Q: Next year, I’ll retire with 12 years of federal service and I will be 67 years of age. Should I keep about 225,000 in the Thrift Savings Plan and start required withdrawals at 70½ or purchase an annuity? Do you see any other option, and what is a reasonable exposure to stocks in percentage (C, S and I) at my age, even after retirement? A: The question about whether to continue to manage your TSP account and take withdrawals for income, or use some or all of the money to buy an immediate annuity — through the TSP’s program…
Browsing: thrift
Q: Is it possible for me to invest in gold funds through the Thrift Savings Plan program? A: Not at this time.
Q: As a Federal Employees Retirement System employee, I was told that the limit on Thrift Savings Plan contributions changes once you reach age 50. Is this true? If so, what is the additional amount? A: You’re talking about catch-up contributions, which are an additional contribution (or total amount of annual contributions) that can be made starting when you reach age 50. For 2009, the catch-up contribution limit is $5,500. Check www.tsp.gov for more details.