Chris Kowalik explains how the latest “upgrade” to Thrift Savings Plan may surprise you: what changes, stays the same, and the fee structure for the new investment options
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How to Fix a Missed Required Minimum Distribution (RMD)
A common mistake made with qualified retirement accounts and traditional IRAs is a missed RMD. Ed Zurndorfer discusses the steps to resolve this issue. Practical examples are included more…
How the TSP Calculates the Required Minimum Distribution (RMD)
Ed Zurndorfer explains how the Thrift Savings Plan calculates the TSP RMD, including the different rules that apply in a TSP participant’s first, second and subsequent distribution calendar years more…
When RMDs Can Be Combined and Taken from One Retirement Account
One of the more challenging and confusing parts of the required minimum distribution rules is understanding when RMDs can be combined and taken from one retirement account. Ed Zurndorfer, in the second of four columns discussing RMDs, discusses “RMD aggregation.” more…
Understanding Qualified Charitable Distributions (QCDs): The Importance of Timing to Maximize Tax Benefits
Ed Zurndorfer outlines what a QCD is, which retirement accounts permit them, how it can benefit individuals age 70.5 and older, how the timing of QCDs is important to not losing tax benefits, and potential tax traps more…