Q. I am a federal employee under CSRS, eligible to retire with max benefits in 2024 (41 years and 11 months) at the age of 60. My TSP distribution is 50 percent L 2020, 15 percent C fund, 15 percent S and 15 percent I funds. At the close of 2018 my balance was $340,295, which reflects a loss of $47,753. Should I move everything to the L Fund?
Q. Currently I have 90 percent in the S fund and 10 percent in the G Fund. Obviously, I’ve lost a lot of the gains we made $57,000 to be exact.I know we are due for a correction, but I have no idea what to do. Move to the L Fund? Move 50 percent to C? If I do those now, do I lose? I retire in 6 years 10 months.
Q. I worked for the U.S. Postal Service as a letter carrier from December 1984 to April 1990. I don’t think I withdrew any of my money from retirement, and now I want to. Also, I participated in the Thrift Savings Plan and I want to withdraw my money from it, too. How do I do this?
Q. I’m 52 years old, with 33 years of service. If I’m offered VERA with a $25,000 bonus, can I immediately apply for the Social Security Supplement at the age of 52? Can I start the annuity from my Thrift Savings Plan at the age of 52? I want to make sure I have sufficient funds to live off of, if I’m not immediately employed by someone.
Q. I will turn 70 on Oct. 7,2019. I will be 70 1/2 on April 7, 2020. Thus, I will not have turned 70 1/2 by April 1, 2020. Will I be able to delay withdrawal from my TSP from January 2021 till 2022, since I will not have turned 70 1/2 by April 1, 2020?
Q. I have been a federal employee for about a decade now and have seen my earning ebb back and forth. What would you recommend doing to preemptively guard earnings for the potential upcoming recession that is making headlines? Which fund is typically the safest?
Q. When I retire I would like to pull money from my TSP (partial lump) to pay back a redeposit owed to my FERS. Can that be done and, if so, is the money taxed or suffer any other penalty? I will be 59 and 4 months upon my retirement Dec. 31, 2019. The redeposit is due 6 months prior to my retirement date. The amount I am paying back is $25,000.
Q. I’m retired and I wanted to rollover a 403(b) from a previous employer to my TSP. The problem is that the 403(b) does not sent a completed TSP-60 with the check. This has happened twice. I receive a letter from the TSP that they will hold the check for 15 days before sending it back to the sender. I know that there is a certain amount of time for having a tax-free transfer but I’m tired of this BS from both companies. Should I just request a full withdrawal from the 403(b) and deal with the taxes?
Q. I have 22 years of federal employment and had $304,000 in my TSP fund. I have always kept 100 percent in the C Fund. With the terrible year of 2018, I have seen all my gains lost and gained throughout the year. Today, 12/10/2018, is yet another terrible day with the stocks falling again since the opening I bell this morning. Today, as of lunch time, my TSP funds have decreased to about $280,400. I am wondering if I should move my money to the G Fund until this tumultuous time is over?