President Joe Biden wants the Labor Department to initiate a review of climate-related financial risks on federal employees and their retirement savings, while Congress again wants the Thrift Savings Plan to divest from Chinese companies.
Federal, military and Social Security retirees are in line for a cost of living adjustment that could be their biggest in more than a decade.
You probably have an estate whether you have given it much thought. Take some time to make a plan. It could save you and your family lots of money and heartache.
Many workers and retirees are delighted with their TSP and plan to stick with it for life. Others can’t wait for the opportunity to get out. So what’s your plan?
By working another two years, an employee earning $80,000 per year can boost their retirement income by almost $30,000.
When it comes to a comfortable annuity for life, no matter how high prices go, not all feds are treated equally.
When it comes to career planning, many federal agencies do an excellent job. But when it comes to providing financial planning, most federal agencies do little if anything.
When it comes to getting quality career financial advice from your employer, a lot of people say many government agencies provide the best overall quality advice.
Would you buy a book about how to make a million dollars from an individual who is selling a book about how to make it or a long-time fellow fed who’s TSP account just passed the million dollar mark?
While it is virtually impossible for a federal or postal retiree to run out of money, it is possible to run dangerously low — even with an annuity indexed in whole, or part to inflation.
Picking the right time to retire - day and month, not just year - could make a huge difference.
Although many don't think about it, you likely have an estate you will leave behind. Planning ahead could save you and your family lots of money and heartache.
Thrift Savings Plan millionaires, many of whom never expected to make it there, provide some perspective.
In March of 2020, there were 27,212 individuals with $1 million or more in their Thrift Savings Plan accounts. One year later, the TSP millionaires club has grown to 84,808 members.
The number of active and retired feds with $1 million or more in their Thrift Savings Plan accounts has jumped to a record 84,808 as of March 31 of this year.