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...
A previous blog introduced you to a new retirement system for military members. Now, there is more information on that system and how it will affect service members. The Federal Retirement Thrift Investment Board, the agency that administers the Thrift Savings Plan,...
The 2018 Cost of Living Adjustment is set using the Bureau of Labor Statistics (BLS) CPI-W index, however, there are other possibilities for making the adjustment in 2019 and beyond. The BLS may have several ways of measuring COLAs using different measures of...
The Thrift Savings Plan is one part of the Federal Employees Retirement System, so it’s an important part of your retirement income. The following are Thrift Savings Plan mistakes you should avoid. Not Updating Beneficiary Forms This Thrift Savings Plan mistake can...
When you begin work in the federal government under the Federal Employees Retirement System, your agency automatically sets up a Thrift Savings Plan. Each pay period, they deposit an amount that is equal to one percent of your basic pay into that account. Of course,...
Once you retire from federal service, you face new tax issues. This could affect whether you change tax brackets or not. Retirement generally means lower income, so that means lower taxes, right? Maybe. But retirement can also mean multiple sources of income, which...
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