Bill Exempting Some Feds From TSP Withdrawal Penalty Becomes Law
The Defending Public Safety Employees Retirement Act has been signed into law. What does this mean for federal employees and their Thrift Savings Plan investments?
The Defending Public Safety Employees Retirement Act has been signed into law. What does this mean for federal employees and their Thrift Savings Plan investments?
The Special Retirement Supplement (SRS) is a payment that is made by OPM and is designed to approximate the amount of an age 62 Social Security benefit that is due to civilian service under the FERS retirement system. How doest this apply to Special Category Employees?
Managers have an important role in developing their employees, and this includes helping their employees become better prepared for retirement. The author lists some steps federal managers can take to help their employees with this important task.
I plan to retire next year under FERS after 30 years of service. I would like to go part time my last several years. How will OPM calculate my high-3 in this case?
The author addresses some common misconceptions that federal employees have when it comes to investing in the Thrift Savings Plan and penalties they might incur for early withdrawals from their accounts. He provides details on some different strategies federal workers can use to avoid these extra taxes.
I am 56 years old and will retire under FERS after 24 years. Can I withdraw a partial amount from the TSP without penalties?
Is it better to roll over the TSP after retirement or leave it in place?
Re-deposit service refers to service where you withdrew your contributions when you left federal service and did not re-deposit them when you later returned. The author describes how this works and provides examples to help you decide whether or not to re-deposit money.
Will I get penalized for being only 56 and taking money out of the Roth TSP when I am eligible to take money out of the regular TSP?
I am 60. I would like to continue to work at least until I’m 62 but if I were to pass away before retiring, would my wife be able to apply for a survivor’s pension based on my being eligible for retirement at the time I died?