Скачать или смотреть TSP Modernization Act

The TSP took its rather archaic and rigid withdrawal options, which had been around for 30 years, and brought it to the modern era. As of Sept 15th 2019, the TSP Modernization Act is in effect and withdrawing money from your TSP account is now much easier, and comes with more options and flexibility.

With all the changes that came down regarding the TSP Modernization Act, I decided to put together a brief video breaking down the most prevalent changes of the Act. Since the main changes have to do with how you access and withdraw money, that’s where I will focus. While this video is not intended to go line by line as to all of the fine print, I did want to touch on what I consider to be the most important aspects of the act.

If you have further questions regarding the changes to the tsp, the tsp has published a fact sheet under the forms and publications section of tsp.gov entitled PL 115-84. Obviously, when it comes to retirement, there are many things to consider with regards to how and when you tap into your TSP. For most Federal employees, the TSP is their largest asset and we believe that these decisions shouldn’t be left to chance. If you are unsure which option is right for your particular financial situation or you want to better understand the impact that these decisions can have on your retirement, I invite you to contact us anytime.

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