Government Executive · 26dTaxes and the TSP
With many federal employees unexpectedly losing their jobs, now is a good time to review some essential tax rules.
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Government Executive · 26d
Investopedia on MSN.com · Sep 25, 2019Roth TSP vs. Roth IRA: What's the Difference?
Learn how a Roth IRA and Roth TSP differ. The main difference between the two is that the TSP is for federal government employees.
Government Executive · 5dLook before you leap from the TSP
For federal employees weighing whether to leave the TSP, five certified financial planners offer their insights on what to be aware of and what flexibilities lay in the private markets.
Understanding the Thrift Savings Plan (TSP) and loan options: A guide for federal employees
TSP participants can contribute pre-tax earnings and get matching funds from their employers. If eligible, you may borrow from your own contributions as TSP loans. If you're a federal employee or ...
Federal News Network · 12dTSP tanking? Job in danger? Take a deep breath
Big TSP account, and they had been very aggressive their whole career. So CS&I funds didn’t really have this war chest in place. Well, as we know, the market started going crazy a few weeks ago, and he’s watching hundreds of thousands of dollars peel away and disappear from his TSP.
Breaking Down the TSP Investment Funds
Thrift Savings Plans (TSPs ... The S and I Fund monies are invested in trust funds commingled with other tax-exempt pension and endowment funds. All of the funds are 100% invested in their ...
Military families are ‘making a mistake' if they skip this tax-free retirement account, advisor says
During service, it's smart to make after-tax Roth contributions to a Thrift Savings Plan, or TSP, retirement accounts, he said. Roth deposits are after taxes, but the funds grow tax-free. "
How a TSP Hardship Withdrawal Works
The amount withdrawn must be limited to the immediate need, including any taxes or penalties incurred from the withdrawal. Further, to make a hardship withdrawal, the TSP account must have at ...
What Is the Thrift Savings Plan?
“If you want even more tax flexibility, you can choose the Roth ... TSPs also offer individual TSP funds in five focused yet diversified fund choices to choose from: a U.S. government securities ...
Ask Bob: Should I Take a Financial Hardship Withdrawal from My Thrift Savings Plan?
It is tempting to tap TSP funds for a hardship ... “You will also need to pay taxes on the distribution that comes from the traditional portion of your TSP.” Because of the above ...
Ask Bob: Do I Qualify For a TSP Hardship Withdrawal?
Since you have a recurring negative cash flow, you would qualify. “But then we have to ask whether you should do a hardship withdrawal,” Zelcer cautions. If you are under age 59 1/2, your TSP ...