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Q&A

Our Q&A section features questions that the FedSmith.com authors answer that our readers send to them. We share them here to help you with your federal career as well as planning for your retirement. We encourage you to send your questions to the authors for use in future posts.

Will I Be Forced to Spend My TSP When I Get Older?

By on February 14, 2017 in Q&A, Retirement with 0 Comments
Will I Be Forced to Spend My TSP When I Get Older?

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?

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OPM Releases Additional Hiring Freeze Guidance

By on February 13, 2017 in Human Resources, Q&A with 0 Comments

The Office of Personnel Management has provided an extensive list of questions and answers with additional guidance about the hiring freeze.

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Federal Government Contributes Up to 18% of Employees’ Pay?

By on January 30, 2017 in Pay & Benefits, Q&A with 0 Comments
Federal Government Contributes Up to 18% of Employees’ Pay?

A recent article noted that “the federal government contributes up to 18 percent of federal employees’ pay” to their retirement plan which led to some confusion among FedSmith readers. Here is an explanation.

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Can I ‘Double Up’ My TSP Contributions If I Retire During the Year I Turn 70 and a Half?

By on January 26, 2017 in Q&A, Retirement with 0 Comments
Can I ‘Double Up’ My TSP Contributions If I Retire During the Year I Turn 70 and a Half?

I will turn 70 at the end of 2017 and was contemplating retiring at the end of that year. If I delay retirement until June 30, 2018 (the year I will turn 70 and ½), can I “double up” my TSP contributions and catch-up contributions as if I worked the full year?

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Why Would I Have to Pay More Than $134 in Medicare Part B Premiums?

By on January 25, 2017 in Q&A, Retirement with 0 Comments
Why Would I Have to Pay More Than $134 in Medicare Part B Premiums?

I was told by a colleague of mine that she has to pay more than the $134 Medicare Part B premium. Why is this the case?

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Are There Any Proposed Cuts to Benefits of Retired Federal Employees?

By on January 23, 2017 in Q&A, Retirement with 0 Comments
Are There Any Proposed Cuts to Benefits of Retired Federal Employees?

I am a federal employee who is already retired under CSRS. Are there any proposals for retirement changes that would impact those of us who have already left federal service?

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Why is Inauguration Day Treated Differently Than Other Holidays?

By on January 16, 2017 in Pay & Benefits, Q&A with 0 Comments
Why is Inauguration Day Treated Differently Than Other Holidays?

Can you explain why Inauguration Day is treated differently than other legal public holidays, for “in lieu of” purposes? Some of OPM’s guidance on the holiday is perplexing.

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Why Isn’t the President Giving Federal Retirees a Higher Raise?

By on January 5, 2017 in Pay & Benefits, Q&A with 0 Comments
Why Isn’t the President Giving Federal Retirees a Higher Raise?

Why isn’t the president giving a higher pay raise to federal retirees? I am a federal retiree and seeing current federal employees get a higher raise than me I feel is unfair.

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Will Retiring in the Middle of December Lower My FERS Pension?

By on January 3, 2017 in Q&A, Retirement with 0 Comments
Will Retiring in the Middle of December Lower My FERS Pension?

I understand that there is often a “best date” to retire to maximize one’s pension, but I want to retire in the middle of December 2017 to take my family on vacation. What effect will that have on my FERS pension?

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Can I Withdraw Just Pretax Contributions From My TSP?

By on December 26, 2016 in Q&A, Retirement with 0 Comments
Can I Withdraw Just Pretax Contributions From My TSP?

I have pretax contributions and Roth contributions in my TSP. Now that I have left federal service, can I start withdrawals of just the pretax money so the Roth balance can continue to grow?

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