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37 Cards in this Set
- Front
- Back
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1. WHAT IS THE MAXIMUM YOU CAN BORROW 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 OFTEN?
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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 OF 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 TAKE IF THEY MISS 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 ___ 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
- REGULAR EMPLOYEE CONTRIBUTIONS - CATCH-UP CONTRIBUTIONS |
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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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WHAT ARE THE THREE SOURCES OF TSP CONTRIBUTIONS?
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EMPLOYEE CONTRIBUTIONS
AGENCY AUTOMATIC (1%) CONTRIBUTIONS MATCHING CONTRIBUTIONS |
