Many retirees with Thrift Savings Plan accounts wonder why they can\'t continue to invest in it. Senior Correspondent Mike Causey has the answer.
Who are the feds who have $1 million or more in their Thrift Savings Plans? Senior Correspondent Mike Causey says it could be that person sitting next to you in your carpool.
Having a $1 million nest egg is something that a lot of federal and postal workers have learned is possible through investing smartly in their Thrift Savings Plan accounts. A growing number of them (4,167 to be precise) now have million-dollar-plus account balances, says Senior Correspondent Mike Causey.
The Thrift Savings Plan is on a roll and Senior Correspondent Mike Causey has got all the details.
Only three of the 10 funds in the Thrift Savings Plan posted positive returns for the month of March.
In England and in some parts of this country, a "take away" is when you order a popular fast food and take it home with you. In Washington "take away" is the legislative-political equivalent of bend-over-and-smile-this-is-going-to-hurt-you-more-than-me, says Senior Correspondent Mike Causey.
The Fiscal Year 2016 budget the House passed Wednesday calls on federal employees to make greater contributions to their retirement plans, while altering the Thrift Savings Plan's G Fund. The budget also seeks to reduce the civilian workforce by 10 percent over the next 10 years through attrition.
A hidden proposal in the new budget resolution the House of Representatives is about to pass would change the way the G-Fund in the Thrift Savings Plan bears interest. The idea is to save the government money by paying less into the fund. But that means participants would receive less money out of the fund. Kim Weaver, director of external affairs for the Federal Retirement Thrift Investment Board, tells In Depth with Francis Rose, about the details behind the proposal and why it could be a big headache.
Hosts Bob Leins and Tammy Flanagan discuss how possible changes to the tax law could affect how you plan for retirement. March 23, 2015
"It would drop the interest to virtually zero, which would make the G Fund worthless to our participants," the Federal Retirement Thrift Investment Board's Kim Weaver said of the House proposal.
Host Mike Causey is joined by estate planner Tom O'Rourke who will discuss what you need to do to make sure your estate is in order. March 18, 2015
For the ninth time in 19 years and the second time in 13 months, the government has run out of authority to borrow. Senior Correspondent Mike Causey explains what that means for your Thrift Savings Plan account.
Where were you putting your retirement money during the Great Recession? asks Senior Correspondent Mike Causey.
Host Mike Causey and financial planner Arthur Stein will discuss different investment strategies for the Thrift Savings Plan, and what you can do to make sure you have enough saved for retirement. March 11, 2015