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41 Cards in this Set
- Front
- Back
1. YOU CAN BORROW MORE THAN HOW MUCH FROM YOUR TSP?
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50,000
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2. THE TSP IS ESTABLISHED UNDER THE FEDERAL EMPLOYEE’S RETIREMENT SYSTEM ACT OF WHAT YEAR?
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1986
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3. THE TSP ISSUES STATEMENTS HOW OFTER?
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Quarterly
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4. HOW LONG MUST YOU WAIT FROM THE TIME YOU PAY OFF ONE LOAN UNTIL YOU ARE ELIGIBLE TO REQUEST ANOTHER LOAN FO THE SAME TYPE?
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60 Days
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5. WHAT IS A PAYMENT PAID TO THE PARTICIPANT EACH MONTH, WHERE PAYMENTS CONTINUE AS LONG AS THE PARTICIPANT (OR HIS OR HER SURVIVOR) IS ALIVE?
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Annuity
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6. YOU MUST REPAY YOUR GENERAL PURPOSE LOAN WITHIN WHAT TIME FRAME?
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5 Years
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7. BY LAW, THE TSP MUST BE AUDITED HOW OFTEN?
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Annually
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8. THE TSP CHARGES A PROCESSING FEE OF HOW MUCH FOR EACH LOAN?
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50.00
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9. WHAT IS THE RISK THAT A BORROWER WILL NOT MAKE A SCHEDULED PAYMENT OF PRINCIPLE AND/OR INTEREST?
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Credit Risk
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10. YOU MUST REPAY YOUR RESIDENTAL LOAN WITHIN WHAT TIME FRAME?
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15 YEARS
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11. IF YOU MAKE A FINANCIAL HARDSHIP IN-SERVICE WITHDRAWAL, THE OVERALL IMPACT CAN BE GREAT BECAUSE YOU CANNOT CONTRIBUTE TO THE TSP FOR HOW LONG AFTER YOUR WITHDRAWL?
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6 months
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12. YOU CANNOT BORROW LESS THAN HOW MUCH FROM YOUR TSP?
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1,000
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13. BY LAW, YOU MUST WITHDRAW YOU ENTIRE ACCOUNT OR BEGIN RECEIVING MONTHLY PAYMENTS BY THE TSP WITHDRAWAL DEADLINE, WHICH IS APRIL 1 OF THE YEAR AFTER YOU HAVE REACHED WHAT AGE AND HAVE LEFT FEDERAL SERVICE?
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70.5
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14. AFTER YOU LEAVE FEDERAL SERVICE, IF YOU VESTED ACCOUNT BALANCE IS HOW MUCH OR MORE YOU CAN LEAVE YOUR MONEY IN THE TSP UNTIL LATER OR YOU CAN WITHDRAW YOUR TSP ACCOUNT?
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200
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15. WHAT IS THE PROCESS OF ADJUSTING THE TERMS OF A LOAN TO CHANGE THE LOAN PAYMENT AMOUNT OR TO SHORTEN OR LENGTHEN THE REPAYMENT TERM?
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REAMORTIZATION
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11. IF YOU MAKE A FINANCIAL HARDSHIP IN-SERVICE WITHDRAWAL, THE OVERALL IMPACT CAN BE GREAT BECAUSE YOU CANNOT CONTRIBUTE TO THE TSP FOR HOW LONG AFTER YOUR WITHDRAWL?
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6 months
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12. YOU CANNOT BORROW LESS THAN HOW MUCH FROM YOUR TSP?
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1,000
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13. BY LAW, YOU MUST WITHDRAW YOU ENTIRE ACCOUNT OR BEGIN RECEIVING MONTHLY PAYMENTS BY THE TSP WITHDRAWAL DEADLINE, WHICH IS APRIL 1 OF THE YEAR AFTER YOU HAVE REACHED WHAT AGE AND HAVE LEFT FEDERAL SERVICE?
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70.5
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14. AFTER YOU LEAVE FEDERAL SERVICE, IF YOU VESTED ACCOUNT BALANCE IS HOW MUCH OR MORE YOU CAN LEAVE YOUR MONEY IN THE TSP UNTIL LATER OR YOU CAN WITHDRAW YOUR TSP ACCOUNT?
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200
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15. WHAT IS THE PROCESS OF ADJUSTING THE TERMS OF A LOAN TO CHANGE THE LOAN PAYMENT AMOUNT OR TO SHORTEN OR LENGTHEN THE REPAYMENT TERM?
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REAMORTIZATION
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16. YOU REPAY YOUR TSP LOAN WITH INTEREST. THE INTEREST RATE IS THE INTEREST RATE FOR WHICH FUND?
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G Fund
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WHICH EMPLOYEES RECEIVE MATCHING CONTRIBUTIONS FROM THEIR AGENCIES ON THEIR REGULAR EMPLOYEE CONTRIBUTIONS AS SOON AS THEY BECOME ELIGIBLE FOR AGENCY CONTRIBUTIONS?
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FERS
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HOW MANY TYPES OF TSP EMPLOYEE CONTRIBUTIONS ARE THERE?
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TWO
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HOW MANY WAY ARE THERE TO GET YOUR MONEY OUT OF TSP?
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THREE
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WHICH TSP INDIVIDUAL FUND IS INVESTED IN A BOND INDEX FUND THAT TRACKS THE LEHMAN BROTHERS U.S. AGGREGATE (LBA) INDEX?
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FIXED INCOME INDEX INVESTMENT (F) FUND
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5. WHICH TSP INDIVIDUAL FUND IS INVESTED IN SHORT-TERM U.S. TREASURY SECURITIES?
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GOVERNMENT SECURITIES INVESTMENT (G) FUND
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THE MONEY YOU CONTRIBUTE TO THE TSP IS TAKEN OUT OF YOUR PAY EACH PAY PERIOD BEFORE WHAT IS TAKEN OUT?
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TAXES
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THERE IS NO RISK OF INVESTMENT LOSS IN WHICH TSP INDIVIDUAL FUND?
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GOVERNMENT SECURITIES INVESTMENT (G) FUND
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WHICH TSP EMPLOYEE CONTRIBUTIONS ARE PAYROLL DEDUCTIONS THAT ANY ELIGIBLE FEDERAL CIVILIAN EMPLOYEE OR MEMBER OF THE UNIFORM SERVICES CAN MAKE FROM BASIC PAY BEFORE TAXES ARE WITHHELD?
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REGULAR EMPLOYEE CONTRIBUTIONS
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IF YOU ARE A MEMBER OF THE UNIFORMED SERVICES, YOU CAN ALSO CONTRIBUTRE FROM 1 PERCENT TO WHAT MAXIMUM PERCENT OF ANY INCENTIVE PAY, SPECIAL PAY, OR BONUS PAY – AS LONG AS YOU ELECT TO CONTRIBUTE FROM BASIC PAY?
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100
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WHICH TSP INDIVIDUAL FUND IS INVESTED IN A STOCK INDEX FUND THAT TRACTS THE STANDARD & POOR’S (S&P) 500 STOCK INDEX?
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COMMON STOCK INDEX INVESTMENT FUND
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IF YOU LEAE TSP BEFORE THE YEAR YOU TURN 55, YOU MAY BE SUBJECT TO THE EARLY WITHDRAWAL PENALTIY TAX OF WHAT PERCENT?
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10
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WHICH TYPE OF TRANSFER MOVES THE MOEY ALREADY IN YOUR ACCOUNT AMONG THE TSP INVESTMENT FUNDS?
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INTERFUND
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WHICH TSP FUNDS WILL YOU MAKE YOUR OWN DECISIONS ABOUT YOUR INVESTMENT MIX BY CHOOSING FROM ANY OR ALL THE INDIVIDUAL TSP INVESTMENT FUNDS?
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INDIVIDUAL FUNDS
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. WHICH TSP INDIVIDUAL FUND IS INVESTED IN A STOCK INDEX FUND THAT TRACKS THE MORGAN STANLEY CAPTIAL INTERNATIONAL EAFE (EUROPE, AUSTRALIA/ASIA, FAR EAST) INDEX?
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INTERNATIONAL INVESTMENT (I) FUND STOCK
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. WHICH TSP FUNDS ARE “LIFECYCLE” FUNDS THAT ARE INVESTED ACCORDING TO A PROFESSIONALLY DESIGNED MIX OF STOCKS, BONDS, AND GOVERNMENT SECURITIES, BASED ON YOUR “TIME HORIZON” WHICH IS WHEN YOU WILL NED THE MONEY AFTER YOU LEAVE FEDERAL SERVICE?
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L FUNDS
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WHICH TSP INDIVIDUAL FUND IS INVESTED IN A STOCK INDEX FUND THAT TRACKS THE DOW JONES WILSHIRE 4500 COMPLETION (DJW 4500) INDEX?
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SMALL CAPITALIZATION STOCK INDEX (S) FUND
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A CONTRIBUTION ALLOCATION OR INTERFUND TRANSFER MADE BY SUBMITTING AN INVESTMENT ALLOCATION FORM WILL GENERALLY TAKE EFFECT WITHIN HOW MANY DAYS AFTER THE DATE THE TSP RECEIVES THE FORM?
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TWO
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IF YOU DECIDE TO DO A ROLLOVER OF YOUR TSP, YOU WILL HAVE HOW MANY DAYS TO COMPLETE IT AFTER RECEIVING THE FUNDS?
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60
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WHICH TSP EMPLOYE CONTRIBUTIONS ARE PAYROLL DEDUCTIONS THAT PARTICIPANTS WHO ARE AGE 50 OR OLDER MAY BE ELIGIBLE TO MAKE IN ADDITION TO REGULAR EMPLOYEE CONTRIBUTIONS?
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CATCH-UP CONTRIBUTIONS
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WHAT ARE AVAIABLE ONLY TO PARTICIPANTS WHO ARE ACTIVELY EMPLOYED, WHO ARE IN PAY STATUS, AND WHO HAVE CONTRIBUTED THEIR OWN MONEY TO THE TSP?
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TSP LOANS
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