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FedLife Podcast: Taxation of TSP withdrawals with Ed Zurndorfer

04/28/2022

In this episode, Dan Sipe and Ed Zurndorfer discuss everything you need to know about TSP withdrawals so you can make your money work for you.  




FedLife ep. 72: Taxation of TSP Withdrawals

Did you know that any withdrawal from any Thrift Savings Plan (TSP) account is taxable? Once you decide to withdraw money from your TSP, you should understand the consequences that come with that decision.

In this episode, Dan Sipe and Ed Zurndorfer discuss everything you need to know about TSP withdrawals so you can make your money work for you.  

Dan and Ed discuss:

  • The two types of TSP accounts and the penalties for withdrawing from each 
  • What is Financial hardship in-service withdrawal and why it’s important to avoid it
  • The two methods to withdraw from your TSP without the early withdrawal penalty 
  • The two conditions that must be met when withdrawing from the ROTH TSP
  • And more 
Taxation of TSP

Taxation of TSP

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The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.

 

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The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.

 

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