Which TSP Withdrawal Option Is Best? [Video] - ATC - Aviation Information

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Which TSP Withdrawal Option Is Best? [Video]

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The National Active and Retired Federal Employees Association (NARFE) reports that approximately 88 percent of federal retirees elect to take their Thrift Savings Plan (TSP) savings in monthly withdrawal payments, 12 percent elect a single payment withdrawal and less than 1 percent elect the annuity-purchase option.

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.
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.

In addition, there are many ways to withdraw your TSP savings, however which one will provide sufficient income throughout your retirement years?

In this online video, you can learn how to analyze the pros and cons of each option using a popular software program for federal employees.

To view the video (approx. 10 minutes):

To download the training notes for the video (20-page PDF):

About the Video

The video is provided as a courtesy from Decision Support Software LLC, the developer of the widely used 2010 CSRS / FERS Benefits Calculator and Retirement Income and Expense Analyzer. A free version of the software program is available for new personal users -- which includes more than 80 integrated calculators, inlcuding those for exploring 18 TSP withdrawal options -- and provides a 50+ page retirement analysis report on-screen. More information can be found at: http://www.fedretiresoftware.com/

Posted with permission from: MyFederalRetirement.com

Which TSP Withdrawal Option Is Best? [Video]
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