Since 2004, September has been designated as “life insurance awareness month” by the nonprofit organization Life Happens (https://lifehappens.org/). Life Happens is dedicated to helping consumers take personal financial responsibility through…
A recent FEDZONE column discussed the RMD rules for a spousal TSP beneficiary participant. This FEDZONE column discusses the beneficiary participant withdrawal rules when a non-spouse is designated as the…
A Thrift Savings Plan (TSP) participant is strongly advised to designate a TSP account beneficiary. By designating a TSP account beneficiary, a TSP participant has control and flexibility who will…
A Thrift Savings Plan (TSP) participant who has separated from federal service (either left federal service or retired from federal service) must begin to take TSP required minimum distributions (RMDs)…
One of the provisions coming out of the recently passed “One Big Beautiful Bill Act” of 2025 (OBBBA) has resulted in enhanced tax savings for some charitable donors, lowered tax…
Over the past five years, many federal employees and retirees have inherited IRAs from relatives and friends. But as a result of the passage of the original SECURE Act in…
By law, a Thrift Savings Plan (TSP) participant’s spouse has certain rights to the participant’s TSP account. These rules apply to withdrawals even if the TSP participant is separated from…
This is the third of four FEDZONE columns discussing the withdrawal options that are available to separated Thrift Savings Plan TSP) participants. In these columns, a “separated” participant means a…
This is the second of four FEDZONE columns discussing TSP withdrawal options that are available to all separated Thrift Savings Plan (TSP) participants. In these columns, a separated TSP participant…
Qualified Charitable Distributions (QCDs) first became available in 2006 to individuals aged 70.5 and older. QCDs were initially available only through the 2007 tax year. But Congress extended the December…