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Retirement Planning


Whether you are close to federal employee retirement or just starting out in your career, this is the place to share ideas with your federal colleagues on creating a secure financial foundation.


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Dazed & Confused  
#1 Posted : Sunday, July 31, 2016 7:00:48 AM(UTC)

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I am still employed, and I will begin taking Social Security in 2017 at age 70. I reach 70.5 in February 2018. I want to start taking RMD beginning in 2018 although I may still be working at state agency that has a 457B plan. I know that I must withdraw at the 71 year old rate for 2018, but I am a little confused if this distribution must be taken before April 1, 2018 or can it be spread out in monthly payments. I prefer the monthly payments because the money is still earning interest. Also in subsequent years does the April 1 date still hold true.
peachy1200  
#2 Posted : Sunday, July 31, 2016 1:36:51 PM(UTC)
peachy1200

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To Dazed, I am receiving my RMD and my mixed withdrawal in Monthly payments..
TSP Pays the RMD first (in monthly payments) and after the RMD I receive my withdrawal payments for the rest of the months in the year...This is the way I set up my mixed withdrawals from TSP...
Dazed & Confused  
#3 Posted : Sunday, July 31, 2016 4:38:17 PM(UTC)

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I am no longer in TSP, everything is in my 457B plan with the state. I do not know what you are talking about mixed withdrawals.
peachy1200  
#4 Posted : Sunday, July 31, 2016 5:15:49 PM(UTC)
peachy1200

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Dazed, My apologies.. I misunderstood... I thought you were in TSP... Mixed Withdrawals is a TSP term!! again my apologies!
Not retiring yet  
#5 Posted : Sunday, January 07, 2018 7:01:58 AM(UTC)
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Well, the plan should be telling you how much your RMD will be. Some send you the $$ automatically to prevent you from any penalty. So, I would call them and see how they handle everyone's RMD It might be a lump sum. Second, would be, do not miss the first year, they will take out double the next year.
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