Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
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?
FedSmith.com author John Grobe recently stated that TSP annuities are one of the least popular withdrawal choices for plan participants. One user wanted to know why this was the case. Here is his answer.
An employee who plans to retire on 1/3/2017 wants to know if he has to be off of the government’s payroll by 12/31/16 to receive the COLA. The author provides the answer.
Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).
What is the correct pay when there is an unscheduled shift change for a General Schedule employee?
If a holiday falls on a Monday and that’s my day off, does the holiday move to Tuesday or does my day off move to Tuesday?
I am a 42 year old GS-10 FERS employee with 12 years of service. As long as I work at least 30 years and put 5% into the TSP, will my retirement income be that much different from someone that is a higher grade than me?
Have the low interest rates we have been having for the last several years affected the amount of money a person would be entitled to if he chose the TSP annuity option?
These are some questions and answers that cover basic facts about FEGLI as well as considerations for federal employees who may be wondering what actions they should take during the upcoming open season.
I am at most four years away from retirement and am worried about another stock market decline along the lines of 2008 in light of events such as Brexit and the upcoming elections. Should I stick with a more moderate/aggressive investment approach in my TSP or move into something less risky?
