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The TSP is possibly the most inefficient account to use for a down payment and to pay for college. Savings in an individual account or a Roth IRA would be much better for the down payment as well as paying for college. A 529 plan would also work well to pay for college.

With the TSP, you are exempt from the early withdrawal penalty if you separate from federal service in the year in which you reach age 55 or later. For IRAs, the early withdrawal penalty will apply on anything you take out up until you reach the age of 59 ½.

A thrift savings plan (TSP) is a type of retirement investment program open to federal employees and members of the uniformed services, including the Ready Reserve. The TSP is a defined-contribution plan that offers federal employees many of the same benefits that are available to workers in the private sector.

If you expect to have a higher income later in your career, or in retirement, then a Roth TSP is a great fit. ... For those that expect to be in a higher tax bracket in the future, it is a good idea to pay taxes today in return for tax-free future income.

The TSP status date is the date an employee attained his or her current TSP sta- tus. Agencies assign these dates to FERS or CSRS employees, as described in the following chart, and report the dates to the TSP on EDRs.

The annual contribution limit in 2019 for the TSP will be $19,000. That is up from $18,500 in 2018, a 2.7% increase. This limit also applies to 401(k), 403(b), and most 457 plans. The catch-up contribution limit for employees aged 50 and over who participate in the TSP remains unchanged at $6,000.

The Federal Retirement Thrift Investment Board (Agency) has revised Form TSP-19, Transfer of Information Between Agencies. ... A copy of this form, which agencies must reproduce locally, can be downloaded from the TSP website. Instructions for completing Form TSP-19 are on the form.

The TSP Service Computation Date (TSP-SCD) is the date, either actual or constructed, which marks the beginning of a FERS TSP participant's Federal service.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
TSP-19
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