To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.
Timing federal retirement right allows you to carry over the maximum amount of annual leave, and in 2020 be paid for most if not all of it at the new higher 3.1% pay raise.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.
Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.
While people are fascinated by the TSP Millionaires Club, the real question is where does your account rank in value?
When the Federal Employees Retirement System was being developed in Congress, most people didn’t switch even though they probably should have.
Since the 1980s some federal offices and postal stations have been divided by a form of pension envy between CSRS and FERS.
Most current federal retirees, and a small percentage of folks still on the payroll, are under the old Civil Service Retirement System. It offers a generous lifetime annuity that is based on salary and length…
The windfall elimination provision reduces the Social Security benefit for someone with less than 30 years of covered service if they qualify for an SSA benefit after as little as five years of covered service.
Have you had your professional mid-life crisis yet? If not, this might be a good time to get it over with.
Benefits expert Tammy Flanagan joins Your Turn today to answer questions about Social Security and retirement applicable to both federal and private sector workers.
Many long-time government workers and retirees are worth more dead than alive due to the variety of wealth they accumulate over a lifetime.
Most federal and postal TSP millionaires got that way by ignoring the ups and downs of the market despite the pre-Christmas plunge in 2018.
For at least the past six years, right or wrong, smart or not, some nervous feds from Maine to California have kept a nervous watch on Washington and their HR office. They are watching the…