TSP
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Just weeks after new federal employees began placing their retirement savings into Lifecycle Funds by default, the board that governs the plans is considering changing how it allocates investments in the funds. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, the panel that oversees the TSP, talked to In Depth with Francis Rose about the L funds, and some of the changes the board is looking at.
October 28, 2015 -
The limit to how much federal employees can contribute to their Thrift Savings Plan will remain at the same level for Fiscal Year 2016, according to the Internal Revenue Service.
October 26, 2015 -
The Congressional Budget Office says the TSP G Fund investments will stop on Oct. 30 unless Congress can reach a deal, but feds won't see their savings dip.
October 19, 2015 -
You've got a federal Thrift Savings Plan account. The market tanks. What should you do? Senior correspondent Mike Causey says often the best thing to do is nothing.
October 14, 2015 Financial planner Arthur Stein will talk about the pros and cons of the TSP Lifecycle funds, when he joins host Mike Causey on this week's edition of "Your Turn". October 14, 2015
October 13, 2015-
Retirement, benefits and pay were hot topics discussed by Chief of Naval Personnel Vice Adm. Bill Moran this week while speaking on the Navy’s All Hands Radio podcast.
October 09, 2015 -
The defense authorization bill agreed upon by House and Senate negotiators would affect military pocketbooks in ways both big and small. It includes a 1.3 percent pay increase for uniformed service members but chips away at the military's pension system. In exchange for shrinking pensions, it encourages current troops — and mandates that future ones — invest in the Thrift Savings Plan.
September 30, 2015 Federal benefits expert Tammy Flanagan and Philip Gardner with the Office of Personnel Management joins host Mike Causey to answer your questions about retirement planning. September 23, 2015
September 22, 2015-
Changes to the Thrift Savings Plan's G Fund appear to be off the table now as Congress tries to figure out a solution to its fiscal 2016 budget problem. But that doesn't mean you should stop thinking about how changes to your retirement plans might affect you. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, joined In Depth with Francis Rose to offer her insight.
September 18, 2015 -
Federal agencies that have been waiting for somebody else to take the phased retirement plunge can relax. The Environmental Protection Agency told employees yesterday that a phased retirement program is now available for most eligible EPA employees.
September 16, 2015 Allan Roth, founder of Wealth Logic, joins host Mike Causey to discuss what investors are doing right and what they are doing wrong with their Thrift Savings Plan accounts. September 16, 2015
September 15, 2015-
The Thrift Savings Plan has something federal agencies don't have. The Federal Retirement Thrift Investment Board approved a $219 million budget for the coming year. In Depth with Francis Rose told Kim Weaver, director of External Affairs at the TSP, that TSP participants are probably jealous of her agency since it's budget is already in place.
September 15, 2015 -
Within the $219 million budget is money to speed up the board's cybersecurity plans and prepare for changes to the military retirement system. The board is also considering automatic escalation of contribution levels.
September 14, 2015 -
Congress has its eye on the G-Fund again. Some members want to change the way the rate of return is figured. One version of the federal budget in the House estimates savings up to $32 billion to fund other programs. But, members of the Employee Thrift Advisory Council are warning those changes could cause people to get out of the TSP altogether. Jessica Klement, legislative director of the National Active and Retired Federal Employees Association, joined In Depth with Francis Rose to talk about the proposed legislation.
September 11, 2015 -
The National Treasury Employees Union, the Employee Thrift Advisory Council and 13 other organizations urged Congress not to use the Thrift Savings Plan — the federal government’s retirement savings program — as a revenue source.
September 10, 2015