The Trump administration’s 2020 budget proposal includes significant changes in federal employee retirement programs, most of which are cuts but with one exception.
Retirement expert John Grobe, himself a former fed, said the length and uncertainty of the recent shutdown has a lot more people thinking about retirement, or just leaving government for greener pastures.
John Grobe, president of Federal Career Experts, specializes in prepping feds for retirement and is Mike Causey's guest on today's episode of Your Turn.
Allan Roth, founder of Wealth Logic and a nationally syndicated financial columnist, said that when it comes to investing, his motto is "Dare to be dull," as in boring.
Of the eligible Federal Employees Retirement System participants who have Thrift Savings Plan accounts, January participation rates rose by less than 1 percent because of missed contributions due to the partial government shutdown.
Many current government officials were baffled by the strange, sometimes rowdy and downright undignified behavior of testy civil servants during the recent government shutdown.
Hardly anybody joins the government planning to become rich but you could be well on the way to millionaire status if you meet a few key characteristics.
Ever since the late 1990s some experts on government matters have been predicting a tidal wave of retirements from key federal agencies. That sparked fears of a brain drain as experienced feds fled their jobs heading for the shuffle-board courts.
A decade ago today, the US stock market was hitting rock bottom. The Great Recession, which had been in effect for almost two years, showed no signs of getting better — ever.
Federal retirement planning expert Tammy Flanagan joined Federal Drive with Tom Temin for some of the important questions that need asking before making the decision to retire.
Financial planner Arthur Stein is today's Your Turn guest and will talk about investment time periods for Thrift Savings Plan participants.
Maybe it's time to clean or even replace your personal political filter, at least when it comes to making long-range financial decisions. Most experts agree that based on past history the stock market is long overdue for a major correction of 20 to even 30 percent.
The average Thrift Savings Plan balance for Federal Employees Retirement System participants — 3.3 million people — was $138,933 in January.
As more companies scale-back or more often eliminate retirement plans for their workers, the government’s benefits package looks better and better to many private sector employees. But all comparisons are relative.
Another member of Congress has introduced legislation that would give federal employees the option to take a penalty-free hardship withdrawal from their Thrift Savings Plan during government shutdowns. Meanwhile, the TSP is also still struggling to improve its cybersecurity posture.