TSP Hardship Withdrawal Costs


Recently FedSmith’s John Grobe posted a list of ‘TSP Allocation Services’ offering advice (at a subscription fee) for  TSP participants.  This includes the TSP’s own L Funds plus 3rd party allocation service providers.  Among the most popular 3rd party advisers are:

  • TSPsafetynet
  • TSPPilot
  •  TSPInvesting
  • TSPFolio

I’ve been asked by some of the 3rd party TSP allocation advisers above if I would provide a link to their service- Here is my overview and rationale for not doing so below. Continue reading

Thrift Savings Plan Guidance for Federal Furlough

TSP’s Executive Director is having a change of heart.

Recently the Federal Retirement Thrift Investment Board (FRTIB – the group who runs the TSP) announced that it will finally (and they really mean it this time) consider adding a Mutual Fund Window option to the TSP.    FRTIB is commencing a study that will last through 2015 on how best to implement the Mutual Fund Window option.   Continue reading

Federal Furlough Sequestration Survival Guide

Federal Furlough Sequestration Survival Guide

Not taking full advantage of your TSP Benefit?  Hope you like the taste of these in Retirement.

IRS recently increased the amount employees may contribute to their employer’s ‘Qualified Plan’ (That is, 401k, 403b, 457b, TSP… Just about any Defined Contribution Plan that starts with the number ‘4’) to $18,000 per year in 2015 (up from $17,500 in 2014).

Hey, Feds- Does anybody care?  It appears fewer than 1 in 4 of you do… Continue reading





I recently received my annual Domain Name Bill, which reminds me that GubMints.com is now a petulant 2 Year Old!

Year 2 was a change – A new job (private sector) has kept me quite busy.  My Quality of Life has increased as my commute time has been reduced by ~10 hrs per week.

The new gig has removed me from some ‘water cooler’ discussions regarding Fed Benefits that I was more engaged in during Year One, but I still keep an eye on things, as

  1. Federal Travel Regulations affect all of us, and
  2. I am a Deferred FERS Retiree who still keeps watch over TSP and FERS issues like a hawk (again, don’t ask me about CSRS- If you’re retired on CSRS you’ve won the equivalent of the lottery- You should be doing donuts in your Ferrari around the 18th green every day of the week, and twice on Sunday).

So in retrospect, here’s some of my favorite posts from Year Two:

DoD Immediate Retirement Pay – a Wolf in 72(t)’s Clothing

DoD proposed an immediate retirement option that eerily resembles the 72(t) option to withdraw from an IRA.  I think it’s a raw deal.
Who Wants to be a TSP Millionaire? 

There are a handful of TSP Millionaires out there.  Some made it by rolling-in a windfall from their Private Sector career, but some earned it the good-old-fashioned way.  It’s good to hear stories about Federal Employee ‘Turtles’ who were able to win the Retirement Race.

6 Ways to make the Credit Card Company your Poodle

This is how I roll with Credit Cards.  If you pay your bills on time, the Banks who issue Credit Cards hate you with a passion and call you a ‘Deadbeat’ behind your back.  Use my techniques to Stick It to your Megabank.
PlanSmartChoice – A Flawed FEHB Open Season Analysis Tool

PlanSmartChoice is a good place to start when looking at FEHB plans, but there is a darn good reason that over 40 percent of Feds use one of the ‘Blues’ for their Health Plan.
ObamaCare – Veterans Should not Apply

This is the third update to my first post regarding ObamaCare.  The DoD finally issued some guidance in telling its active, retired, and reserve service members that TriCare meets the ‘Minimum Essential Coverage’ requirement, and that TriCare is an alternative to your state’s local ObamaCare exchange.

Hope you’ve enjoyed the Second Act – Let me know what topics you’re interested in using the Comments or Contact section!


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