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Thread: Bucket withdraw with L funds

  1. #1

    Default Bucket withdraw with L funds

    My TSP account is currently allocated to 50% in L2020 and 50% in L2030. I hope to retire in 2.5 to 4 yrs. My contribution is also set to 50% in L2020 and 50% L2030.

    When I retire and start to withdraw from my TSP account, may I only withdraw money (say $50K) in my L2020 funds by taking the following steps: 1. move all the money (say $400K) in L2030 to L2020, 2. Withdraw $50K from L2020, and then 3. move $400K from L2020 back to L2030.



    Does this bucket withdraw strategy work?


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  3. #2

    Join Date
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    Default Re: Bucket withdraw with L funds

    Sounds like it should. You would be using all your IFTs for the month doing so. Let others answer before you listen to me. Best of luck.
    PO

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  5. #3

    Default Re: Bucket withdraw with L funds

    Agree. It sounds like you don't use your IFT's anyway, so yes, it sounds like that will work fine.

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  7. #4

    Default Re: Bucket withdraw with L funds

    Quote Originally Posted by tsptalk View Post
    Agree. It sounds like you don't use your IFT's anyway, so yes, it sounds like that will work fine.
    Thank you both for answered my question. I can now keep my L2030 untouched until I withdraw all the money in my L2020 funds.

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