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.

I Worked Part Time Under FERS; How Does This Affect My Annuity?

October 10, 2017 11:09 AM , Updated October 17, 2017 8:29 AM
I Worked Part Time Under FERS; How Does This Affect My Annuity?

I’m a FERS employee who has worked part time for part of my federal career. How does this affect my length of service and the way my FERS annuity is computed?

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What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?

October 4, 2017 10:26 AM , Updated November 26, 2017 8:17 AM
What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?

Last year I contributed the max to a Roth IRA, but it turned out that my income was too high to contribute. Is it too late for me to fix this?

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What Are the Best Retirement Dates for Law Enforcement Officers?

October 3, 2017 1:08 PM , Updated February 9, 2018 4:24 PM

With respect to the “best” date to retire, are there special considerations for law enforcement officers?

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

September 11, 2017 11:46 AM , Updated September 18, 2017 9:39 AM
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?

August 30, 2017 11:11 AM , Updated September 5, 2017 1:44 PM

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?

August 22, 2017 10:34 AM , Updated August 28, 2017 7:58 AM
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?

August 16, 2017 10:48 AM , Updated August 23, 2017 3:59 PM

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?

August 2, 2017 12:28 PM , Updated August 11, 2017 7:54 AM
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?

July 24, 2017 10:26 AM , Updated July 31, 2017 1:22 PM
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?

July 13, 2017 11:07 AM
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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