Greetings all. For anyone who has gone through the process of leaving the Federal Government and requested a FERS contribution refund (to include interest earned), I have a few questions.
What are the benefits to leaving the FERS contribution (accruing interest) upon separation of the Federal Government?
If I roll over my contribution portion of FERS to a current Roth IRA, and the interest earned is considered taxable (which can be transferred to a traditional IRA), does this mean I would have to keep my TSP open in order for the interest earned component of the FERS refund to be deposited and then roll those funds over to a traditional IRA?
Is there a time limit upon separation from the Federal Government when a FERS refund request has to be submitted?
Unrelated but is there also a deadline for when TSP rollover requests must be submitted upon separation? (30/31 days after separation?)
For reference I am 45 with 8 years federal service.
Thanks in advance.