Retirement

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.

Most Social Security benefits and retirement checks will come as planned. And federal retirees who receive Social Security benefits won’t need to file separate forms to receive upcoming coronavirus stimulus checks from the IRS.

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.

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.

Participants in the Thrift Savings Plan are reacting to the coronavirus and recent stock market volatility with more withdrawals and more transfers from the C, S, I and L funds to the G fund, the Federal Retirement Thrift Investment Board said.

Long shot legislation to eliminate or modify Social Security benefits of several million retired federal and public sector employees or their surviving spouses, is almost certainly dead, for now.