Federal Benefits Quiz – April 2022

This month’s quiz is about the upcoming TSP blackout period, Roth IRAs, and FERS retirement.

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Created on April 08, 2022 By Benefits Ben

Federal Benefits Quiz- April 2022

1 / 3

In May 2022, TSP withdrawal requests will be suspended…

On Mondays and Wednesdays

Starting May 16th, and until "the first week of June"

Indefinitely

TSP will be suspending withdrawal requests starting May 16th. Read more here: https://stwserve.com/tsp-accounts-will-be-down-for-weeks/

2 / 3

If money from a Roth IRA is used for college expenses, then the “5-year Rule” does not apply.

TRUE

FALSE

TRUE! The 5-year Rule for Roth IRAs is not applicable if the funds are being used to fund the owner’s children or grandchildren’s education. If the money is used for the owner’s education expenses, then it is equally exempted from this rule. Read more here: https://stwserve.com/5-year-rule-for-roth-iras/

3 / 3

Which of the following is NOT considered a “leg” of FERS retirement?

FERS pension

TSP

Social Security

Strategy

None of the Above (ALL are "legs" of FERS)

Along with the FERS pension, social security, and TSP, the “Fourth Leg” is strategy. Read more here: https://stwserve.com/the-strategic-leg-fourth-leg-fers/

Your score is

The average score is 59%

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**Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Benjamin Derge and not necessarily those of RJFS or Raymond James. Links are being provided for information purposes only. Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

Federal Benefits