Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
Ed Zurndorfer provides a detailed outline of the required minimum distributions (withdrawals) for the Thrift Savings Plan including the required beginning dates under current law, how RMDs apply to the different TSP withdrawal options, and RMDs for TSP beneficiaries. Several practical examples are also included. more…
Recent Articles
Understanding TSP Rollover Rules
Ed Zurndorfer discusses the rollover option of a separated Thrift Savings Plan participant’s TSP account to an IRA or to an eligible employer-sponsored retirement plan – including a 401(k) plan, a profit-sharing plan, a 403(b) tax-sheltered annuity or an eligible 457(b) plan maintained by a government employer more…
Special Considerations for TSP Distributions
Ed Zurndorfer discusses some special considerations for a separated Thrift Savings Plan participant’s distributions from their account including vesting requirements, the TSP mutual fund window, spousal rights, and required minimum distributions (RMDs) more…
Bipartisan Senators Reintroduce Legislation to Keep Chinese Firms Out of Thrift Savings Plan
If passed, the Taxpayers and Savers Protection Act would ban the Federal Retirement Thrift Investment Board from steering federal retirement savings to China and other countries of concern more…
Using the TSP to Fund a Roth IRA
Ed Zurndorfer discusses how a Thrift Savings Plan account can be used to fund a Roth IRA — specifically, the tax-free direct rollover of a portion of a traditional TSP account to a traditional IRA, which in turn is converted to a Roth IRA (a taxable event) more…
Thrift Savings Plan ‘My Account’ Dashboard to Get New Features
The new layout will allow TSP participants to easily view their account balance, rate of return, and year-to-date contributions. Secure mailbox notifications and a personalized to-do list will also be added more…
Using a TSP Life Annuity
Ed Zurndorfer discusses the TSP withdrawal method of a life annuity including how to purchase it, the various options, features available for beneficiaries, and some important reminders when choosing this method. more…
FEHB and Medicare: Helpful Resources from OPM
The Office of Personnel Management offers several resources for federal employees and retirees regarding Medicare explaining how it works with the Federal Employees Health Benefits (FEHB) program more…
Proposed Legislation Would Require FEHB Carriers to Cover Infertility Treatments
If passed, the Family Building FEHB Fairness Act would require Federal Employees Health Benefit carriers to cover in-vitro fertilization (IVF) and assisted reproductive technology (ART) services for federal employees more…
TSP Withdrawal Payments Based on Life Expectancy
Ed Zurndorfer discusses the withdrawal option of Thrift Savings Plan payments for separated participants based on life expectancy. Includes an in-depth example more…