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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.
Federal workers and retirees are awash in numbers today, some solid, some still forming up. The final total will determine in large part what kind of financial future they have.
Fast approaching is the health benefits open enrollment period from Nov. 11-Dec. 9, when workers and retirees should shop carefully for the best deal for them and their families.
While people are fascinated by the TSP Millionaires Club, the real question is where does your account rank in value?
Bills, budgets and proposals to whack federal retirement benefits used to be the stuff of nightmares for both workers and retirees under FERS and CSRS.
The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.
Earlier this year, the chances of both (or either) a federal pay raise and a separate cost of living adjustment for retirees were hovering somewhere between slim and slimmer. The president called for a zero…
Effective Sept. 15, major changes will take effect in the TSP, changes that will make it more attractive for life-time investors and more convenient for people who need to withdraw different amounts over their retirement.
Hundreds of federal and postal workers become retirement eligible every day. Although most don’t retire at the first opportunity.
The dominant Federal Employees Retirement System covers most working feds. It’s good but it has several moving parts.
Most experts say it is essential that people under the Federal Employees Retirement System put at least 5% into the Thrift Savings Plan.
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.
With two critical months to go in the cost of living adjustment countdown, federal, military and Social Security retirees are in line for an inflation catch-up.