Key Takeaways
Timing your Thrift Savings Plan (TSP) withdrawals properly can help you avoid penalties and optimize your retirement funds.Carefully review the tax implications and withdrawal options available to you before deciding ho…
Roth and Traditional TSP Early Withdrawal Penalty
The Internal Revenue Code imposes penalties in specific instances, one of which is a 10% penalty for early withdrawals from a retirement account. What is too early? It all depends. In the following sections, we…
TSP Withdrawal Options Are Expanding—Here’s How to Plan for Flexible Retirement Income
Key Takeaways
New withdrawal options for the Thrift Savings Plan (TSP) provide greater flexibility for retirees to manage their retirement income in 2025 and beyond.Unders…
Your TSP Withdrawal Playbook: What Federal Employees Need to Know to Stay Ahead
Key Takeaways
Understanding the Thrift Savings Plan (TSP) withdrawal options helps federal employees make informed decisions and plan for retirement efficiently.Strategic planning of withdrawals ensures sustainable income while minim…
Thinking About Taking Out Your TSP? Here’s How to Do It Without a Huge Tax Bill
Key Takeaways:
Strategic timing and proper planning are crucial to avoid a large tax bill when withdrawing from your Thrift Savings Plan (TSP).Tax-advantaged me…
The Pros and Cons of TSP Annuities vs. Monthly Withdrawals
Key Takeaways:
TSP annuities provide guaranteed lifetime income but lack flexibility.Monthly withdrawals offer more control and adaptability but come with the risk of outliving your savings.
T…