taking out in monthly TSP withdrawals. I received a letter today from TSP acknowledging my payment had increased, the correct amount and the number of months these payments are expected to last. The letter went on to say if my payments are expected to last less than 120 months, they’re considered eligible rollover distributions, not periodic payment for tax purposes. I really don’t know what this means, but somehow I suspect it means I’ll pay more in taxes. Can you shed light on this?
Q. I’m 52 years old with 31 years of U.S. Postal Service time. I am contemplating leaving my federal job early. I know my minimum retirement age is 56. I would like to keep my health insurance and life insurance for my family. What are my options at this point? Deferred or postponed? Will I be able to still receive my Social Security supplement at 56? What about the money in my TSP and FERS accounts?
Q. I would like to buy into the G Funds. However, I work for the State of California and not with the federal governemnt. Is the G Fund accessible outside of the TSP account?
Q. If I elect a set monthly withdrawal instead of an annuity, what happens if I should pass away before I have taken all of my TSP? Do I have to take the annuity option for my spouse to receive any survivor benefit or the remaining balance?