The SECURE Act 2.0 resulted in several changes to the Thrift Savings Plan and IRAs. Ed Zurndorfer outlines a number of planning issues surrounding required minimum distributions (RMDs) for both active federal employees and retirees
Thrift Savings Plan (TSP)
TSP Updates In-service Age 59.5 Withdrawal Rules
In 2024, the Thrift Savings Plan updated its rules for in-service withdrawals. Ed Zurndorfer outlines the updated rules for TSP participants who make age-based (age 59.5) withdrawals
Coordinating TSP Withdrawals and Receipt of Social Security Retirement Benefits
Ed Zurndorfer discusses how to optimize a plan of when to start receiving Social Security retirement benefits and making Thrift Savings Plan withdrawals
10 Costly TSP and IRA Rollover Errors Federal Employees and Retirees Should Avoid
Many Thrift Savings Plan participants who own traditional IRAs and Roth IRAs choose at some time to rollover their TSP account and/or IRAs. While a rollover does not have to be a stressful experience, rollover errors can be costly. Ed Zurndorfer discusses how federal employees and retirees can avoid ten of the costliest mistakes
Answers to Tricky Tax Questions for the Thrift Savings Plan and IRAs
Ed Zurndorfer provides the answers to some of the most often asked questions pertaining to the Thrift Savings Plan and Individual Retirement Arrangements
End-of-Year 2023 and Pre-2024 TSP Moves Federal Employees Should Consider
Ed Zurndorfer outlines what federal employees need to consider in December regarding their Thrift Savings Plan options for both 2023 and 2024
TSP Catch-Up Contributions Will Change in 2026
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
TSP Participants Can Now Manage Installment Payments Online
Stopping existing installments and requesting new installments can now be done in the My Account section of the Thrift Savings Plan’s website
Participants Sue Thrift Savings Plan for Processing Delays
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
TSP Required Minimum Distributions (RMDs)
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.