Category: Q&A

Accessing your TSP at age 55

Q&A – Accessing your TSP at age 55

Q&A – Accessing your TSP at age 55 Question Stephen, I was in one of your classes earlier this year and have a question if that is OK. I am retiring the end of December just over MRA at 57. I have 33 years of service. I plan to take the Social Security Supplement. It

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Header image from Should I use my TSP to start a business

Should I use my TSP to start a business?

Q&A – Should I use my TSP to start a business? (This article originally appeared as Ask Bob: Do I Qualify For a TSP Hardship Withdrawal – here) Question My wife and I started a business, but due to COVID, materials, construction prices dramatically increased and permitting delays we have not been able to open

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Q&A – Funding & Replenishing the 10-year bucket

Q&A – Funding & Replenishing the 10-year bucket Question Hi Stephen, I set up the 10-year conservative bucket, as you instructed.  It represents 10-years of investment income.  I love the idea!  I just had some questions:  When do I draw income from the conservative bucket, and do I need to replenish the conservative bucket as some point?  If yes,

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Which retirement account should I take money from?

Q&A – Which retirement account should I take money from?

Q&A – Which retirement account should I take money from? Question Dear Stephen, We have identified a house which isn’t on the market yet but will be soon.  The asking price will probably be 1.5 million and I want to put $650,000 down on it. My question is where/how do I take my money out

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How will my social security impact my CSRS offset pension?

How will my Social Security impact my CSRS Offset Pension? CSRS-offset has got to be one of the more obscure, challenging areas of federal retirement. CSRS-offset retirees have a retirement benefit which combines CSRS and Social Security. The CSRS portion, however, will be reduced by the amount of Social Security earned while employed in CSRS-offset.The

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Q&A: Tax Withholding on a FERS or CSRS Pension

Q&A: Tax Withholding on a FERS or CSRS Pension

Q&A: Tax Withholding on a FERS or CSRS Pension Question Hi Stephen, I’m filling in my retirement paperwork and have a quick question about tax withholding: Federal withholding W-4P:  Do you suggest I just have usual federal tax withheld under my “single” status? State withholding:  should I elect to NOT have state income tax withheld from

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