The National Active and Retired Federal Employees Association (NARFE) reports
that approximately 88 percent of federal retirees elect to take their Thrift
Savings Plan (TSP) savings in monthly withdrawal payments, 12 percent elect a
single payment withdrawal and less than 1 percent elect the annuity-purchase
option.
Knowing the pros and cons of the TSP's monthly withdrawal options is critical
to preparing for retirement whether you are retiring this year or 10-20 years
from now.
After years of faithfully contributing your hard-earned money into
your Thrift Savings and carefully managing the allocations for optimal growth,
the last thing you would want is a costly surprise because your contributions
weren't enough to supplement your other sources of government income: retirement
annuity, FERS Supplement, and Social Security.
In addition, there are many ways to withdraw your TSP savings, however which
one will provide sufficient income throughout your retirement years?
In this online video, you can learn how to analyze the pros and cons of each
option using a popular software program for federal employees.
To view the video (approx. 10 minutes) click here.
To download the training notes for the video (20-page PDF)
click here.
About the Video
The video is provided as a courtesy from Decision Support Software LLC, the
developer of the widely used 2010 CSRS / FERS Benefits Calculator and
Retirement Income and Expense Analyzer. A free version of
the software program is available for new personal users -- which includes more
than 80 integrated calculators, inlcuding those for exploring 18 TSP
withdrawal options -- and provides a 50+ page retirement analysis report
on-screen. More information can be found at http://www.FedRetireSoftware.com.
Overview - CSRS
