TSP Booklet Questions And Answers With Verified Study Solutions
2 views 0 purchase
Course
TSP
Institution
TSP
TSP Booklet Questions And Answers With Verified Study Solutions
The Federal Employees Retirement System (FERS) has a vested time restriction of 3 years for most and ____ years for congressional and non-career positions.
A. 1
B. 2
C. 3
D. 4 ANS 2
T/F The Thrift Savings Plan (TSP) provides t...
TSP Booklet Questions And Answers With Verified
Study Solutions
The Federal Employees Retirement System (FERS) has a vested time restriction of 3 years for most and ____ years
for congressional and non-career positions.
A. 1
B. 2
C. 3
D. 4 ANS 2
T/F The Thrift Savings Plan (TSP) provides tax advantages such as, before tax contributions and tax deferred
investment earnings. ANS True
What is the acronym CSRS stand for?
A. Civilian Service Retirement System
B. Cultural Service Retirement Socialist
C. Civil Service Retirement System
D. None of the above ANS Civil Service Retirement System
Which of the following is a source of TSP Contribution?
A. Employee Contributions
B. Matching Contributions
C. Agency Automatic 1% Contributions
D. All of the above ANS All of the above
How many sources of TSP contributions are there?
A. 1
B. 2
C. 3
D. 4 ANS 3
T/F Regular employee and Catch-up are the two different types of employee contributions. ANS True
, Over what age will you be allowed additional payroll deductions to catch up TSP?
A. 50
B. 60
C. 50 1/2
D. 60 1/2 ANS 50
TSP withdrawn before the age of 55 will incur an early withdrawal penalty of ____ tax.
A. 5%
B. 8%
C. 10%
D. 15% ANS 10%
T/F TSP Catch-up contributions can be matched. ANS False
TSP Deduction Limits are set at ____ fore regular and ____ for catch up.
A. $5000; $15000
B. $10000; $25000
C. $15000; $5000
D. $25000; $15000 ANS $15000; $5000
T/F There are 5 different types of Individual TSP funds (G, F, C, S, and I). ANS True
Which of the following funds is short term U.S Treasury with no risk?
A. S Fund
B. C Fund
C. I Fund
D. G Fund ANS G Fund
Which of the following is the Bond Index Fund LBA Index?
A. C Fund
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nipsey. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
