5 Steps to Preserving Your TSP Account During Retirement

Jun 14, 2016

The Thrift Savings Plan (TSP), established in 1986, has grown immensely in size over the last 30 years both in terms of employee participation and assets under management. As of January 31, 2016 there were 3,272 TSP participants worldwide who have TSP accounts worth more than $1 million.

Many federal employees – both under the Civil Service Retirement System (CSRS) and under the Federal Employees Retirement System (FERS) – will be retiring, or eligible to retire, within the next few years. One of the most pressing questions these employees have is how to manage their TSP accounts once they retire for maximum support and minimal penalty.

Please join us Tuesday, June 14, 2016 to review these five considerations for preserving TSP account monies and withdrawal options during retirement:

  • Will you have enough income from your TSP account to pay expenses throughout retirement?
  • Will your TSP savings last your whole life and, if applicable, for your spouse’s whole life?
  • Will you need to provide TSP income for your dependents/heirs?
  • When should you start withdrawing from your TSP account?
  • What are the withdrawal options for best use and preserving of your TSP account?

Presented by Ed Zurndorfer, a Certified Financial Planner and long-time FEND and Federal Soup contributor, this webcast will help TSP participants reach their goal of preserving their TSP accounts throughout their retirement. Bring your questions to this interactive webcast!

Register today!