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Having a secure financial future is even more likely if you know where you are now and where you are heading, as you get closer to that magic time when you could retire.
Obits can help you figure out how much money you are going to need for the years, maybe decades, after your regular paycheck stops. But your urge to live, have fun, travel, etc. continues.
Every day, we at Federal News Radio get calls or emails from readers and listeners who want to know the latest, the cost and the timetable for action regarding retirement changes. But we can't predict what’s going to happen,
When financial times get tough and a bull market rears its ugly head, many Thrift Savings Plan investors head for the safety of the bond index F Fund or, more likely, the super-safe never has a bad day G Fund.
When financial times get tough and a bear market rears its ugly head many Thrift Savings Plan investors head for the safety of the bond index F Fund or, more likely, the super-safe never has a bad day G-fund.
Stephen Zelcer, a financial advisor for federal employees, explains how the changes to the TSP in 2019 will impact you and what you should keep in mind.
The number of federal/postal workers with Thrift Savings Plan accounts worth at least $1 million jumped nearly 600 percent between April 2016 and April 2018. The value of the biggest account grew by nearly 30 percent in that time.
As of April 3, the number of federal and postal workers and retirees with million-dollar-plus Thrift Savings Plan accounts had grown to 23,098.
When most people focus on millionaires in government they are talking about a relatively small number of super-rich political appointees. But there is a larger group who did it by saving and investing in the Thrift Savings Plan.
About 9.1 percent fewer retirement claims were received in May than the month before and nearly 26.4 percent fewer retirement claims processed last month than in April, according to the Office of Personnel Management.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is planning a series of sweeping changes to withdrawal rules and installment payments for participants by September 2019.
One of the complaints some Thrift Savings Plan investors have is what they consider a lack of investment options.
The amount of money the White House is proposing to cut from federal workers' take-home pay and the future inflation protection benefits for retirees closely mirrors the balance of the F, I and S funds in the Thrift Savings Plan as of Dec 31.
Tracking the stock market and making long-term decisions based on day-to-day changes is not the way to build a retirement nest egg.