In this episode, Dan and Ed explain TSP life annuities, including how they work and the factors that determine monthly payments. They also cover the process for purchasing an annuity, the different options available such as single and joint life annuities, level versus increasing payments, and additional features that provide for beneficiaries.
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FedLife Podcast (Ep.150): TSP Annuities Explained – Withdrawal Option 2
Join us as Dan and Ed break down TSP life annuities, how they work, the factors that affect monthly payments, the process for purchasing, and the options available including level vs. increasing payments and features for beneficiaries.
In this episode, you'll discover:
- What a TSP life annuity is
- Key factors that determine a participant’s monthly annuity payment
- How to purchase a TSP annuity
- The different TSP life annuity options available
- Level payments vs. increasing payments
- Additional annuity options that provide for beneficiaries
Source Article:
https://stwserve.com/options-for-withdrawing-funds-from-the-thrift-savings-plan-option-2-tsp-annuity/
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