Q. I’m an engineer that so far has three years with the government, I’ve chatted with my colleagues at work about the TSP and how one can really reap the benefits of the program with some good analysis and risk factoring. I have 10 percent of my bi-weekly check go toward the TSP and split my allocations 50 percent G fund and 50 percent C fund. I would like to be more active in seeing my funds grow and was wondering what the best way to do that is? So far, I’ve just been letting the TSP sit and haven’t…
Q. What percentage of all TSP funds are in each fund? That is, where are employees keeping their money? In my office, everyone seems conservative and most have their money in the G fund. Is this typical? A. The TSP releases this kind of information only occasionally, so this is not a question I can answer. I also don’t see how the answer would be of any practical use to a participant. Q. It allows a participant to allocate his money in a manner similar to others. In my workplace, my co-workers come to me for TSP allocation advice. Is…
Q. What percentage of all TSP funds are in each fund? That is, where are employees keeping their money? In my office, everyone seems conservative and most have their money in the G fund. Is this typical? A. The TSP releases this kind of information only occasionally, so this is not a question I can answer. I also don’t see how the answer would be of any practical use to a participant.
Q. I retired several years ago. I receive income from pension benefits and Social Security. In August of 2015, when I reach age 70, I will convert from a Social Security survivor benefit to one based on my own history. All pensions have COLA increases, at rates somewhat less than actual inflation. My pension and Social Security income will probably always exceed my actual expenses, plus I will have additional funds available from RMD’s, in addition to other investments. I have no children, and upon my death, any remaining assets will go to my two sisters, and to charities. When…
Q. I’m a FERS participant and a big supporter of the TSP. I’m not a huge fan of not being able to change distribution amounts more than once a year and not a fan of not being able to choose which fund(s) the distributions come from. Do you think either of these two issues may be modified in the future? A. I know of no plans, but both are possible.
Q. What would happen to FERS retirees if Social Security defaults? I heard rumors that the CSRS folks will still get paid, but the FERS people will not. Another rumor is that the government can take your TSP G-Fund money, but not the other funds. What should federal employees be doing for such a scenario?
Q. I am 25 and just started my TSP and want to invest in a very risky fund. What would be best for risky? Or should I take a different approach or is risky fine for someone my age? I am a risk-taker in life.
Q. If I retire in December under MRA +10 and I’m 59 years old, how long do I have to wait to request a full withdrawal with monthly payments? Also, can I request the same day to take a partial lump-sum withdrawal, or do I have to do them separate?
Q. I am under FERS and contribute the maximum amount into TSP. When I am eligible to retire (57-1/2), do I have to immediately start collecting out of my TSP once retired, or can I roll it over into another bank or institution into a 401K without penalty? And how does one receive payments if I can’t roll it over?
Q. I am a FERS employee and plan to retire in December 2015 at age 68-1/2 with 30 years, nine months of government service. I presently invest my TSP with G Fund 60%, F Fund 10%, C Fund 10%, S Fund 10% and I Fund 10%. Should I switch the money out of the G Fund and invest in C Fund 60%, S Fund 20% and I Fund 20%, as they seem to be doing so much better than the G Fund?