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TSP Summary

| September 15, 2018
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  • TSP = Thrift Savings Plan via TSP.gov
  • Federal Employee “401(k)” Retirement Plan
  • 10 Available Investments to Select
  • 5 Letter Funds (C, S, I, F, G)
  • 5 Lifecycle Funds (L Income, L 2020, L 2030, L 2040, L 2050)
  • 5% Agency Match
  • “Traditional TSP” (Pre-Tax) vs. “Roth TSP” (After-Tax)
  • $18,500 Annual Contribution Limit if Under 50 years old
  • $24,500 Annual Limit If Over 50 years old
  • 10% Penalty if Withdraw Funds Before 59 ½ years old
  • 10% Penalty May Be Waived if Retire @ 55 years old
  • One Eligible “In-Service Withdrawal” from TSP if Over 59 ½
  • If Retired & Over 70 ½, Required Distributions Must Begin (RMDs)

 

NEXT STEP

  • CONTACT ME TO CUSTOM BUILD YOUR TSP ALLOCATION

DUSTIN JAVIER, CFP® AWMA®

CERTIFIED FINANCIAL PLANNER™

President | Dean Johnson Advisory, LLC

[Phone] 630.802.1142

[Email] djavier@djadvisory.com

[Website] www.djavier.com

 

This publication is not affiliated with nor endorsed by the Federal Government. Employees should consult with their Human Resources Department for further information on plan details including eligibility and questions regarding any additional benefits not covered in this article. Employees should consult with their tax professional regarding their personal tax situation.

Securities and advisory services offered through Ausdal Financial Partners, Inc. Member FINRA/SIPC. 5187 Utica Ridge Rd., Davenport, IA 52807. 563-326-2064.

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