TSP updates from the experts

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July 3, 2017 – Hosts, Bob Leins and Tammy Flanagan, Senior Benefits Director at NITP, welcome Kim Weaver, Director of External Affairs, and Jim Courtney, Director of Communications and Education, Federal Retirement Thrift Investment Board to the studio.

Today’s discussion will focus on answering the following questions:

  • What does S. 873, the withdrawal flexibility do?  Will Congress act on it?
  • What impact do the proposed cuts in government spending have on the TSP?
  • What are the possibilities of having more flexibility with withdrawals in the future (pro-rata distributions, changing monthly payments amounts more frequently, multiple partial withdrawals)?
  • What are the primary issues that participants face when withdrawing from the TSP?  What can cause a delay?  What do participants need to know about the transition from employee to retiree or from employee to a job in the private sector?
  • Stats!  How many millionaires?  Average account balances?  Any statistics that show trends (moving from TSP to IRA or how many take monthly payments vs annuities)?  How big is the TSP compared to other large employer sponsored retirement plans?
  • Are there any changes in administrative expenses?
  • Security measures?  Any issues that employees should be aware of in regard to safeguarding their TSP accounts?
  • Overview of the conditions for matching contributions for uniformed services participants

To ask a question and have it answered during the show, email us in advance at ForYourBenefit@nitpinc.com or call 202-465-3080 this coming Monday.  Program begins at 10:05 ET and questions are accepted between 10:20 AM and 10:55 AM.