Q. Which account does my Thrift Savings Plan loan come out of? If I have enough in the G Fund, will TSP take the loan directly from the G Fund, or will it take the money out proportionally? For instance, I want to take a $35,000 loan, and I have enough in the G Fund to cover that loan, and I would prefer that the entire loan come out of the G Fund. But if the loan is taken out proportionally, does that mean 80 percent of the loan comes out of my stock funds, 5 percent out of the F Fund…
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Q. I will retire within the next eight years. When I get ready to withdraw my Thrift Savings Plan, can I do it at various intervals or annually? I hear you may have to take it all out at one time. A. You may withdraw your money as a lump sum or through monthly withdrawals. Visit www.tsp.gov to learn more about your options.
Q. I have a 401(k) plan from a previous job in the private sector that allowed yearly post-tax contributions after the pretax limit contributions had been reached. Can I roll over the post-tax contributions in my 401(k) to the Roth TSP? A. Not unless the funds are held in a Roth 401(k) account.
Q. I would like to roll over my Roth IRA into my Roth TSP. Do you see the government allowing this some day? A. It’s possible, but I can’t handicap the odds. While it would be nice to be able to do this, it shouldn’t be significant in the big picture. If it is, you’re doing something wrong. You should focus on making sure that your Roth IRA is as close to the Thrift Savings Plan in its low cost, simplicity and diversification as possible.
Q. I retired in 2011 before the Roth TSP was created. Can I roll over a private Roth to the Roth TSP? A. No.
Q. I have what’s left of my retirement fund totally in the G Fund, about $35,000. I retired Jan. 31 and will be 70 in July. Can or should I move some or all of it to another fund to enhance (or improve) my benefits? A. It’s impossible to say since the answer depends entirely on your individual circumstances — your goals, resources and constraints.
Q. If I have left the federal government at age 57 and want to withdraw from my Thrift Savings Plan account, is there a penalty? A. No.
Q. I am a 48-year-old GS-14/7 with about $240,000 in my Thrift Savings Plan (I have a little more in a prior 401(k), and my wife makes more than I do but does not have a 401(k) plan…I am willing to take reasonable risks). I have contributed the maximum at 43 percent C, 22 percent S, 25 percent I and 10 percent F for several years and rebalanced each year. Indeed, I stubbornly left it like that during the crash but have recovered nicely. I recently borrowed $30,000 (yes, I know, that is not the best course), at the G…
Q. I have retirement funds in TIAA-CREF. The funds are listed as 401(a) and 403(b) accounts. All are pretax. May I roll over these accounts into my Thrift Savings Plan? I am considering this only for consolidation purposes. A. Yes.
Q. I will be 63 years old in August. I have made a previous partial Thrift Savings Plan withdrawal but need another for a down payment on a home. 1. Can I make another partial withdrawal? If not, what regulation dictates that I cannot? 2. If I can’t make another partial withdrawal and decide to take monthly payments, can I set the monthly payment amount or does TSP have a required monthly distribution rule? And will the remaining balances continue to earn income? A. You are limited to one partial withdrawal during your lifetime. I’m not a lawyer, so you’ll…