Thanks to the booming stock market the number of federal-postal workers with $1 million or more Thrift Savings Plan accounts jumped to 49,620 at the end of 2019.
Many people decided to ride out the Great Recession so they could miss the downside and return to the TSP’s C, S and I stock funds when things got better. Eleven years later, some still haven’t returned.
For many January is a hope-springs-eternal transition time. But there are things members of the federal family can, and should, be doing that will save money.
While your income will likely go down in retirement, moving to a more tax-friendly state could increase the cash value of your annuity.
Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?
The Thrift Savings Plan closed out a volatile 2019 with modest increases in Lifecycle fund performances and a more mixed bag among its stock funds.
To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.
Most people know the rule is buy low, sell high. If you buy that, the problem is knowing when the market has peaked or bottomed out.
Ask yourself if, when you start tapping your TSP you’ll be glad you invested pre-tax, or do you wish you had taken the Roth option?
Just about everybody knows the stock market is long overdue for a correction of 20% or more — maybe a lot more.
In today’s Federal Newscast, the Thrift Savings Plan wants to change the rate it currently uses to calculate some annual cost of living adjustments.
White collar federal civil servants are on track to get a 3.1% pay raise next year — the largest in a decade for 1.2 million civil servants.
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.
Regardless of how your federal 401k plan is doing, December has some critical dates remaining which investors should know about to get the maximum gains and tax breaks