Deferred annuity
Q: I plan on taking a deferred retirement at age 54 with 32 years of federal service in May 2012. I have been in the Federal Employees Health Benefits program since 1985. My wife plans taking a job in...
View ArticleRolling over deferred compensation pretax fund
Q. I have a State of Kansas deferred compensation 457(b) pretax fund from when I worked for the state. Can I roll this into the Thrift Savings Plan without tax consequences? If so, how do I go about...
View ArticleTransferring to a variable or fixed annuity
Q. What would be the advantage or disadvantage to a retiree of transferring their TSP to a variable and/or fixed annuity? What are the issues to look for, if any? A. The main disadvantage of variable...
View ArticlePurchasing private annuities
Q. I am really confused about the purchase of private annuities and when that is a good idea. I am a FERS employee who just turned 59½. I plan on working for another eight to 10 years, as I only have...
View ArticleDirected reassignment
Q. I am 46 with 22 years of service, and have been told that I will soon receive a letter of directed reassignment to a job in my same grade far outside my commuting area. When the letter arrives, if I...
View ArticleAnnuity
Q. I spent 22 years with the Postal Service and quit in 2010 to take another career. I was under FERS. Do I get a pension from the Postal Service, or is that what the Thrift Savings Plan is? And can I...
View ArticleResignation and matching funds
Q. If I resign at age 51 with 25 years of service, will I lose the government matching funds that went into my Thrift Savings Plan? Will I be able to receive a deferred annuity at age 62? What would...
View Article‘Financial services companies’
Q. I am a 60-year-old FERS employee and have decided to retire in March. With $250,000 in my Thrift Savings Plan, I am being courted by insurance companies to buy into their annuities. I can see some...
View ArticleEarly withdrawal penalty and deferred annuity
Q. I am 50 years old and plan to resign in within two years. I will more than 10 years of service, but my minimum retirement age is 56. Sometime after I turn 56, I plan to submit for a deferred...
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