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Video instructions and help with filling out and completing fers lump sum payment
TSP withdrawal options update for 2021 I get a ton of info questions and and just actually people in the lightening means so to speak on various TSP withdrawal options under the new TSP Modernization Act of 2021 I've done videos on this before but I tell you I still get tons of emails about this inquiring in the lake a lady here shared this Ark with me which I've actually talked about before but I'm going to go over it again because it's incredibly incredibly important and obviously with the amount of traffic I get on this is very informative as well people just need to be in the node because there's a lot of money in the TSP and the last thing we want you to do is make a crappy decision that could cost you big time so we're gonna read an article that talks about the TSP withdrawal options and then we're gonna do a second part of this about the TSP taxes that you got to be aware of as well so don't forget to subscribe down below the heritage wealth planning YouTube channel if you like what you see that little ritz rectangle down there subscribe thumbs up comments and share this video with you with folks who are in the TSP the Thrift Savings Plan so let's minimize me here and this is a well my friend sent this to me this is from the the NA RFP which I presume is a National Association of retired federal employees and I'm not sure the date on this let's see if we go down the bottom here it says the date on this guy you know I don't see a date alright anyway but it's good is a good piece of reading I've read this before actually uh to you guys so but we're gonna do it again because it's credibly important right so TSP withdrawal retiring employees seek the strategy that fits their needs and what we're gonna do is are gonna go jump right down to here a variety of choices there are several primary choices for using TSP funds in retirement though there are many variations on them they are leaving the money in the TSP until ages seven and a half when our MDS are required required minimum distributions taking a partial one-time withdrawal taking a full withdrawal as a single lump sum payment often transferred into an are a taking a full withdrawal with a series of monthly payments either in a amount that participant chooses or as a as a newly calculated but a TSP using life or I'm not not an annuity but as a monthly payment is calculated by the TSP using life expectancy tables taking a full withdrawal as an annuity or taking a full withdrawal as a combination of those options I determine which is best for you consider your goals by bus as a guy from first command based on TSP payment.