Can I Contribute to an IRA if I’m Fully Funding My TSP Account?
I’ve been told that I cannot contribute to an IRA for either 2015 or 2016 if I’m fully funding my TSP account; is that true?
Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
I’ve been told that I cannot contribute to an IRA for either 2015 or 2016 if I’m fully funding my TSP account; is that true?
I am a retired honorable discharged Air Force Reservist. I have a 5 point preference for spending time overseas in a military Campaign. Am I entitled to the Veterans Employment Opportunity Act (VEOA)?
I’ve heard rumors that Congress will be changing how our retirement is computed by mandating a “high-five” calculation, rather than a high-three. Is this likely to happen and, if it does, what will it do to our pensions?
Can I opt out or not contribute to the FERS-FRAE annuity system?
I am planning to retire from federal service soon and will being collecting Social Security as well as my federal pension. I also plan to work part time. Will the income from working penalize my Social Security income?
I’m planning on retiring at the end of May. However, last week my agency announced that it was undertaking a re-organization that is likely to affect the area in which I work. Very often agencies will offer buy-outs during an organization; should I wait for a buy-out?
I am 61 and have heard that I can take my money out of the TSP and place it into an IRA. I have been trying to manage my TSP the best that I can, but, my TSP has lost 20% this past year. Should I place my TSP into an IRA so I can still retire when I want?
My TSP has the same contribution mix: 85% risk and 15% safe funds. What would you estimate are the average earnings for the TSP, and what would be the average earnings of a TSP account with mostly high risk funds?
I keep trying to time the market with my TSP investments, only to end up buying high and selling low. How should I allocate my money into selected funds with the idea of leaving it there to ride out the highs and lows?
I’m a FWS supervisor. Management recently announced that each supervisor now will work only 4 out of ten holidays each year, and will be excused from work on the six holidays they are not scheduled to work. In the past, we get paid if we work or not, and, as a result, were paid holiday premium pay for the time worked on each holiday. Do we have rights in this situation?