Page 71 - Foreign Service Journal - March 2013

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THE FOREIGN SERVICE JOURNAL
|
MARCH 2013
71
AFSA NEWS
Make a worthwhile contribution to
the Senior Living Foundation of the
American Foreign Service today.
For more information, please contact the
SENIOR LIVING FOUNDATION
OF THE AMERICAN FOREIGN SERVICE
1716 N Street, NW Washington, DC 20036-2902
Phone: (202) 887-8170 Fax: (202) 872-9320
E-mail:
info@SLFoundation.org
Web site:
www.SLFoundation.org
A time of service…a time of need
The Senior Living Foundation is a tax deductible 501 (c)(3) charitable organization.
Send a check to the Senior Living Foundation
Make a credit card donation via our Web site
Enter our CFC #40530 on your
Combined Federal Campaign Pledge Card
Remember us in your will or Charitable
Remainder Trust
On Jan. 25, Ambassador David Newton spoke on U.S. chal-
lenges in the Middle East to more than 120 persons at a
Foreign Service Retirees Association of Florida luncheon in
Sarasota. Five of the attendees were recognized for their char-
ter membership in the FSRA, which was formalized in 1982.
About a dozen attendees attended the event as a result of
FSRA’s ties with Returned Peace Corps Volunteers chapters in
Florida.
The FSRA holds luncheons fve times a year through-
out the state and also provides speakers on the Foreign
Service and related subjects to interested parties. Mem-
bership is open to persons who have represented the U.S.
government abroad and their spouses or partners. For
more information on FSRA, please visit our Web site at
www.foreignserviceretireeassociation.org.
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ACT I VE AFTER ACT I VE- DUTY
Middle East Lunch Topic
pare that to the average cost
for mutual funds is $2.62
per $1,000 and median
401(k) expenses are $7.20
per $1,000. Your low-cost
TSP investment allows you to
save more.
Withdrawals from your
TSP account have their
own set of rules and par-
ticipants must be aware of
notifcation requirements.
All post-service withdrawal
requests require a notarized
signature of the participant.
Withdrawal forms can be
pre-flled using the online
wizard on the TSP website
and this can help to avoid
mistakes.
Married FERS partici-
pants must obtain a nota-
rized spouse’s signature,
but not for married CSRS
participants. If a participant
has both a traditional and a
Roth balance, all withdrawal
options are paid proportion-
ally (pro-rata) from each
balance.
In order to elect an in-ser-
vice withdrawal, the partici-
pant must be 59½ or older.
It is very important to know
that an in-service withdrawal
is a one-time withdrawal of
all or a specifc dollar amount
of at least $1,000.
For more on managing
your Thrift Savings Plan,
please see the April issue of
AFSA News.
n
BY T. DENNI S REECE , CHA I R , FSRA- FL