Q. I turned 71 on 3 Feb. 3, 2014. I have not taken anything out of my TSP. I am still working, but not for much longer. Will I have to make two RMDs in 2014? Am I subject to any penalties as I stand now?
A. Since you were working, there was no RMD due for 2013. Your first RMD, for 2014, will be due by April 1, 2015. Your second RMD, for 2015, will be due by Dec. 31, 2015. You may take the first RMD, after you retire, in either 2014 or 2015, or split between both. You’ll find more info in the notice at https://www.tsp.gov/PDF/formspubs/tsp-775.pdf.