Navigating the Thrift Savings Plan and Making Tax-Efficient Distributions

This quiz reviews two blog articles: Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans and The HSA ‘Deathbed Drawdown’: Making Tax-Efficient Distributions Of Large Balances (When There Isn’t Much Time). In the first article, Stacy Miller, CFP®, walks readers through the Thrift Savings Plan. This article details the background of the plan and why professional advice can be helpful to federal employees and military servicemembers, especially as military servicemembers transition back into civilian life. She concludes this article with actionable steps that advisors can take to support clients that are participants in the Thrift Savings Plan. In the second article, Ben Henry-Moreland, Senior Financial Planning Nerd at Kitces.com reviews the benefits of Health Savings Accounts (HSAs) along with the pitfalls of having funds remaining in the accounts at the death of the owner. He further explains two strategies for managing HSA funds.