The National Active and Retired Federal
Employees Association (NARFE) reports that approximately
88 percent of federal
retirees elect to take their TSP savings in monthly
withdrawal payments, 12 percent elect a single
payment withdrawal and less than 1 percent elect the
annuity-purchase option.
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Knowing the pros and cons of the TSP's
monthly withdrawal options is critical to preparing for
retirement whether you are retiring this year or 10-20
years from now.
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After years of faithfully contributing
your hard-earned money into your Thrift Savings and
carefully managing the allocations for optimal growth,
the last thing you would want is a costly surprise
because your contributions weren't enough to supplement
your other sources of government income: retirement
annuity, FERS Supplement, and Social
Security.
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In addition, there are many ways to
withdraw your TSP savings, however which one will
provide sufficient income throughout your retirement
years?
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Click here to view the free
video
Click here to view and print
the video training notes
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Federal
Benefits - Video Training
Series |
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