Showing posts with label Required. Show all posts
Showing posts with label Required. Show all posts

Thursday, September 8, 2011

Understanding TSP Withdrawal Options -- Part V: Required Minimum Distributions

An employee who retires from or leaves federal service is not required to withdraw anything from his or her TSP account until he or she becomes age 70.5. But during the year the TSP participant becomes age 70.5 and every year thereafter, the TSP participant is required to make a required minimum distribution (RMD). Federal benefits expert, Ed Zurndorfer, discusses the RMD rules with respect to the TSP and how the RMD is computed



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Monday, September 5, 2011

Required Minimum Distribution Rules for Spousal TSP Beneficiaries

The Internal Revenue Code requires that a Thrift Savings Plan beneficiary begin receiving annual distributions from an inherited TSP account within certain time deadlines. The rules for spousal beneficiaries versus non-spousal beneficiaries are different. Federal benefits expert, Ed Zurndorfer, discusses the rules for a spousal TSP beneficiary



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