In this episode, Dan and Ed explain TSP installment payments, including the difference between fixed dollar payments and life expectancy payments. They also cover when and how you can make changes to your installments, key tax withholding rules, and important considerations to help your retirement savings last.
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FedLife Podcast (Ep.149): TSP Withdrawal Options – Installment Payments Explained
Join us as Dan and Ed break down TSP installment payments, the difference between fixed dollar and life expectancy options, how to make changes, and key tax considerations.
In this episode, you'll discover:
- Key questions to ask before withdrawing from TSP
- The three main TSP withdrawal methods
- Fixed dollar vs. life expectancy payments
- Changing your fixed dollar installment payments
- How life expectancy payments are calculated and paid
- What to keep in mind about life expectancy payments
- Withholding rules you need to know
Source Article:
https://stwserve.com/options-for-withdrawing-funds-from-the-thrift-savings-plan-option-1-installment-payments/
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