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Thread: Monthly TSP Withdrawal Question

  1. #85

    Default Re: Monthly TSP Withdrawal Question

    In past years TSP has only been impacted by holding interest income earnings for the G Fund but they have always made the interest earned payments good. Expect that will happen again this year.

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  3. #86

    Default Re: Monthly TSP Withdrawal Question

    Quote Originally Posted by Scout333 View Post
    In past years TSP has only been impacted by holding interest income earnings for the G Fund but they have always made the interest earned payments good. Expect that will happen again this year.
    Thanks for info passed on by TommyIV
    Treasury Secretary Janet Yellen Takes Measures to Ease Debt-Ceiling Woes


    The Treasury Department will stop fully investing in a government investment in the G-fundin a series of extraordinary measures, or accounting maneuvers, the Treasury Department is taking to keep paying the government's bills.

    “By law, the G Fund will be made whole once the debt limit is increased or suspended,” she said. “Federal retirees and employees will be unaffected by this action.”

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  5. #87

    Join Date
    Oct 2008
    Location
    Stinking desert valley of bad air quality, AZ
    Posts
    2,979

    Default Re: Monthly TSP Withdrawal Question

    Not sure if this belongs under question or should be a new thread.

    On Wednesday 1/25/23 I called the thrift line to stop my monthly withdrawal. About 1 hour on hold. Rep accessed account and stated it showed no monthly withdrawal. Been recieving it since July 2019. She stated she would submit a stop anyway and it may be because "they were getting ready to close down" and I should call back tomorrow.


    The next day I logged in to TSP dot GOV and the option to start a new withdrawal was available so maybe the existing one was stopped?


    No texts or emails about changing anything. I did get an e-mail next day asking about my satisfaction concerning the thriftline experience. I haven't answered it yet.


    Seems as if the new system is missing a lot of stuff from the old system. Not very reassuring.


    Guess I wait and see what happens on the 15th.

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  7. #88

    Join Date
    Apr 2008
    Location
    Cleveland, Ohio
    Posts
    11,576

    Default Re: Monthly TSP Withdrawal Question

    Sure glad I'm not drawing anything out yet. I don't plan too either. I'll transfer all my stuff over to my Edward Jones account before I'm forced to start using it. This new system is so screwed up.
    May the force be with us.

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  9. #89

    Default Re: Monthly TSP Withdrawal Question

    As a new retiree y'all are scaring me!

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