Re: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?

It isn't a contradiction, there are two different scenarios being discussed:

(1) If a retired federal employee passes away and there is no spousal beneficiary, the children or next of kin would have 90 days to rollover the TSP to an inherited IRA. If not done in 90 days, the whole TSP would be taken out as taxable income in a single year. The money moved to an inherited IRA, however, has to be taken out within 10 years, thus lowering the tax hit.

(2) If the spouse of a deceased federal employee has inherited his/her TSP and subsequently passes away, the children who inherit the spousal TSP have to take the whole account as a distribution in a single tax year. That's why you see in the last section of the article that financial advisors recommend spousal beneficiaries move TSPs to IRAs. See Section II.1.E of this TSP bulletin: https://www.tsp.gov/bulletins/14-4/

On Fri, Dec 27, 2024 at 11:18 AM monrodian via groups.io <monrodian=gmail.com@groups.io> wrote:

This should probably be moved  to another thread but:

This article seems to contradict itself. In one sentence it states the kids have 90 days to transfer it to an inherited IRA, in another it says it cannot be rolled over.

_._,_._,_

---

Groups.io Links:

You receive all messages sent to this group.

View/Reply Online (#3843) | Reply to Group | Reply to Sender | Mute This Topic | New Topic
Your Subscription | Contact Group Owner | Unsubscribe [prefander.leadersworkshop@blogger.com]

_._,_._,_

Anda baru saja membaca artikel yang berkategori dengan judul Re: [TSPStrategy] Is anybody worried about the new administration raiding our TSP accounts?. Anda bisa bookmark halaman ini dengan URL https://1stleadershipworkshop.blogspot.com/2024/12/re-tspstrategy-is-anybody-worried-about_30.html. Terima kasih!

Ditulis oleh: Andriansyah -