With the stock market reeling from the impact of the coronavirus who do you feel sorriest for, the 22,432 TSP millionaires or the 5 million-plus smaller investors?
Not so long ago in what now looks like the good old days hundreds of Thrift Savings Plan account holders were hoping to be inducted into the Millionaires Club.
The Thrift Savings Plan millionaires club was going strong before the coronavirus pandemic. Now, it's lost 45% of its members.
Now that the shock of the stock market correction has settled in, federal retirement benefits specialist Tammy Flanagan said it imperative to calculate what your net retirement annuity income with be.
Not even the usually steady G fund could evade the global economic impact of the coronavirus pandemic last month, as all Thrift Savings Plan funds showed noticeable decreases in monthly returns.
When in doubt, and in all things retirement, start with Tammy Flanagan. She’s been thinking and rethinking your career since the virus hit.
Yet seasoned investors know that stock market declines are inevitable. Only two questions come to mind when a decline begins: How deep will it be? How long will it last?
March has been a game-changer for billions of people. The pandemic has produced a variety of mid-life crises for just about every thinking person.
The Thrift Savings Plan is scheduled to implement a series of new lifecycle funds later this summer, if the coronavirus pandemic doesn't derail the scheduled rollout.
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.