Many federal and postal workers live and work in high tax states, so many retire to low-or no-tax states to get more from their annuities.
Are there states where retirees can get tax breaks and enjoy a better standard of living? Short answer: Yes.
Despite a decade of mostly good-to-excellent returns in the stock-indexed C, S and I funds, most of the money feds have invested in their in-house 401(k) plan is in the fund which typically had the lowest returns.
Most TSP investors know the stock market is long overdue for a major correction. The question is when will that happen, how long will it last, and what if anything you should be doing about it?
When it comes to saving and investing for retirement, federal and military personnel are way ahead of their private sector counterparts.
Between March 2018 and March 2019 the self-made millionaires club of the Thrift Savings Plan added 9,540 new members.
The good news for most long-time federal and postal workers, is that in retirement, you may be better off than many of your private sector neighbors.
9,540 additional federal and postal workers became Thrift Savings Plan millionaires between March 2018 and the end of March this year.
Despite the red hot stock market and longest-ever bull market in history, federal workers have just over 40% of their money in treasury securities.
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.