Q. I accepted the VERA/VISP offer from my agency in 2017 when I was 54 years old. I will turn 56 in one month. Would I be subject to the 10 percent penalty if I withdraw funds from my TSP account? Are there any other options for me to withdraw funds before reaching the age of 59.5?
Q. I’ll be retiring from civil service in two years and I’ll be 70 years old. Is it worth transferring or rolling over my TSP into a Roth TSP on my day of retirement?
Q. Can I avoid the 10 percent penalty if I file with the IRS for money I need when I retire under disability? The rest of it I want hand over to a firm like Vanguard … will I be penalized?
Q. I am a retired U.S. Postal Service employee under the CSRS system. Upon retiring I took out a partial lump sum withdraw from my account. My retirement adviser informed me at the time that there was “talk” of allowing more than one lump sum withdraw from one’s Thrift Savings Plan account. Any updates or truth to these rumors? Incidentally, I am not yet receiving my annuity from my TSP account, just that initial lump sum payment upon retiring.
Q. Does the new Thrift Savings Plan withdrawal rule where you can choose to withdraw from either the traditional or Roth TSP accounts apply to RMD withdrawals?
Q. If I retire from the U.S. Postal Service at the age of 56 years old with 31 years of service and have 440 hours annual leave and over 2,300 hours of sick leave, what three checks will I get? I know one is pension and one is supplement, but do I get anything from Social Security or the Thrift Savings Plan? And will I lose 5 percent every year until I’m 62?
Q. My husband was a federal employee from October 1962 thru January 1996 and Medicare premiums were deducted from his salary from 1983/4 until his retirement. He retired under CSRS. I know that he is not eligible for Social Security, but is he eligible for Medicare Part A?
Q. I have a balance of $15,000 on my TSP loan. If I stop payment because of hardship, will I be penalized 10 percent? I realize I will have to claim it as income, but the $500 extra would really help me.
Q. I retired in 2018, on Dec. 31, off the books with a buy out. I am 73 and have already been taking the required minimum distributions from a couple of other IRAs. I know I will be required to set up distributions or something with the TSP in and for 2019. Because I retired in 2018 and because I am 73, do I need to take a TSP distribution for the 2018 year before a point in April? And if yes, will that need to be reported as income for 2018 or income for 2019?
Q. How much of my TSP and pension would my wife get if I die after retirement with FERS?