If you had $105,000 in your Thrift Savings Plan (TSP) on Valentine’s Day 2020, by St. Patrick’s Day it had dropped some $20,000, to about $85,000.
Experts from the National Active and Retired Federal Employees Association said the election season will overshadow much of what should happen on Capitol Hill.
For many people nearing retirement, running out of money is one of the top fears. Unless they work for the federal government.
In what’s become the administration’s evergreen budget plan, the White House has again proposed that federal workers kick in more of their salary toward their retirement plan in return for smaller lifetime annuities that are frozen when they retire.
Nobody likes to think about dying. But it happens and if you don’t do some advance planning it can cause even more longer lasting pain and grief.
The decision to pull the plug depends on the job, your family situation, health, financial goals and, maybe, whether you’re a glass-half-full versus glass-half-empty type.
The S and I funds of the TSP had bad years in 2018 but bounced back big time last year. Mike Causey asked financial planner Arthur Stein why?
Have you had the long term care insurance talk with your spouse or significant other, or your kids? How about with yourself, can you handle a reality check?
Timing federal retirement right allows you to carry over the maximum amount of annual leave, and in 2020 be paid for most if not all of it at the new higher 3.1% pay raise.
When many people consider purchasing long term care insurance, which isn’t cheap, they weigh the odds and worry that they might not collect.
The money you save, without losing any benefits or coverage, could be enough to buy you a new car next year — half a car, anyhow.
Don’t be wedded to your current, traditional plan just because you’ve been with it for years.
If wasting a couple-thousand dollars next year is no big deal to you, you can skip this.
This is the longest bull market in history. But eventually it will change, the market will tank.
Tom O’Rourke, an estate/tax attorney in the Washington D.C. area, says many people have estates but don’t realize it.