Retirement

Did you retire before the pandemic became a fact of life? Before people other than bank robbers wore (hopefully) face masks all the time, and when working from home went from to perk to priority?…

Expert financial coach Abraham Grungold shares tips on how federal workers can best save money for retirement.

Some are predicting the impact of the virus on the economy, nerves and personal relations may actually trigger a tidal wave of retirements in many agencies.

When they eventually retire, 99% of all current federal-postal workers will depend on their Thrift Savings Plan to provide a substantial portion of their future lifetime income.

During times like this, when a pandemic is still running wild, it’s a good question. The old rules and odds don’t apply.

How are investors handling the current, very unstable and sometimes scary market? Mike Causey heard from two TSP investors.

Most federal employees love their current health and retirement benefits, but generational differences of opinion may offer some telling signs about what interests the workforce of the future.

About as many federal employees submitted retirement claims in June as the month before, but the Office of Personnel Management was able to reduce the backlog this time.

A lot of people who retired last year or earlier this year probably wish they hadn’t. Most are living on less.

Thanks to the coronavirus’ hit on the world economy, the number of federal workers and retirees with million-dollar Thrift Savings Plan accounts now stands at 47,219.

While your still working for the federal government, the Thrift Savings Plan is a great place to watch your retirement nest egg grow, while you are paying some of the lowest administration fees in the business.

Employees overwhelmingly see the importance and value in existing federal health and retirement benefits, and in many cases, these programs are a top recruitment and retention incentive, a new Office of Personnel Management survey found.

Suppose your charming but kind of flaky son or granddaughter inherited a large sum of money, maybe as much as six figures, as soon as this month?

Some of the smartest people in the nation work for Uncle Sam and belong to the Thrift Savings Plan. For some it is a nice option. For most, it is their primary retirement nest egg.