H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401(k)-equivalent retirement account for Federal employees. H.R. 3031 ...
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TSP Roth conversion: Tax rules and examples
Federal employees with traditional Thrift Savings Plans can now convert money to a Roth TSP. This moves their future qualified growth and withdrawals into tax-free territory, but creates a substantial ...
You know those announcements about “find lost money” and “unclaimed property?” They’re kind of cool. I once discovered that my brother-in-law had an unclaimed utility deposit from college. While not ...
If you are thinking about cashing out your Thrift Savings Plan (TSP) when you leave the uniformed service, think twice. Or maybe three times. You might be about to forsake a financially secure ...
You may be leaving the military, but that doesn’t mean you have to leave the Thrift Savings Plan. Here are a few reasons why you should continue to use TSP: Saving for retirement is not free and some ...
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