Thrift Savings Plan (TSP)

If passed, the legislation would allow federal employees to withdraw funds from their TSP without being penalized if the government shutdown is prolonged, while ensuring that funds could be recontributed later on more…

Thousands of federal employees have left or will be leaving federal service sometime between now and the end of 2025. Ed Zurndorfer discusses the options a separating employee has with their Thrift Savings Plan (TSP) traditional and Roth accounts. more…

Get updated answers on the shutdown’s impact to Thrift Savings Plan contributions, loans and withdrawals more…

Upon leaving or retiring from federal service, Thrift Savings Plan participants can request installment payments from their traditional TSP account. Ed Zurndorfer explains the taxes on this TSP withdrawal option more…

Before deciding to withdraw money from their Thrift Savings Plan (TSP) accounts, TSP participants are advised to be aware of the tax rules. Ed Zurndorfer outlines them for both traditional and Roth TSP accounts, including the IRS reporting rules, withholding taxes, and early withdrawal penalties more…

The Thrift Savings Plan (TSP) announced officially last week that starting in January 2026 TSP participants will be able to convert their money in traditional TSP (pre-tax) balance to a Roth TSP (after-tax) balance. Helpful resources are available on the TSP Roth option more…

Ed Zurndorfer discusses the Thrift Savings Plan installment payment withdrawal option, including the fixed dollar payment amount and a payment based on life expectancy. A practical example is included more…

Ed Zurndofer discusses the Thrift Savings Plan life annuity withdrawal option when an employee leaves or retires from federal service including: how much the monthly payment amount is, the types of annuity options that can be purchased, how to purchase them, and additional features that allow beneficiaries. A practical example and important reminders are included more…

A retired federal employee has several options for withdrawing from their Thrift Savings Plan accounts. Ed Zurndorfer outlines the total distribution TSP withdrawal option including the income tax consequences for traditional and Roth accounts and the pros and cons of direct rollovers to IRAs
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A retired federal employee has several options for withdrawing from their Thrift Savings Plan accounts. Ed Zurndorfer outlines the the partial TSP distribution option including its tax consequences, the limit of distributions allowed, rollovers, and required minimum distributions (RMDs). Practical examples are included. more…