Many investors know the conventional thing to do, when times are good. But when things go south, which they do regularly, the fight-or-flight instinct kicks in. Times like now.
Short answer: Both require considerable thought, if you want to wind up in the best, safest place possible!
OPM received fewer and processed more claims in March than the previous two months, while also improving the monthly average processing times, but it wasn't enough to make a dent in the backlog.
By later this year, TSP investors could have as many as 5,000 new investment options. So what next?
Picking the “best” of the 50 states, tax-wise, can mean hundreds of thousands extra dollars that will be yours, not the Great State of Whatever, for as long as you are retired.
House lawmakers passed the Securing a Strong Retirement Act, which will raise the age for starting required minimum distributions from TSP accounts.
Timing your retirement can be tricky, but putting thought into when you leave the federal service can pay off in the long run.
Last month marked approximately two years since the COVID-19 pandemic reached the U.S. in full effect and pushed the federal government into a maximum telework stance.
What kind of investor are you? Roller coaster riders accept the ups and downs, while merry-go-round riders want a stress-free experience.
Probate can be a lengthy and expensive process that takes months, even years in some cases, to determine how your estate will be split up. Learn what you need to legally protect your family/friends and be sure they get what you want them to get.
Sometime this summer, the number of investment choices in the federal Thrift Savings Plan will jump to include roughly 5,000 mutual funds.
The age requirement for starting TSP retirement distribution would increase under the Securing a Strong Retirement Act
Important consideration: Know when to quit! Often later is better, even if you could get by leaving the job earlier.
With so many feds retirement-eligible, many are likely crunching the numbers to decide if it is better to be retired from government than working for it. Both financially and emotionally.