Bills, budgets and proposals to whack federal retirement benefits used to be the stuff of nightmares for both workers and retirees under FERS and CSRS.
Thrift Savings Plan participants officially have access now to a variety of new withdrawal options. Here’s what they mean, and here’s how they might help you stay in the TSP longer into retirement.
The Thrift Savings Plan is an important part of retirement security for federal employees and has launched several new options for how to manage or take withdrawals from one’s account.
The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.
The Federal Retirement Thrift Investment Board announced in 2017 it would broaden the I fund’s benchmark to include more emerging markets, including China.
Earlier this year, the chances of both (or either) a federal pay raise and a separate cost of living adjustment for retirees were hovering somewhere between slim and slimmer. The president called for a zero…
Active and retired federal-postal workers, and their survivors have some of the best health insurance in the nation.
Effective Sept. 15, major changes will take effect in the TSP, changes that will make it more attractive for life-time investors and more convenient for people who need to withdraw different amounts over their retirement.
Hundreds of federal and postal workers become retirement eligible every day. Although most don’t retire at the first opportunity.
The Office of Personnel Management continued to make slight progress on reducing its backlog of retirement claims in August.
Being a federal/postal worker can be satisfying and challenging at the same time. Being a married federal/postal worker can be doubly so.
The dominant Federal Employees Retirement System covers most working feds. It’s good but it has several moving parts.
August followed July’s pattern of widespread month-over-month drops in the TSP, as well as year-over-year decreases in all but two funds.
Most experts say it is essential that people under the Federal Employees Retirement System put at least 5% into the Thrift Savings Plan.