If you are a federal employee age 65 or older, you are eligible to enroll in Medicare. Enrollment in the Federal Employee Health Benefits Program has great benefits, so often, federal employees don’t see the need for Medicare. However, Medicare demands enrollment and...
We’re entering the peak season of federal employees filing for retirement. January and February are historically the months where the Office of Personnel Management receives the highest number of retirement claims. Along with filing for retirement, federal employees...
If you are a federal worker who is eligible for more than one type of disability (i.e. disability retirement, social security disability, workers’ compensation, etc.), pay special attention to benefit interactions and offsets. Sometimes, not knowing these...
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, and the differences between Traditional and Roth TSP accounts. The next couple of posts will look at loans, in-service and post-separation withdrawals, and...
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, and the differences between Traditional and Roth TSP accounts. The next couple of posts will look at loans, withdrawals, and refunds in your TSP account,...
The current continuing resolution is set to expire at the end of the day on December 8, so talk of a government shutdown is starting back up. Earlier this week, President Trump and congressional leaders had a meeting scheduled. Then, the president tweeted, “I don’t...
The Federal Benefits Open Season is in full swing. This is the time of year federal employees and retirees can review their health, dental, vision, and tax saving needs and make changes to, or enroll in, the right plan for your current situation. You may make changes...
There are two programs used by the federal government to reduce the number of employees within its agencies; Voluntary Separation Incentive Payments (VSIP) and Voluntary Early Retirement Authority (VERA). VSIP The program is also called Buy Out Authority. It’s an...
The VA released its proposal to restructure the current Veteran’s Choice Program. The proposal, the Veterans’ Coordinated Access, and Rewarding Experiences (CARE) Act suggests eliminating the current eligibility requirements that veterans must meet to qualify for care...
Previous posts have looked at the I fund of the TSP and why people may shy away from investing in it, and at the other funds—G, C, S, F. Now, we will focus on the L funds in the TSP, or Lifecycle funds. Lifecycle Funds Lifecycle funds use determined investment mixes...
A previous post looked at the I fund of the Thrift Savings Plan. This post will look at a few more of the funds available under the TSP. G Fund—Government Securities Investment Fund The objective of this fund is to produce a rate of return that is higher than...
Investing, whether in an employer-sponsored retirement program or in stocks and bonds, is risky. Weighing the risk-reward ratio is important in determining where to invest your money. Stocks rise and fall often and learning as much as possible about these funds will...
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