Federal benefits expert, Ed Zurndorfer, explains the major surprise: The IRS’ interpretation of how the 10-year rule for required minimum distributions applies to certain individual retirement accounts and workplace retirement plan beneficiaries more…
Thrift Savings Plan (TSP)
House Passes Bill to Increase Catch-Up Contribution Limit and RMD Age for TSP Participants
If signed into law, the SECURE Act 2.0 would increase the required minimum distributions age and increase the limit on catch-up contributions to qualified employer-sponsored retirement plans such as the Thrift Savings Plan more…
TSP’s Proposed Mutual Fund Window Would Have More Fees, Restrictions
Proposed rules published in the Federal Register outline an annual maintenance fee, per trade fees, plus limits and requirements for fund transfers more…
TSP Likely to Offer Mutual Fund Window Including Climate Friendly Options in 2022
The window will allow TSP investors to allocate funds in their account to more than 5,000 investments more…
The Importance of Naming a Successor Beneficiary to TSP and IRA Accounts
Federal benefits expert, Ed Zurndorfer, discusses the various considerations when designating a beneficiary if the primary beneficiary predeceases the account owner more…
Understanding the 5-Year Rules for Roth Accounts
Since their creation in 1998, there are still numerous questions surrounding the “5-year rules” for Roth accounts. Federal benefits expert, Ed Zurndorfer, explains these rules for Roth Thrift Savings Plan distributions, Roth IRAs, traditional TSP transfers to Roth IRAs, and conversions of traditional IRAs to Roth IRAs more…
TSP Participants Can Now Submit Withdrawal and Loan Forms Online
Thrift Savings Plan participants can find an up-to-date list of TSP forms that can be completed and uploaded online more…
How Traditional IRAs Can Bolster Traditional TSP Accounts
Federal benefits expert, Ed Zurndorfer, describes how traditional IRAs can help boost the value of a traditional TSP participant’s account while the participant continues working in federal service and after the participant has retired from federal service more…
Legislation Introduced to Ban TSP Investment in China
If passed, the Prohibiting TSP Investment in China Act would prohibit funds in the Thrift Savings Plan from investing in any security of a Chinese company more…
Understanding the Differences and Similarities in RMD Rules Between the TSP and IRAs
Federal benefits expert, Ed Zurndorfer, responds to a reader’s question on required minimum distributions for the Thrift Savings Plan vs. IRAs — plus outlines what TSP participants should do to minimize their future RMDs more…