A publication of the National Air Traffic Controllers Association
Issue link: http://natca.uberflip.com/i/681981
Price : $1 7 View the item . To order, select USPS or UPS as your shipping preference on your orders. Reminder: apparel items take three - to - four weeks to deliver from date of order. If you need items by a certain date, please contact NATCA Store customer service for arrangements. Expedited shipping charges may apply. To check on stock availability or for further assistance, call 800.266.0895 or email natcastore@natcadc.org . Benefits Spotlight: Cambridge Financial As air traffic controllers, we are an elite group of men and women with a skill set that the average person cannot even comprehend, let alone perform. Yet, when it comes to the financ ial aspect of our jobs, like the many different retirement systems, life insurances, TSP, health insurance, the impact the markets and politics have on our benefits…it can become an overwhelming task to understand and keep track of it all. Luckily, your m embership in the greatest union in the United States earns you the privilege of access to Cambridge Financial Partners, LLC. Cambridge Financial has partnered with NATCA for years to specifically provide you, the member, with access to financial experts wh ose area of expertise is specifically geared towards you, the air traffic controller, and the federal benefits system. The staff of Cambridge will help you make sense of all the intricacies and nuances of our complicated federal system, help you understan d if there are better choices in the private market for your financial future, and guide you through the stringent requirements of the federal retirement policies. In the private sector, a financial planner wading with you through all the federal financial muck woul d cost you hundreds of dollars. As a NATCA member, the only thing Cambridge Financial will cost you is some of your time. Contact Cambridge Financial today for a solid financial tomorrow. Cambridge Corner Participants who have traditional (non - Roth) contributions in their TSP accounts have not yet paid taxes on both the contributions and the accrued earnings. Taxes will be owed on contributions and earnings when a payment is made from a participant ' s account. A participant may continue to defer payment of taxes by transferring or rolling over the payment from a traditional TSP account to a traditional IRA, or an eligible employer plan, such as a 401(k) or 403(b) retirement plan. Participants who made Roth contributions to their Roth TSP account have already paid taxes on those contributions. A participant with Roth contributions will not pay tax on those contributions when they are withdrawn from a Roth TSP account. The tax treatment of earnings depends on whether the payment is a "qualified dist ribution," which means that the entire payment from a Roth account is tax - free. The earnings in a Roth TSP account become qualified and therefore completely tax - free, when the following two conditions have been met: