Despite the TSP’s money-saving low administrative fees many retirees want more investment options and also more freedom to get at their money.
New withdrawal options and a strategy to help participants with catch-up contributions are among the new features coming to the Thrift Savings Plan within the next year so.
The agency that administers the Thrift Savings Plan said there may be a legislative movement building in Congress to allow federal employees more flexibility to tap into their TSP accounts with fewer penalties during future government shutdowns.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is also designing new forms that will help walk participants through the coming changes to their withdrawal options.
The agency that administers the Thrift Savings Plan is planning to implement new withdrawal options for its participants by next September. Here’s what participants need to know about those options.
All but one fund in the Thrift Savings Plan continued to make positive gains between April and May, and only one finished the month in the red.
The Federal Retirement Thrift Investment Board, the agency that administers the TSP, is planning a series of sweeping changes to withdrawal rules and installment payments for participants by September 2019.
Big changes are coming to the Thrift Saving Plan. Kim Weaver, director of External Affairs for the TSP, joins host Mike Causey on this week’s Your Turn to talk about the changes, which include making it easier for participants to make withdrawals from their accounts. May 23, 2018