Q. What is your opinion of the so called “bucket” investment strategy for retirement in the TSP, with a “now,” “soon” and “later” allocation? The now being a three-year time frame in the G Fund for a safe flow of income, the soon 3-5 year in the L-Income that would be less conservative and the later maybe investing in the Lifecycle Fund corresponding to life expectancy for more aggressive growth? I realize the allocations would have to be updated regularly. With such a strategy, would it be best to make adjustments monthly, quarterly or annually?

Q. I already separated from federal service. I have $65,800 in my TSP account. I’m 49 years old. I want to receive substantially equal periodic payments (SEPP) until age 59 1/2 (to avoid the 10 percent penalty). I also want to be able to contribute to the TSP via IRA rollovers from time to time after age 59 1/2. I know I can do an IRA rollover into the TSP as a separated employee, but I don’t know if I can still do a rollover into the TSP after the substantially equal periodic payments have begun. The rationale for this…

Q. I retired from the federal government (Department of Veterans Affairs) on Jan 31, 2018. I did 32 years and retired at 56. I withdraw all my TSP funds and, of course, federal tax was taken out. When I file my 2018 taxes, do I pay the NYS/city taxes? I don’t have enough to itemize.

Q. Will the TSP allow retirement withdrawals by fund allocation? I want to set aside a portion of my account in the G Fund for secure monthly income. I would like to keep the remainder as a growth fund – primarily invested in stocks and bonds. I want to avoid drawing any percentage out of this growth fund during temporary or cyclical market reversals. If this withdrawal strategy is not allowed, is transferring funds out of TSP the only way to achieve my money management goals?

Q. I am currently employed as a full-time career Senior Executive with 24 years of service and two years additional military service. In December 2018, I turned 70 years old; I’ll reach the 70 ½ mark in three months, in June 2019. According to the TSP document “Withdrawing Your TSP Account After Leaving Federal Service” {p 3, Limitations on Leaving your money in the TSP}, I don’t have to withdraw funds until April 1 of the year following the year I retire. However, I will be subject to the RMD because of my age. Because of the tax implications, I plan to…

Q. My spouse and I are both retired CSRS employees with TSP accounts. As a general rule, I know that if one of us dies the survivor can have the deceased member’s TSP balance transferred to their TSP account. We are each the primary beneficiary of the other’s account. How does this work once we are taking RMDs? Say one of us dies in 2020. Does the TSP take the deceased member’s account balance, deduct any RMDs still due to be paid in 2020, transfer the remaining balance to the spouse’s account and send a check for the remaining RMDs…

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