In March of 2020, there were 27,212 individuals with $1 million or more in their Thrift Savings Plan accounts. One year later, the TSP millionaires club has grown to 84,808 members.
The number of active and retired feds with $1 million or more in their Thrift Savings Plan accounts has jumped to a record 84,808 as of March 31 of this year.
Want to have a million dollars, at least, in your federal Thrift Savings Plan when you retire? Abraham Grungold, a financial adviser and current federal employee, can help you reach that goal.
It's a stretch to say Thrift Savings Plan participants are over the G fund, but the array of lifecycle options are picking up popularity for several reasons.
More Thrift Savings Plan investors than you think may not understand exactly what their retirement nest egg is invested in.
What's a glassy-eyed carp in a dirty pond got to do with pandemic life?
Financial planner Arthur Stein says that many feds don’t understand that their TSP retirement nest egg is not really an investment.
What do you think you would have done had your crystal ball been working a year ago? Better yet, what will you do the next time?
In today's Federal Newscast, the Thrift Savings Plan crosses the $700-billion threshold for the first time ever.
In today's Federal Newscast: Thousands of participants, embracing the CARES Act, have taken money out of their TSPs. Furloughs at USCIS have been canceled or, perhaps, just postponed. And Chad Wolf might finally get a permanent job, after serving as acting DHS secretary since November.
“The perils of timing the market," financial adviser Arthur Stein said. “ It’s just extremely hard to do.”
How you can mitigate the sequence of returns risk from minimum required distributions
If federal workers and retirees found themselves sleepwalking through the last 11 years of Wall Street’s bull market, retirement benefits specialist Tammy Flanagan, says the pandemic-driven stock-market volatility has been “a wake-up call.”
If you had $105,000 in your Thrift Savings Plan (TSP) on Valentine’s Day 2020, by St. Patrick’s Day it had dropped some $20,000, to about $85,000.
It feels instinctual to want to sell securities now, but it's an instinct you should ignore.