Your Federal Life — May 1, 2024

Thrift Savings Plan participants than ever are contributing at least 5% of their pay to their TSP accounts. The Federal Retirement Thrift Investment Board always encourages more contributions, for stronger retirement savings. The board also got an update from BlackRock, one of the TSP fund managers. For more, Federal News Network’s Drew Friedman spoke with board’s director of external affairs, Kim Weaver.

Plus, an Army financial counselor will spend years in prison after his conviction on defrauding gold star families. If nothing else, the story should alert member of the military and their families to use care in picking a financial advisor in the first place. My next guest has witnessed this sort of bad advice, and has some tips for avoiding it. I spoke with Thiago Glieger of RMG Advisors.