How to close your thrift savings plan?

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LEARN MORE ABOUT: Thrift Savings Plans
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A Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the uniformed services. If you have a TSP and are ready to retire or move on to a different job, you may need to close your account. Here are the steps to follow to close your TSP: 1. Decide on your withdrawal option: When closing your TSP account, you can opt for a single payment, a series of monthly payments, or an annuity. Your decision should be based on your financial goals and retirement income needs. You may want to consult with a financial advisor to determine which option is best for you. 2. Submit a TSP withdrawal request: To initiate the withdrawal process, you need to complete a TSP withdrawal request form. The form is available online at the TSP website or can be requested by phone. You will need to provide personal information such as your Social Security number, TSP account number, and a current mailing address. 3. Confirm your identity and account information: To protect your account from fraud, TSP requires you to verify your identity and account information to process your withdrawal request. You can do this by providing a copy of your state-issued identification or passport, a voided check for the account where you want your funds deposited, and your signature. 4. Wait for approval and disbursement: Once your withdrawal request and identity verification are approved, TSP will process your disbursement based on your selected withdrawal option. The disbursement may take up to several weeks depending on the withdrawal option you chose. Closing your TSP account is an important decision that requires careful consideration of your financial situation and retirement goals. By following these steps, you can ensure a smooth process and avoid any delays or issues with your TSP account disbursement. https://inflationprotection.org/how-to-close-your-thrift-savings-plan/?feed_id=81145&_unique_id=641e6b5288345 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #loan #Retirement #retirementplanning #thriftsavingsplan #tsp #ThriftSavingsPlan #401k #loan #Retirement #retirementplanning #thriftsavingsplan #tsp

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

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