Q. Three years ago, I let myself be persuaded to withdraw 50 percent of my Thrift Savings Plan and place it in a private qualified retirement account. I did this at age 61, and this was my one-time withdrawal, so there were no penalties. I regret doing this. Before I retire, can I transfer this money back into my TSP without any issues? The other option is to use this private account to purchase a fixed annuity and draw off of it during the first years of my retirement thus leaving the other half of my savings (in Thrift) alone…
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Q: In the article titled, “Make most of your TSP for 2010 retirement savings,” it is indicated that the maximum contribution for 2010 is $16,500. However, I thought the amount was lowered to $16,000 for 2010. Please clarify. A: On Dec. 1, the Thrift Savings Plan confirmed that the 2010 limit will be $16,500.