The author says that it is imperative that federal employees be fully aware of and ready to access the multitude of available compensation options at their disposal when the need arises (such as a medical disability) so they can secure their financial futures. He provides an overview of some of these important available options.
The author says that many federal employees have fixated on the age 59.5 with respect to supplementing income from the TSP without penalty. However, he says there are other options for accessing your money if you retire before this age.
CSRS Employees: Should You Deposit Money to Cover Temporary Federal Employment Early In Your Career?
CSRS employees often ask, “Should I deposit money to cover temporary time early in my career?” The author provides some considerations to help answer this question.
With all the talk about the TSP possibly opening up a mutual fund window and expanding withdrawal options, you may have forgotten that the TSP also offers a Roth option. The author describes the basics of how the Roth option works to help you decide if it is right for your situation.