For somebody with a long retirement horizon ahead of them, deferring Social Security until age 70 could boost their benefit 68%. Tough call. But one worth considering very carefully.
If the 2022 mid-term elections are as energized as some experts predict, it could produce a Congress that might repeal or modify two 1980s laws.
Whatever the reason, whether your life is a bed of roses or a getting-worse-nightmare, there are things you can do now to insure what you leave will go to who you want.
About 89% of participants said they're satisfied with the Thrift Savings Plan in 2021, a 2% bump over last year. The TSP attributes the slight increase to improved satisfaction among military members in the blended retirement system.
Do you suffer from pension envy? Many current and retired federal employees do!
With inflation on the rise, a growing number of feds are crunching the numbers to weigh the financial benefits of working another year or two.
When they leave government, either for other jobs or to retire, more than half of all TSP investors take some, or often all, of their money with them.
By avoiding some common mistakes, you can prepare yourself for a much easier retirement.
If they made a movie about a government janitor who legally became a millionaire, would you see it? Would you believe it?
Are you saving enough for retirement? Maybe the question nags at you; maybe you wish you thought about it more.
The 22% increase in federal retirements from June to July has led to a growing claims backlog.
While some welcome regular reports on the TSP and its stakeholders, many are concerned that Congress may take issue with the idea of millionaire bureaucrats.
Millions of active and retired feds — anyone with money in the treasury securities G fund or F (bond) fund — are not investors in the true sense.
Unless the stock market tanks, big time, during the next 51 days the number of federal Thrift Savings Plan millionaires is expected to skyrocket.
Once again, there are dueling agendas to eliminate or offset the Windfall Elimination Provision, a pesky nuance that reduces Social Security benefits for some federal retirees.