Ed Zurndorfer discusses the withdrawal option of Thrift Savings Plan payments for separated participants based on life expectancy. Includes an in-depth example more…
Thrift Savings Plan (TSP)
TSP Withdrawals Fixed Payment Option
There have been numerous changes to the Thrift Savings Plan including withdrawal options. Ed Zurndorfer discusses the various withdrawal methods for separated TSP participants including the fixed dollar amount option more…
Many Thrift Savings Plan Forms Now Online, Some Older Forms Obsolete
The Thrift Savings Plan recently announced that it has created new forms and online tools and declared prior versions of some old forms obsolete more…
Thrift Savings Plan (TSP) Calculators
The TSP website has a variety of helpful online calculators for federal employees that can assist in estimating the growth of contributions, maximizing agency-matching contributions, assessing tax treatment, determining retirement income from withdrawals, and estimating loan payments more…
Exceeding the Annual Contribution Limit to the TSP and to Another Tax-Deferred Retirement Plan
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. more…
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 more…
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 more…
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 more…
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. more…
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 more…