New options for federal employees and retirees to withdraw finds from their Thrift Savings Plan went live on Sept. 15. Under the new policy, feds 59.5 years of age and older can make four withdrawals ...
A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...
The truth is, there are hidden layers to your TSP, FEHB, and Medicare that most federal employees don’t uncover until after retirement—sometimes when it’s too late to take advantage. By learning the ...
Editor's note: An earlier version of this article incorrectly said Roth TSP distribution may not be subject to income tax and a 10% penalty under certain circumstances. Tax-free Roth Thrift Savings ...
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How Does a Thrift Savings Plan (TSP) Work?
The Federal Employees' Retirement Security Act of 1986 established the Thrift Savings Plan, or TSP. It is a qualified retirement plan for federal employees and members of the uniformed services. The ...
Public-sector workers with a thrift savings plan (TSP) may be tempted to move their retirement funds elsewhere. TSPs, though generally great products, aren’t flawless and tend to lose their appeal ...
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