16 Things Seniors Born Between 1941-1969 Could Take Advantage Of
The new layout will allow TSP participants to easily view their account balance, rate of return, and year-to-date contributions. Secure mailbox notifications and a personalized to-do list will also be added more…
Thrift Savings Plan (TSP)
Using a TSP Life Annuity
Ed Zurndorfer discusses the TSP withdrawal method of a life annuity including how to purchase it, the various options, features available for beneficiaries, and some important reminders when choosing this method. more…
TSP Withdrawal Payments Based on Life Expectancy
Ed Zurndorfer discusses the withdrawal option of Thrift Savings Plan payments for separated participants based on life expectancy. Includes an in-depth example more…
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…