I am 61 and getting ready to retire soon when I turn 62 and can draw my Social Security. It doesn’t appear I will ever need to touch my TSP or IRA, however, I was told I have to spend my TSP when I get older – is this true?
These are some facts about deferred retirement that could be critical for a federal employee.
A TSP participant can designate anyone as a beneficiary to a TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP. The author says it’s important to understand all implications of a spousal beneficiary deciding to keep funds inside of the TSP.
With a significant percentage of federal employees indicating they may quit if Donald Trump should be elected, the number of retirement claims should have surged more than usual in January. That did not happen.
Certain categories of federal annuitants can now make penalty free withdrawals from the Thrift Savings Plan. Here is how to avoid incurring this 10% penalty.
The author says that because the F Fund has benefited from a very long period of declining interest rates, it may shock investors to find out that the fund’s performance could be lower going forward as interest rates rise.
What happens to your benefits as a federal employee if you leave before you are eligible to retire from federal service?
All TSP funds had positive returns in January and for the past 12 months. Here are the results.