Many of the current TSP millionaires made their financial bones during the Great Recession of 08-09. Will history repeat itself during the next big recession?
Given that 2020 is a critical election year, and the number of federal workers in many congressional districts, any federal pay raise is a big deal.
Because of the 2017 tax law, many were surprised to learn that it no longer paid to itemize deductions that had been important in the past.
Bills, budgets and proposals to whack federal retirement benefits used to be the stuff of nightmares for both workers and retirees under FERS and CSRS.
The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.
Earlier this year, the chances of both (or either) a federal pay raise and a separate cost of living adjustment for retirees were hovering somewhere between slim and slimmer. The president called for a zero…
Active and retired federal-postal workers, and their survivors have some of the best health insurance in the nation.
More than 4 million people, now-voting age adults, were born, and even more were in kindergarten, grade school or junior high when the attacks were made on the World Trade Centers and the Pentagon 18 years ago.
Effective Sept. 15, major changes will take effect in the TSP, changes that will make it more attractive for life-time investors and more convenient for people who need to withdraw different amounts over their retirement.
Hundreds of federal and postal workers become retirement eligible every day. Although most don’t retire at the first opportunity.
Being a federal/postal worker can be satisfying and challenging at the same time. Being a married federal/postal worker can be doubly so.
By now no one should be surprised if the president zigs when everyone thought, and even he said, he would zag.
The dominant Federal Employees Retirement System covers most working feds. It’s good but it has several moving parts.
While you were away, here’s what happened on the job front — spoiler alert, not much!
So if you are off today, enjoy. If you are working—defending the homeland, inspecting food, moving air traffic, watching the borders or otherwise keeping the peace, thanks.