The stock market has driven down the number of federal employees with at least a million dollars in their Thrift Savings Plan accounts.
Calculations about whether to leave federal service, for many federal career people, tend to juggle the financial considerations. What's the best month, the best health plan, the optimal TSP withdrawal strategy if you're about to retire?
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
In today's Federal Newscast: It looks like DoD might be underreporting what it's spending on cloud services. CISA can expect a huge budget increase next year.
All funds finished in the black as well, the first such time since April 2021.
The changes in the TSP have pleased many. And rattled a lot of others. There have been widespread complaints about unanswered phone calls or e-mails.
Two Members of Congress ask GAO to figure out what has gone wrong with the TSP's members-only website. There's news of a $12-million-dollar class-action settlement at DEA, some three-decades in the making. And NASA’s Goddard Center has a job opening at the top.
Only the government securities investment G fund managed to show improved returns over the last month, while all other stock and bond funds in the Thrift Savings Plan finished below their May performance and in the red.
Performance among the Thrift Savings Plan's stock funds was mixed last month and the Lifecycle funds slightly dropped.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
After a brief pause on investment changes, Thrift Savings Plan participants will get a host of new features starting in June.
FRTIB will update its platform interface, add new services and introduce a mobile app, requiring a pause in investment changes for TSP participants.
Last month marked approximately two years since the COVID-19 pandemic reached the U.S. in full effect and pushed the federal government into a maximum telework stance.
In today's Federal Newscast: Federal agency CIOs are finalizing plans to create and fund a zero-trust architecture. A former head of the TSA has died. And you can now sport ombre nails while in a Marine Corps uniform.
After a month of disappointing returns in January, Thrift Savings Plan funds closed out February trending positive. Performance is still negative over the past year.