TSP
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While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.
February 28, 2020 -
The Thrift Savings Plan will begin to set automatic contribution rates for new participants at 5% starting this fall.
February 25, 2020 -
Even in the federal government where workers are supposed to be treated the same and be paid based on their grade level, there are differences. Take the two main retirement systems.
February 24, 2020 -
One of the great fears of people planning for retirement is running out of, or low on money while they are still breathing.
February 21, 2020 -
For many people nearing retirement, running out of money is one of the top fears. Unless they work for the federal government.
February 19, 2020 -
When you leave government are you going to keep your optional retirement nest egg in the Thrift Savings Plan, or move some or all of it to an outside investment option? And does it matter?
February 14, 2020 -
President Donald Trump's proposed 1% across-the-board federal pay raise is an attempt to meet Congress "halfway" on the topic, as the administration also recommended more agency funding on employee performance rewards and bonuses.
February 10, 2020 -
Somewhere out there, the person or persons who, in the late 1990s, predicted Uncle Sam was facing a massive wave of retirements may be happy at last. Or not!
February 07, 2020 -
Although the Federal Employees Retirement System (FERS) was launched in the 1980s, it is still considered the “new” plan by workers who remained in the old Civil Service Retirement System (CSRS).
February 06, 2020 -
Nobody likes to think about dying. But it happens and if you don’t do some advance planning it can cause even more longer lasting pain and grief.
February 05, 2020 -
The Federal Retirement Thrift Investment Board has launched a social science program over the past year, with the goal of sending messages and reminders to targeted groups of participants to prompt them to contribute and save more with the TSP.
February 04, 2020 -
Despite high returns for the TSP’s stock index funds last year, a majority of federal workers have most of their nest egg money in the G fund.
February 03, 2020 -
The decision to pull the plug depends on the job, your family situation, health, financial goals and, maybe, whether you’re a glass-half-full versus glass-half-empty type.
January 29, 2020 -
Some experts in retirement planning believe that many feds with memories of the Great Recession of 2008-2009 are working longer than they have to.
January 28, 2020 -
The TSP option is a nice but not absolutely essential thing to have for those under the more generous CSRS retirement program with its higher benefit and full protection from inflation.
January 23, 2020