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…
This is the first of four FEDZONE columns discussing the withdrawal options that are available to separated Thrift Saving Plan (TSP) participants. In these columns, a “separated” TSP participant means…
Social Security is one of the three components of the FERS retirement. When a FERS employee retires before age 62 under the immediate retirement rules, the FERS employee will receive…