Q. I am a full-time federal technician in the Air National Guard. I am 54 years old with 33-plus years of military time and 27-plus years as a federal technician (under FERS). I have recently been involuntarily separated from the Air National Guard. This means I am losing both my full-time technician position as well as my part-time military position. I understand that I will be able to draw my FERS retirement (based on my total federal time) along with the Federal Retirement Supplement. Based on my involuntary separation, am I able to start drawing from my TSP without penalty?
Q. How many years must one work to be entitled to matching funds for retirement? I am a FERS employee with 11 years of service at the Department of Veterans Affairs. I’ve been told one has to have a minimum of 20 years of service to receive matching funds from your TSP. Is this true?
With another potential collision between the U.S. government’s need to borrow money and the limit currently imposed on its ability to do so, I am receiving frequent questions from TSP participants about whether the G Fund is safe from the threat of the federal debt ceiling. The answer is your investment in the G Fund is at least as safe as any investment you’ll find. Whether or not the debt ceiling is raised, the law states that the government must make good on its obligation to G Fund investors. Here is how the TSP explains the debt limit’s impact on…
Q. I retired from the federal government in 2013 (before age 70½) and left my TSP account intact. I will be 70½ this year, but continue to work full time as a college professor. Will I still be required to make a mandatory withdrawal from my TSP account even though I continue to work full time, or is that option only available to those who continue to work for the federal government after age 70½?
Q. If I roll over funds outside of my employer-sponsored plan into my employer-sponsored plan, will these rolled-over monies come under the same required minimum distribution rules as the employer-sponsored plan?
Q. I was just reading about the 59½ rule. I have a TSP account, and my date of withdrawal is Aug. 21, 2017. I don’t know what form to use. Do you have advice on how and which form to use? Also, how long will it take to access the funds? Do I need to start requesting the funds now?
Q. I’m a Department of the Army civilian employee in FERS. I understand that I can defer taking my TSP required minimum distribution, or RMD, at 70½ if I’m still working, but what about a 401(k) I still have at a former, non-federal employer? Do I have to take my RMD from that at 70½?