Do you ever worry about running out of money once you've retired? Senior Correspondent Mike Causey says it's not a problem for most federal workers.
Are you having recurrent nightmares about your Thrift Savings Plan? Senior Correspondent Mike Causey says the bad news is that you aren't dreaming.
Are you having recurrent nightmares about your Thrift Savings Plan? Financial planner Arthur Stein joins host Mike Causey to discuss investment strategies for your TSP account. September 9, 2015
Only the G Fund, which buys nonmarketable Treasury security, posted positive returns for August. The remaining Thrift Savings Plan funds posted negative numbers across-the-board.
Randy Silvey, wealth adviser and president of Silverlight Financial, contends federal employees don’t take enough control of their retirement planning and that impacts their future.
Tammy Flanagan with the National Institute of Transition Planning joins host Mike Causey to discuss what you should consider as you plan your retirement from the federal government. August 12, 2015
The Thrift Savings Plan saw across-the-board growth in July, except for a downturn in the international stocks S fund.
Getting your money out of your Thrift Savings Plan account could get easier in the future. The Federal Retirement Thrift Investment Board approves the pursuit of changes to withdrawal options for TSP participants. Kim Weaver is director of external affairs at the Federal Retirement Thrift Investment Board. She tells In Depth with Francis Rose why the TSP wants to make the change.
At its monthly meeting on Monday, the Federal Retirement Thrift Investment Board made two decisions that could have a big impact for federal employees participating in the Thrift Savings Plan.
Many private sector types claim they would lop off a key part of their anatomy to be in the Thrift Savings Plan, says Senior Correspondent Mike Causey.
Senate leaders agreed in principle to a six-year highway transportation fund bill that doesn’t try to raise money by changing the way the interest rate on the G-Fund is calculated. But Democrats stopped the bill from moving to a full vote because they wanted more time to read the entire bill.
The Senate is working on a long-term highway spending bill that taps billions of dollars from the Thrift Savings Plan to help pay for it. House budget writers say the G-fund is just too good of a deal and they want to base the fund's interest rate on a three month average instead of the current four-year average. Kim Weaver of the Federal Retirement Thrift Investment Board says that would make the G-fund virtually worthless for TSP participants. Jessica Klement is legislative director of the National Active and Retired Federal Employees Association. She tells In Depth with Francis Rose that NARFE wants Congress to come up with another solution.
The congressional stalemate over funding a long-term highway bill is reviving fears that lawmakers could raid the Thrift Savings Plan. House Republicans have proposed cutting the G Fund's interest rate to free up $32 billion over ten years.
A brand new law just signed by President Obama will give a lot of federal employees the ability to start drawing retirement funds from the Thrift Savings Plan much earlier than had been allowed in the past. It's called the Defending Public Safety Emploees Retirement Act and it applies to several federal positions that are already eligible for early retirement. Tammy Flanagan is the senior benefits director for the National Institute for Transition Planning. She tells In Depth guest host Jared Serbu how the law will work and what its impact will be.
Most of the Thrift Savings Plan funds fell in June 2015, according to the latest statistics from the Federal Retirement Thrift Investment Board.