Sometime this summer, the number of investment choices in the federal Thrift Savings Plan will jump to include roughly 5,000 mutual funds.
The age requirement for starting TSP retirement distribution would increase under the Securing a Strong Retirement Act
Financial planner Arthur Stein, who has a large number of federal-retiree clients, says there is another option for them — or anyone else — who may want to invest some of their emergency funds or excess cash in a super-safe option.
After a month of disappointing returns in January, Thrift Savings Plan funds closed out February trending positive. Performance is still negative over the past year.
TSP participation rates for the Federal Employees Retirement System and active duty uniformed services were at all-time highs in January: 94.9% and 81.3%, respectively.
What can people do — either by working longer or delaying their Social Security — that will boost and maintain their standard of living when they do decide to retire?
For many feds, the money they have in their Thrift Savings Plan will provide anywhere from one-third to one-half of their income. Most know that knowing when to buy and when to sell is a crap shoot, at best.
If you choose the invest-for-the-long haul course you may, as 112,000 rank-and-file federal and postal workers have done, become a TSP millionaire. But the keys are long-term investing and doing what the proven winners have already done.
While probate can be a mystifying and grim subject, it is one you should be up on. Learn how to avoid probate, or navigate through it if that is the only option.
Do you actively manage your federal Thrift Savings Plan account, or do you leave it to the pros?
Is it worth considering working longer to protect your buying power in retirement? Or is that too horrible a concept? Many will probably conclude it's worth putting it high up on their retirement planning checklist.
Aside from the securities-backed G fund, Thrift Savings Plan funds closed out the first month of 2022 with lower returns than the month before effectively clearing out any gains made over the last year.
What’s the difference between relaxing, not panicking, and sleeping at the wheel? What do feds do between now and when they plan to retire and, more importantly, when they actually start tapping their TSP accounts?
The launch of those systems completes the 15-month Financial Systems Modernization project for the Federal Retirement Thrift Investment Board.
Tom O’Rourke, a Washington-area tax and estate attorney and former IRS lawyer, shares his plan to allow federal employees to double their money and to save more than $1,000 in taxes at no risk.