Federal benefits and tax expert, Ed Zurndorfer, provides insight of how to avoid huge penalties, tax liabilities and possible loss of retirement assets — plus some reasons to keep your funds in the TSP or transfer them to an IRA more…
Thrift Savings Plan (TSP)
TSP Loan Rules Since the Roth TSP Was Introduced
Get the latest information on Thrift Savings Plan (TSP) loans — including updates to the rules since the Roth TSP option was introduced — how to apply, important considerations and tax consequences more…
How Recent Changes to Required Minimum Distribution Rules May Affect Future Value TSP Accounts
Federal benefits expert, Ed Zurndorfer, discusses how recent changes in the RMD rules may affect the future value of federal retirees’ Thrift Savings Pan accounts more…
Reminder on TSP Required Minimum Distributions Rules for 2021
The Coronavirus, Aid, Relief and Economic Security (CARES) Act allowed Thrift Savings Plan participants to waive 2020 required minimum distributions (RMDs). But RMDs have not been waved for 2021 more…
Types of Thrift Savings Plan (TSP) Loans
There are two types of Thrift Savings Plan loans: General purpose loan with a repayment… more…
New Method for Making TSP Catch-Up Contributions in 2021
Federal benefits expert, Ed Zurndorfer, describes how the Thrift Savings Plan will implement a new method for catch-up contributions next year — called the “spillover” method — which will apply to all active civilian and uniformed services members age 50 or older. Examples are included. more…
TSP to Increase Automatic Enrollment Contribution to 5%
The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020 more…
Understanding the TSP Life Annuity Withdrawal Option – Part II
Federal benefits expert, Ed Zurndorfer, outlines the advantages, disadvantages and risks of a Thrift Savings Plan annuity. Several practical examples are included. more…
Understanding the TSP Life Annuity Withdrawal Option – Part I
Federal benefits expert, Ed Zurndorfer, discusses what the TSP life annuity is, and how it can supplement a federal employee’s other guaranteed pension income more…
TSP Lifts Restriction on Starting and Restarting Installment Payments Based on Life Expectancy
Federal benefits expert, Ed Zurndorfer, explains how installment payments based on life expectancy work — and what the change in the rule means (with a practical example) more…