Temporary changes to required minimum distributions — (April 13, 2020) As authorized by the recently enacted CARES Act, we’re making temporary changes related to required minimum distributions (RMDs).
You do not need to make any withdrawals from your TSP account in 2020 to satisfy an RMD, regardless of your age or employment status.
We will not send any automatic RMD payments for 2020.
If you make a withdrawal, we will withhold for federal taxes at the rate appropriate for the type of withdrawal you make, without regard to RMD rules that would otherwise apply. You can transfer or roll over to an IRA or eligible employer plan any otherwise eligible withdrawals you make.
TSP RMD Suspended
Moderator: Aitrus
Re: TSP RMD Suspended
https://www.tsp.gov/whatsnew/Content/co ... anges.htmlspooner4 wrote:Temporary changes to required minimum distributions — (April 13, 2020) As authorized by the recently enacted CARES Act, we’re making temporary changes related to required minimum distributions (RMDs).
You do not need to make any withdrawals from your TSP account in 2020 to satisfy an RMD, regardless of your age or employment status.
We will not send any automatic RMD payments for 2020.
If you make a withdrawal, we will withhold for federal taxes at the rate appropriate for the type of withdrawal you make, without regard to RMD rules that would otherwise apply. You can transfer or roll over to an IRA or eligible employer plan any otherwise eligible withdrawals you make.
"In the land of idiots, the moron is King."
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Tomanyiron
- Posts: 4973
- Joined: Mon Apr 26, 2010 6:39 am
Re: TSP RMD Suspended
That's good, for two years they made me deduct money I wanted to keep invested.
"A good decision is based on knowledge and not on numbers." Plato
"Perfect numbers like perfect men are very rare." Rene Descartes
"Perfect numbers like perfect men are very rare." Rene Descartes
Re: TSP RMD Suspended
Thank you for the information.
Are you an official representative of the TSP?
Are you an official representative of the TSP?
Fund Prices2024-04-24
| Fund | Price | Day | YTD |
| G | $18.20 | 0.01% | 1.34% |
| F | $18.64 | -0.24% | -3.04% |
| C | $79.40 | 0.02% | 6.78% |
| S | $78.08 | -0.18% | 1.28% |
| I | $41.48 | -0.10% | 3.23% |
| L2065 | $15.84 | -0.05% | 4.74% |
| L2060 | $15.84 | -0.05% | 4.75% |
| L2055 | $15.84 | -0.05% | 4.75% |
| L2050 | $31.79 | -0.06% | 3.86% |
| L2045 | $14.51 | -0.05% | 3.68% |
| L2040 | $53.01 | -0.05% | 3.54% |
| L2035 | $14.01 | -0.04% | 3.36% |
| L2030 | $46.69 | -0.04% | 3.21% |
| L2025 | $13.01 | -0.02% | 2.33% |
| Linc | $25.40 | -0.02% | 2.00% |