Nearly half of all Thrift Savings Plan participants close their accounts when they leave government. Senior Correspondent Mike Causey explains why.
Over the past several years, the number of federal workers will million-dollar Thrift Savings Plan accounts has jumped dramatically. That's due, no doubt, to the surging stock market, and some TSPers who stayed the course through tough times, says Senior Correspondent Mike Causey.
Some people go outside the TSP because they want to have a wider choice of investment options. Would you do the same? asks Senior Correspondent Mike Causey.
Forty-five percent of TSP investors who left government in 2012 closed their federal accounts within a year, according to a survey by the Board that runs the giant 401(k) style program. Senior Correspondent Mike Causey wonders why.
All Thrift Savings Plan domestic funds recorded gains in August. In the most dramatic comeback, the S Fund ended August 4.98 percent higher than it began.
The biggest number ever for federal employees saving for the future is in. More than ever are saving in the Thrift Savings Plan. Kim Weaver is Director of External Affairs the Federal Retirement Thrift Investment Board. On In Depth with Francis Rose, she said the results make the people who run the TSP really happy.
Feds are breaking records when it comes to their Thrift Savings Plan. Enrollment in the TSP is at an all-time high of 87.5 percent. That's among employees under the Federal Employee Retirement System. But it's not all good news for the TSP. The Federal Retirement Thrift Investment Board held its monthly meeting. Federal News Radio's Shefali Kapadia joined Tom Temin on the Federal Drive with a recap of the meeting. Read Shefali's related article .
Federal employees aren't typically known as members of the millionaires club. But, if you play your cards right, it is possible. Federal News Radio's Web Manager Julia Ziegler joined Tom Temin on the Federal Drive with details.
At its monthly board meeting Thursday in Washington, the Federal Retirement Thrift Investment Board (FRTIB) announced that 87.5 percent of FERS employees are actively contributing to their TSP accounts. The percentage just surpasses the previous record high of 87.4 percent in January 2003. Although participation is increasing, a lower percentage of participants are contributing full match to their TSP accounts.
So, you're reaping the benefits of your Thrift Savings Plan? Senior Correspondent Mike Causey says you still may be missing out on a host of other federal benefits that are available to you.
Are you a $1 million baby? Senior Correspondent Mike Causey says you can be if, like some other feds, you make the most out of your Thrift Savings Plan.
Want to have a $1 million-plus nest egg to play with when you retire? Senior Correspondent Mike Causey says any fed can do it with common sense, hard work and time.
Unless you're financially well-off, you need to get to know your Thrift Savings Plan. It may be responsible for one-third to one-half of the income you receive in your retirement, says Senior Correspondent Mike Causey.
Got the shakes about your nest egg? The one that's supposed to provide one-third to one-half of your total retirement income? Are you feeling a little nervous? asks Senior Correspondent Mike Causey.
Outside of the "never has a bad day" G Fund, the Thrift Savings Plan saw across the board losses in July. However, year-to-date, each of the funds remains in the positive.