Thrift Savings Plan (TSP)

Ed Zurndorfer provides the answers to some of the most often asked questions pertaining to the Thrift Savings Plan and Individual Retirement Arrangements more…

Ed Zurndorfer outlines what federal employees need to consider in December regarding their Thrift Savings Plan options for both 2023 and 2024 more…

The Thrift Savings Plan will use a two-year transition period to conform to new IRS guidance regarding how some federal employees can make catch-up contributions to their TSP account more…

Stopping existing installments and requesting new installments can now be done in the My Account section of the Thrift Savings Plan’s website more…

The class action lawsuit filed last week alleges that the system failed to disburse loan proceeds, send hardship withdrawals, and process death benefits to beneficiaries more…

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…

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…

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…

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…

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…