TSP Withdrawals at Separation

Separating or Recently Separated from Federal Serivce?

The TSP is a great retirement plan in many ways, but for some folks it might make sense to make a withdrawal/rollover at separation.

Here’s what you need to know.

TSP Withdrawals at Separation
Take Control of your Retirement Savings – One Way or Another!

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Thrift Savings Plan Guidance for Federal Furlough

Thrift Savings Plan Guidance for Federal Furlough

The Federal Retirement Thrift Savings Board (FRTIB)- aka the folks who run the TSP- recently released their update to their Strategic Plan.  Here are some of the highlights (quotes in italics, GubMints commentary in normal  font).

The only down side to the shrinking Customer Base (through Fed attrition and lack of participation by Active Duty) is a possible hike in  TSP fees to compensate for reduced sales volume.

For those arriving late to the GubMints party, make sure you read my gushing post declaring that You and the TSP should be Best Friends Forever.

TSP Customer Base Continue reading


Sorry the GubMints posts have been a bit sparse over the last week or so- I’ve just accepted a new job in Industry, and I’m fully engaged trying to ‘Get a sip of water from the Fire Hose’ as I learn the ropes at the new job.

GubMints posts will be focused on my experiences separating from Federal Service for the next month or so, as I wade my way through the following events: Continue reading


Thrift Savings Plan Guidance for Federal Furlough

The Thrift Savings Plan (TSP) has issued guidance on how TSP accounts will be administered under Federal Employee Furloughs (Sequestration).

Contributions:

  • TSP contributions – Both Agency (Gratis) and Matching- will be throttle back in accordance with what you are actually paid (not ‘base pay’) during furlough pay periods.
  • Can I stop contributing to the TSP?
    Sure.  Just recognize that by stopping contributions, you also stop TSP Matching contributions, which is like leaving free money on the table.  Confused? Here’s more info on the  Types of Contributions to your TSP.

 Can I take a financial hardship withdrawal? Yes, but note:

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