Ed Zurndorfer explains how the elective deferral limit may apply to federal employees who contribute to both the Thrift Savings Plan and to another qualified retirement plan such as a 401(k), 403(b), or a 408(k)-retirement plan.
Thrift Savings Plan (TSP)
No Lifetime RMDs for Roth TSP Participants: Ramifications for Current and Future Federal Retirees
Ed Zurndorfer discusses the ramifications of this change from the Secure Act 2.0 for Roth TSP participants who are currently in federal service and federal annuitants who own Roth TSP accounts but are ineligible to contribute to their Roth TSP account
New TSP RMD Rules from Secure Act 2.0
Ed Zurndorfer outlines how the passage of the SECURE 2.0 Act will result in some major changes to the required minimum distribution rules for the Thrift Savings Plan
How Part of Annual Leave Lump-Sum Payment Can Be Contributed to TSP of Retiring Federal Employee
Ed Zurndorfer explains how a portion of a lump-sum payment for unused annual leave hours can be indirectly contributed into a retiring federal employee’s traditional Thrift Savings Plan account. Examples are provided
2023 Thrift Savings Plan Strategies Federal Employees Should Consider
Ed Zurndorfer highlights important considerations for Thrift Savings Plan participants including contributions in both 2022 and 2023, Traditional vs. Roth TSP decisions, and required minimum distributions (RMDs). Several examples are provided.
GAO Agrees to Investigate Problems of New TSP Website
Thrift Savings Plan participants have reported difficulties accessing accounts, discrepancies in account balances, missing or incomplete information, and hours-long wait times to reach customer service since the June roll-out of new features
NARFE Urges Congress to Waive Required Retirement Savings Withdrawals Due to High Inflation
The National Active and Retired Federal Employees Association asked Congress to suspend the requirement that retirees age 72 and older take distributions (RMDs) from retirement savings accounts such as the Thrift Savings Plan
TSP Issues Notice on Changes to Participant Statements
Due to a recent transition of the Thrift Savings Plan’s recordkeeping services, there are several changes that affect delivery of statements — and the way contributions and beneficiaries are displayed
Lawmaker Requests Meeting with TSP to Discuss Ongoing Problems with New Online System
Since the rollout of new features on the Thrift Savings Plan’s website earlier this month, federal employees and retirees ave reported numerous issues including information not being properly transferred and taxes not being properly allocated
What Are the Lifecycle Funds in the Thrift Savings Plan?
Federal retirement expert, Chris Kowalik, discusses the objectives of the L Funds and determining if they are right for you