Internal Benefit Advisors

Federal Employees, Decisions regarding Retirement can be complex and mistakes could cost you thousands over a lifetime. Please take advantage of our compliment...ary, no-obligation download to learn how other federal employees are maximizing their TSP retirement benefits! --> https://www.yoursvp.com/ZAMPEB See more

Be in the KNOW about your TSP Sub Accounts BEFORE NEW LEGISLATION OR ADMINISTRATION IN THE WHITE HOUSE! Market's may be volatile after the election. Make sure you are protected. Internal Benefit Advisors offer free benefit reviews to Federal Employees. Approved vendor of the Federal Government. Call us today to schedule a 20 counseling call to go over all accounts with you. Or you can click on the scheduling link below. 800-484-5993 or click on the link below to schedule your no cost Federal Benefit Review.

Starting Jan. 1, 2021, the Federal Retirement Thrift Investment Board (FRTIB) will implement a new method for catch-up contributions, called the spillover method. Spillover of TSP contributions will apply to all active civilian and uniformed services members age 50 or older during the current calendar year. The spillover method will help simplify the TSP catch-up program for both participants and agencies or services. Current TSP Catch-Up Contributions Program Under the c...urrent catch-up TSP program, TSP participants have to make a separate affirmative catch-up election every year by submitting Form TSP-1-C (Catch-Up Contribution Election) (Form TSP-U-1-C for uniformed services members) or electing to make catch-up contributions through their electronic payroll systems. Payroll offices then submit catch-up contributions to the TSP on special payroll records indicating that the contributions are specifically designated as catch-up contributions.. In addition, TSP participants are required to certify that they plan on meeting the Internal Revenue Code (IRC) 402(g) elective deferral limit for the year ($19,500 during 2020) in order to make the catch-up contributions; however, this requirement is not always clear to participants or agencies. One associated problem is when FERS-covered participants make catch-up contributions without meeting the IRC elective deferral limit, they could miss out on agency matching contributions. New TSP Catch-Up Contributions Program Starting Jan. 1, 2021 Therefore, starting Jan. 1, 2021, the TSP will no longer use forms Form TSP-1-C and TSP-U-1-C or the special payroll records that designate contributions as catch-up. Participants will no longer separate catch-up elections in electronic payroll systems either. Employing agencies will submit catch-up contributions on the same payroll records used to submit the equivalent record for regular contributions. Those contributions will continue until catch-up eligible participants reach the combined annual elective deferral and catch-up limits for the year. For the year 2021, the TSP recently announced that for the year 2021, the annual elective deferral limit will be $19,500 and catch-up contributions will be limited to $6,500 for a total of $26,000 for employees over age 49 at some time during 2021. The TSP system will determine if a TSP participant is eligible to make additional contributions toward the catch-up limit based on the participant’s date of birth. A participant is eligible to make catch-up contributions in any year in which the participant is age 50 or older, including the year in which the participant is age 49 at the beginning of the year, but becomes age 50 anytime during the ye

The current Presidential Candidates have very different views and plans for taxes and capital gains tax. Get your no cost TSP review today and make sure your money is safe! Call or schedule today. 800-484-5993.

Be in the KNOW about your TSP Sub Accounts BEFORE THE ELECTION! Market's may be volatile after the election. Make sure you are protected. Internal Benefit Advisors offer free benefit reviews to Federal Employees. Approved vendor of the Federal Government. Call us today to schedule a 20 counseling call to go over all accounts with you. Or you can click on the scheduling link below. 800-484-5993 or click https://www.yoursvp.com/a0c0baf1-1892-4d52-b566-f8e907a5dad7

Another Five star review for Internal Benefit Advisors LLC. Thank you Rober for the great 5 star customer review!

Another Five star review for Internal Benefit Advisors LLC. Thank you Brenda for the great 5 star customer review! "I love Internal Benefit Advisors! They are very professional, excellent communication and very knowledgeable. I am amazed at how a few small adjustments can make huge impact to a retirement plan! Every federal employee needs to sit down with an Advisor!! Thanks for being a great advocate!"

Another Five star review for Internal Benefit Advisors LLC. Thank you Shane for the great 5 star customer review!

Another Five star review for Internal Benefit Advisors LLC. Thank you Richard for the great 5 star customer review!

Another Five star review for Internal Benefit Advisors LLC. Thank you Dianne for the great 5 star customer review! "They were very knowledgeable and patient with helping me fill out the paperwork. I would recommend them to everyone "

Internal Benefit Advisors are doing online no cost benefit reviews. Safety is our top priority. Get a custom review of your TSP from the comfort of your own home. Call us today to schedule. 800-484-5993 and gain control of your money and your future. #federalbenefits #tsp #postalworkers #federalemployees #retirement #retirementplanning

Many pleased clients. Internal Benefit Advisors is a government approved vendor and we pride ourselves on helping Federal Employees understand their benefits, their FEGLI, TSP and sub accounts.Call us today 800-484-5993. Call us today for a no cost benefit review and be in the KNOW about your retirement.

Get your No Cost Federal Benefit Review today. Be in the KNOW about your benefit packages. Every government employee should have this education and be able to strategize their retirement planning. Call us today and schedule your no cost review. 800-484-5993. #employeebenefits #financialplanning #retirement #thriftsavingsplan #federalemployees #postalworkers #faa #pensions #lifeinsurance #federalgrouplifeinsurance http://internalbenefitadvisors.com//exceptions-to-the-tsp/