For only the second time this year, all of the funds in the Thrift Savings Plan finished the month in positive territory, according to new data from the Federal Retirement Thrift Investment Board. It was the strongest month for the TSP — and Wall Street — since February
The way to make money in the stock market is to buy when share prices are down and sell when they go up. Yet most people do just the opposite, Senior Correspondent Mike Causey says. Are you a closet market-timer?
The results are in from a customer service survey of Thrift Savings Plan account holders. And the verdict is one that most organizations would kill to have. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, tells In Depth with Francis Rose why they did the survey in the first place.
Nearly nine out of 10 federal employees are satisfied with the Thrift Savings Plan, according to a new survey published by the Federal Retirement Thrift Investment Board, which manages feds’ 401(k)-style retirement accounts. Meanwhile, the TSP board is inching forward on a decision on whether to adopt a mutual-fund window.
A bipartisan House bill would reform federal tax law so that federal law-enforcement officers and firefighters can access funds from their 401(k)-style Thrift Savings Plans when they’re eligible to retire without facing a penalty. Jon Adler, national president of the Federal Law Enforcement Officers Association, called the current situation “one of those glaring inequities that needed to be addressed and fixed.”
What would it mean to the federal-military investors in the Thrift Savings Plan if everybody in the country were allowed to join up? Nobody knows for sure, but higher fees, for everybody, would seem to be a likely outcome, Senior Correspondent Mike Causey says.
When it comes to certain federal benefits, President Barack Obama and Florida Senator Marco Rubio have something in common. One of them is admiration for the federal Thrift Savings Plan, Senior Correspondent Mike Causey Says.
Last month, Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, joined Federal News Radio’s senior correspondent, Mike Causey, to answer feds’ questions as part of an exclusive online chat. The experts fielded dozens of questions from readers — but couldn’t get to all them. So, Federal News Radio went back to the experts to answer another round of questions for readers. In this special Q&A, find the experts’ take on everything from the best date to retire this year and what happens to insurance premiums when you retire to whether the Thrift Savings Plan plans to offer in-plan conversions.
All funds in the Thrift Savings Plan showed gains in April, except for the S Fund. This is the second month in a row that the S Fund has returned in the red.
Financial advisor Arthur Stein will answer your calls and emails about the TSP. Also, Andy Medici and Amber Corrin of the Federal Times will discuss, among other things, Public Service Recognition Week and the recently passed DATA Act. April 30, 2014
The agency that runs federal employees’ (401)k-style Thrift Savings Plan needs to do a better job monitoring potential cyber incidents against its website, strengthen security at its data centers and come up with a plan for tracking all of its technology hardware. That’s according to recent audits of the TSP program undertaken by the Labor Department, which were presented to the Federal Retirement Thrift Investment Board Monday.
The Thrift Savings Plan could stand to collect more than $500,000 in unpaid debt thanks to expanded authority to garnish employees’ pay even after they leave federal service. A final rule published in the Federal Register Wednesday will allow the Treasury Department — on behalf of the Federal Retirement Thrift Investment Board, which runs the TSP — to garnish the wages of nonfederal employees who owe the TSP money.
Are you sick of the constraints in the Thrift Savings Plan? Are you anxious to get outside investment help? Well before you turn your retirement nest egg over to a bank, or your freelance neighborhood dog walker, check out Senior Correspondent Mike Causey’s column today.
Federal benefits specialist Ray Kirk discusses how to achieve your financial goals by using the building blocks provided by the federal government. April 14, 2014