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.

Can I Deposit an Inheritance I Received Into My TSP Account?

By on September 11, 2017 in Pay & Benefits, Q&A with 0 Comments
Can I Deposit an Inheritance I Received Into My TSP Account?

My Aunt Bertha died and left me a tidy sum as an inheritance. Can I deposit this money in my Thrift Savings Plan account?

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Can I Roll My Spouse’s 401(k) Over to the TSP?

By on August 30, 2017 in Q&A, Retirement with 0 Comments
Can I Roll My Spouse’s 401(k) Over to the TSP?

My spouse is retiring and has over $300,000 in his 401(k) plan. How would he go about rolling this over to the TSP?

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Does the TSP’s Annual Contribution Limit Include the Agency Match?

By on August 22, 2017 in Q&A, Retirement with 0 Comments
Does the TSP’s Annual Contribution Limit Include the Agency Match?

One of my co-workers said the $18,000 annual contribution limit to the TSP includes both his portion and the agency match. Is this a lost savings opportunity?

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What Penalties Would I Face If I Retire at 62 With Less Than 20 Years of Service?

By on August 16, 2017 in Pay & Benefits, Q&A with 0 Comments
What Penalties Would I Face If I Retire at 62 With Less Than 20 Years of Service?

What penalties would I face if I retire at 62 years old but have less than 20 years in service?

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I Took EPA’s Buyout Offer; When Should I Leave?

By on August 2, 2017 in Q&A, Retirement with 0 Comments
I Took EPA’s Buyout Offer; When Should I Leave?

I took the EPA’s VERA/VSIP offer and am wondering when to set the effective date of my retirement.

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Can I Be Considered a CSRS Re-Hire Under a Presidential Appointment?

By on July 24, 2017 in Q&A, Retirement with 0 Comments
Can I Be Considered a CSRS Re-Hire Under a Presidential Appointment?

Can I be considered as a CSRS re-hire? If so, how will my previous CSRS time affect any retirement benefits to which I would be entitled eight years from now?

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Are CD’s a Good Retirement Investment Choice?

By on July 13, 2017 in Q&A, Retirement with 0 Comments
Are CD’s a Good Retirement Investment Choice?

Are CD’s (Certificates of Deposit) a good investment option when planning for retirement?

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Will Working Longer Increase My Social Security Benefits?

By on July 12, 2017 in Pay & Benefits, Q&A with 0 Comments
Will Working Longer Increase My Social Security Benefits?

Will working longer increase Social Security benefits? Here are some key points for federal retirees.

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What Can Federal Employees Do to Prevent Proposed Cuts to Their Retirement Benefits?

By on June 14, 2017 in Q&A, Retirement with 0 Comments
What Can Federal Employees Do to Prevent Proposed Cuts to Their Retirement Benefits?

I’m worried about recent proposed cuts to federal retirement benefits. Is there anything federal employees can do to prevent this from happening?

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What Effect Will a TSP Loan Have on My Ability to Withdraw Funds After I Retire?

By on June 8, 2017 in Q&A, Retirement with 0 Comments
What Effect Will a TSP Loan Have on My Ability to Withdraw Funds After I Retire?

I will be retiring at the end of this year and I have a TSP loan. What effect will this have on my ability to withdraw funds from my TSP once I retire?

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