In this video, we’ll talk about what to do with your thrift savings plan and how your TSP works. I’ll lay out a few questions that will help you with your federal retirement plan. The video discusses what happens when kids inherit your TSP and IRA. When TSP passes to a spouse and then to a kid, or any non spouse assets have to be withdrawn out of TSP vs the opportunity to move to an inherited IRA if it were in an IRA. If the primary beneficiary of the original account owner’s TSP was a non spouse, then it could be moved to an inherited IRA but couldn’t stay in TSP.
If you would like to have a discussion with a fee only advisor about what to do with your TSP you are welcome to schedule an introductory call with Brad with the link below.
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Brad, are you planning on updating this, based upon recent changes in the law concerning taking money out of TSP, even if you previously were utilizing a substantially equal payment plan, based upon the IRS 72t rule?