Browsing: Uncategorized

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. I am about 10 years from retiring from the federal government and would like more information on Medicare and Social Security. I was thinking about not taking my Social Security until I am 67 years old. My friend said she is applying for hers as soon as she is eligible (62). How do I determine which age is best for me? Are there comparison charts that will show me approximately what my overall benefit would be if I applied for social security at 62 versus 67?

Q. I will be 56 in August, already have 32 years of service at USPS and I am a FERS employee. I started contributing to the Roth TSP 5 years ago. If I withdraw anything from my TSP in 2018, will I be penalized because as I recently found out all dispersals come from both the regular TSP and the Roth proportionally. Do I have to be 59 1/2 to get penalty free withdrawal from Roth TSP or am I good at my MRA + 30 retirement? I thought I had read if you retired on an unreduced retirement that there were…

Q. Will I continue to receive my supplement from the Office of Personnel Management until I reach 66½, at which time I would file for full Social Security benefit, rather than 62? Or does it stop automatically at 62? I want to hold off applying. I transferred from CSRS to FERS midway through my career and fall under WEP.

Q. In hindsight, l mistakenly took out $125,000 from my TSP to invest in another product that didn’t do very well. Of that amount, $25,000 is in a Roth IRA (yes, l paid the taxes on that), and l’m feeling pretty good about leaving that alone. What I’m wondering is (1) can l redeposit the $100,000 back into the TSP having only 18 months before l retire or (2) should l take the money out of the poorly performing account and buy a deferred annuity that will tie it up for about 10 years?

Q. My family and I are covered by the federal BCBS program through my federal position. My wife who is older will be 65, ( I am 57) in a couple of months and has just filed for Medicare A coverage. I asked the local BCBS rep for our agency when and whether she would need to file for the Medicare part B. The BCBS rep said when I retire she would need to file then for Medicare B coverage. My question is, would having and paying for Medicare B with the BCBS policy be redundant coverage? Your elaboration would…

Q. My husband and I signed up for the FLTCIP package a little over 10 years ago and are now in our early 70s.  I’ve set money aside from my inheritance to pay for the premiums, as they would be unaffordable otherwise.  The money I set aside should have been enough to cover 30 years of premiums, but if we can continue to expect huge premium increases every seven years, I will run out of money before I really need the coverage.  Please steer us to resources that can help us make the right decision; i.e., whether to keep one…

When you’re investing for goals, like retirement income, that may be many years off — it can be easy to lose sight of those objectives and become distracted by what’s happening at the moment. Nothing provides investors with a better opportunity to make this mistake than market volatility. Your investment portfolio has been growing nicely and fairly steadily for years and then, for no clear reason and without warning, its value falls — far and fast. One day, you felt good about your TSP’s prospects for supporting a nice standard of living in retirement, and the next day, your confidence…

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