Watch out for Thrift Savings Plan underreporting of distributions!
My mother has required minimum distribution from her TSP.
I thought the annual TSP statement was light on distributions, so I took a closer look- and discovered it only covered the period from 26 May until year-end! The TSP person said it was because computer systems had been changed.
I got stymied trying to get full-year data from both TSP and the credit union, since I'm not the account holder.
Fortunately, I found a TSP deposit statement for one month in 2022, so I can estimate the total distribution for 2022.
BEWARE if you or loved ones are relying on an "annual statement" from the TSP to calculate what to report on tax returns!
= new reply since forum marked as read
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.