WebJun 13, 2024 · For example, single CSRS annuitants who do not have at least 40 credits of Social Security and are not eligible for Social Security benefits pay $134.00 per month if their MAGI was less $85,000 during 2015. But high income federal annuitants pay more in monthly premiums for Medicare Part B. These monthly premiums range from $187.50 to … WebOct 12, 2024 · The TSP, like many other employer sponsored retirement plans, allows a “still working” exception. Minimum distributions are not required to be taken from the TSP if you are still employed ...
Withdrawals in retirement The Thrift Savings Plan (TSP)
WebDec 6, 2024 · Here are two hypothetical examples using the table above. Say your IRA was worth $500,000 at the end of 2024, and you were taking your first RMD at age 73 this year. Your distribution amount would ... WebNov 8, 2016 · Let’s say that you have $325,000 in your TSP and you are age 70; that would give you a required minimum distribution of $11,861.32, or $988.44 per month. This article looks at RMDs from the Thrift Savings Plan and has previously appeared in the TSPSafetyNet newsletter. A previous Fedsmith article looked at the issue of taking RMDs … cannot afford an attorney
Required Minimum Distribution (RMD) Calculation and Table
WebDec 19, 2024 · The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. … WebMar 28, 2024 · Using the new tables, if you turned or will turn 72 in 2024, and your account balance was $100,000 on 12/31/2024, you would use the new table to find that your distribution factor is 27.4 and your ... WebSep 8, 2024 · A required minimum distribution is an amount that must be taken out of the Thrift Savings ... – You cannot aggregate the RMD from your TSP with any other required … fizzy living bills included