How you can mitigate the sequence of returns risk from minimum required distributions
The president has signed the $2 trillion stimulus and emergency supplemental appropriations package into law. It will have implications for federal employees and their agencies, retirees and contractors.
In the real world the real heroes, i.e. the people who will literally save our bacon right now, are mostly unknown, faceless bureaucrats.
The virus-driven stock market crash has hammered the TSP accounts of hundreds of thousands of feds, many of whom had planned to retire this year.
Over the past 11 years just about everybody and his brother has predicted that the record-long bull market couldn’t last forever.
Participants in the Thrift Savings Plan are reacting to the coronavirus and recent stock market volatility with more withdrawals and more transfers from the C, S, I and L funds to the G fund, the Federal Retirement Thrift Investment Board said.
Long shot legislation to eliminate or modify Social Security benefits of several million retired federal and public sector employees or their surviving spouses, is almost certainly dead, for now.
Managed to finish two horror novels last Thursday. The bad news is they were both true, as near as we can tell.
After a sharp rise in the federal retirement processing backlog in January, the numbers dropped last month — but still about equal to 2019 levels.
While there are still probably lots of self-made civil servant millionaires, the ranks of those who invested or saved their way into the 7-figure 401k club have definitely been thinned by the stock market’s reaction to the coronavirus problem.
When I made my stop-the-presses announcement that I’m moving into phased retirement, I found out a couple of things.
Well, it finally happened. After 10-plus years, the longest bull market in history, the stock market had an historic correction.
Phased retirement hasn’t been as popular among federal employees as expected, but Mike Causey is willing to give it a shot.
While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.