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.
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.
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.
Starting in the mid-1990s various experts looked at the aging federal workforce and concluded that the end, for many of them, was near.
The S and I funds of the TSP had bad years in 2018 but bounced back big time last year. Mike Causey asked financial planner Arthur Stein why?
While there is a lot of interest in those who are self-made Thrift Savings Plan millionaires, the fact is most investors will never hit seven-figure status.
In today’s Federal Newscast, the Congressional Budget Office found federal employees are contributing and saving more for retirement, due to two Thrift Savings Plan policy changes.
But the one way to anger many feds is to tell them or remark that they are lucky to have such a good pension — then stand back.
Thanks to the booming stock market the number of federal-postal workers with $1 million or more Thrift Savings Plan accounts jumped to 49,620 at the end of 2019.
Many people decided to ride out the Great Recession so they could miss the downside and return to the TSP’s C, S and I stock funds when things got better. Eleven years later, some still haven’t returned.
For many January is a hope-springs-eternal transition time. But there are things members of the federal family can, and should, be doing that will save money.
While your income will likely go down in retirement, moving to a more tax-friendly state could increase the cash value of your annuity.
Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?
The Thrift Savings Plan closed out a volatile 2019 with modest increases in Lifecycle fund performances and a more mixed bag among its stock funds.