If you own a home, have a spouse, carry life insurance and invest in the Thrift Savings Plan, you probably need an estate plan.
When they retire, even with a guaranteed annuity and TSP investments, many feds have to learn to live with less. And taxes, which are never fun, can become an even bigger factor.
It’s a ritual of federal retirement: You retire, you get part of your pension while OPM takes months to figure out what you are really owed.
Active and retired feds probably won’t know the size of their 2020 pay raise — if any — or cost-of-living adjustment — if any — until late in the year.
Nearly every year for the past decade lawmakers have gone after the two major federal retirement programs, FERS and CSRS. So far, groups representing workers and retirees have managed to beat back the changes — but there have been some close calls.
Thrift Savings Plan participants will soon have access to additional lifecycle funds that will more closely align to their specific retirement dates.
Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne. No one ever said marriage was simple. For federal employees getting set to retire, having a spouse…
While Mike Causey is on vacation he asked readers to fill in the space with guest columns for some fresh material and different viewpoints.
September’s new Thrift Savings Plan withdrawal options should keep many more investors in the TSP in future. Here’s an FAQ on the changes.
Many long-time government workers and retirees are worth more dead than alive due to the variety of wealth they accumulate over a lifetime.
The Office of Personnel Management lacks a clear vision and a specific IT strategy to modernize its retirement claims process, the Government Accountability Office argued. OPM, however, attributes its challenges to a lack of funding, leadership and staffing challenges.
In today’s Federal Newscast, President Donald Trump signed an executive order last week directing federal agencies to cut at least one-third of all federal advisory committees.
With half the legislative year over and Democrats running the House while political eyes focus on 2020 races, the retirement plan looks safe for now.
Despite a decade of mostly good-to-excellent returns in the stock-indexed C, S and I funds, most of the money feds have invested in their in-house 401(k) plan is in the fund which typically had the lowest returns.