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The Office of Personnel Management reported that April's average monthly processing time for retirement claims was down from March and February, but still higher than in 2021.
Retiring as soon as you can may seem like a good idea now. But how will it impact you financially years into retirement when inflation has reduced your FERS annuity or your TSP balance?
Performance among the Thrift Savings Plan's stock funds was mostly down last month and the Lifecycle funds dropped, too, following slight gains in February.
Retiring from the federal government isn’t rocket science. And for some people its even more complicated and baffling. So it helps to have a checklist to keep you on the right career path.
If you have a simple exit strategy that provides the best deal for you in retirement, there is a good chance it may be wrong. Or at least not very simple.
Postmaster General Louis DeJoy says tough decisions lie ahead as part of the Postal Service's 10-year reform plan, and that the future of the agency depends on them.
Thanks to the it-had-to-happen-sometime downturn in the stock market, the number of Thrift Savings Plan millionaires dropped to 100,364 in March.
Many investors know the conventional thing to do, when times are good. But when things go south, which they do regularly, the fight-or-flight instinct kicks in. Times like now.
Short answer: Both require considerable thought, if you want to wind up in the best, safest place possible!
OPM received fewer and processed more claims in March than the previous two months, while also improving the monthly average processing times, but it wasn't enough to make a dent in the backlog.
By later this year, TSP investors could have as many as 5,000 new investment options. So what next?
Picking the “best” of the 50 states, tax-wise, can mean hundreds of thousands extra dollars that will be yours, not the Great State of Whatever, for as long as you are retired.
House lawmakers passed the Securing a Strong Retirement Act, which will raise the age for starting required minimum distributions from TSP accounts.
Timing your retirement can be tricky, but putting thought into when you leave the federal service can pay off in the long run.