Q. Do you have suggestions as to any good books/blogs/websites to read in order to understand how to properly allocate my TSP funds? I am 26 years old and have been working in the federal sector for a little over a year. From everything I have read so far, I should invest most of my allocations into the C, S and I Funds because I can afford to take risk. I would like to know of any material that discusses TSP allocations in more detail.
Q. Where would I find the actual holdings in each of the TSP funds? What stocks, bonds, etc., are in the Target Funds, etc.? For financial planning, the firm we have hired would like a breakdown of what I’m holding in my account.
Q. I was wondering if I would have to pay the 10 percent penalty to make a partial withdrawal from my TSP to pay off my mortgage. I’ll be 56 years old with 32 years of federal service when I retire.
Q. I am currently a CSRS employee with 37 years of service. I plan on retiring in two years and would like to make a withdrawal from my TSP to pay off the remaining balance on my child’s college tuition and possibly pay off a few other debts to be able to retire without debt. Is there any advantage to, or advice you can give on making a lump sum withdrawal and pay off the debts immediately versus a monthly withdrawal covering the debt amounts until the debts are paid off?
Q. When I retire on December 31, 2018, I will have over 400 hours of combined compensatory time and annual leave. If I cash this in at retirement, I understand it may not be paid out until 1-2 months after retirement. As a result, will it be considered earned income for 2019 that will result in a reduction in my FERS annuity supplement for 2019?
Q. When I left the government for six years I pulled out my retirement under CSRS. I since have returned back to the government for the last 17 years. Since I was taxed on it when I pulled it out, can I report it on my taxes as paying back into my retirement?
Q. Can I separate the federal service at 45 years of age (firefighter) with 20 years of creditable service (+4 years military by back) totaling 24 years of service. Then later apply to draw my FERS firefighter retirement of 38 percent when I reach the eligible firefighter retirement age of 50? Would I still receive my Social Security supplement and Thrift Savings Plan benefits without penalties?
Q. I have been out on workers’ compensation since 2010 and am now in a dire financial situation. From reading some of the rules from the Thrift Savings Plan handbook, it says that I have to be separated in order to withdraw part or all money from my account. Would I be able to withdraw a portion while receiving workers’ compensation benefits?
Q. I am a federal air technician with the Air National Guard. I have been a federal full-time technician since June 10, 1991. I bought back my Air Force active duty time from 10 Dec 86 – 9 Mar 91. I am in FERS and have a minimum retirement age of 56 years and 2 months. I will be 53 next year. It has been communicated to me that I will probably not be retained next year, meaning that May 13, 2019, I will be involuntarily retired, thus losing my full (technician) and part-time (traditional Guard) employment. I will be four months shy…
Q. I am 53 and under FERS with 30 years of service. I plan to retire at 56 and do real estate full time. Do real estate commissions that I make count against the Special Retirement Supplemental?