The TSP option is a nice but not absolutely essential thing to have for those under the more generous CSRS retirement program with its higher benefit and full protection from inflation.
Starting in the mid-1990s various experts looked at the aging federal workforce and concluded that the end, for many of them, was near.
Have you delayed your retirement to keep working longer? Or are you ready to leave the day you’re eligible? Tell Federal News Network about your retirement plans with this anonymous survey.
While there is a lot of interest in those who are self-made Thrift Savings Plan millionaires, the fact is most investors will never hit seven-figure status.
In today’s Federal Newscast, the Congressional Budget Office found federal employees are contributing and saving more for retirement, due to two Thrift Savings Plan policy changes.
But the one way to anger many feds is to tell them or remark that they are lucky to have such a good pension — then stand back.
Have you had the long term care insurance talk with your spouse or significant other, or your kids? How about with yourself, can you handle a reality check?
Thanks to the booming stock market the number of federal-postal workers with $1 million or more Thrift Savings Plan accounts jumped to 49,620 at the end of 2019.
Many people decided to ride out the Great Recession so they could miss the downside and return to the TSP’s C, S and I stock funds when things got better. Eleven years later, some still haven’t returned.
For many January is a hope-springs-eternal transition time. But there are things members of the federal family can, and should, be doing that will save money.
Just like the year before, December saw a drop in the number of federal retirement claims received by the Office of Personnel Management compared to the previous month.
While your income will likely go down in retirement, moving to a more tax-friendly state could increase the cash value of your annuity.
Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?
One longtime reader says feds should be aware of their full retirement age (FRA) and what it means to them.