Get Out of Debt Faster: Pay No Interest For Up to 21 Months
If passed, the Prohibiting TSP Investment in China Act would prohibit funds in the Thrift Savings Plan from investing in any security of a Chinese company more…
Thrift Savings Plan (TSP)
Understanding the Differences and Similarities in RMD Rules Between the TSP and IRAs
Federal benefits expert, Ed Zurndorfer, responds to a reader’s question on required minimum distributions for the Thrift Savings Plan vs. IRAs — plus outlines what TSP participants should do to minimize their future RMDs more…
6 Differences Between TSP and IRAs Federal Employees and Retirees Should Know
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…
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…