While your still working for the federal government, the Thrift Savings Plan is a great place to watch your retirement nest egg grow, while you are paying some of the lowest administration fees in the business.
Suppose your charming but kind of flaky son or granddaughter inherited a large sum of money, maybe as much as six figures, as soon as this month?
For many members of the Greatest Generation, the battle against the coronavirus will be their last big test.
As some agencies have called their employees back to the office in recent weeks, one small agency is taking its time.
A reminder on some of the constructive ways to bring about positive change.
Would you be willing accept a lower pay rate, and maybe a reduced FERS retirement benefit, if it meant you could work from home for the rest of your career? For some people, on both…
So how has the new order impacted your work life? Two years ago, according to Office of Personnel Management figures, only about 22% of the nonpostal federal workforce teleworked.
Some of the smartest people in the nation work for Uncle Sam and belong to the Thrift Savings Plan. For some it is a nice option. For most, it is their primary retirement nest egg.
At least one agency, under a limited pilot program, allows its employees to work from anywhere in the United States, while accepting a duty station and locality pay change along with it. The benefits may be clear to agencies, but how about employees?
Great civil servants have patience and a long-term view
Lots of federal workers have said they might be willing to take a pay cut if they could do their jobs from a site a hundred miles from their home office.
Many people investing for retirement know that it is risky, dangerous and stupid to try to time the market.
When Congress set up the TSP it told the managers to keep it simple, keep it cheap to users with low administrative fees, and to keep it apolitical.
Much of the federal workforce has spent the three months working from home. When work is about what you do, not where you do it, where does that leave locality pay?
Learn about everything from pay, benefits and retirement, to buyouts, COLAs and pay freezes. Call the show live Wednesdays from 10-11 a.m. at 202-465-3080 with your questions. Dial 605-562-0264 to listen live from any phone. Follow Mike on Twitter and send him an email with your questions and comments. Subscribe on Apple Podcasts or Podcast One.