The Thrift Savings Plan program will increase the proportion of some investments in certain stocks with the hopes of growing the amount of money annuitants receive after they retire. Agency officials of the Federal Retirement Thrift Investment Board outlined a 15-year...
When you retire, your Thrift Savings Plan account may be the largest source of income you draw from. You’ll want to avoid these mistakes to ensure you maximize your retirement income. Keep Your Beneficiary Forms Updated It may be easy to forget about doing this, but...
Your Thrift Savings Plan account is where you can save the easiest for your retirement. And for some federal employees, this account balance can be quite large. It may seem enticing to dip into this account if you’re in need of extra money or to put a down payment on...
Officials have announced how they plan to provide additional flexibility to Thrift Savings Plan participants. The 2017 TSP Modernization Act allows federal employees and retirees to make multiple age-based withdrawals from their TSP accounts and remain eligible for...
The Federal Retirement Thrift Investment Board (FRTIB) administers the Thrift Savings Plan and they are saying more military service members are opting into the new blended retirement system each month, however, thousands are forgetting an important step. Around...
The agency that administers the Thrift Savings Plan, the Federal Retirement Thrift Investment Board, received the lowest of 5 possible scores on a recent audit to determine its compliance with federal information security standards. The consulting firm, Williams...
Every year when the President releases his budget proposal, FERS employees and retirees wonder what kind of impact there may be regarding their benefits. Let’s look at each proposed change and its potential impact on retirement. Pay Freeze Impact: Moderate If an...
Saving for retirement is long-term. It’s an investment. It takes time. First, you need to establish your retirement goals and a strategy that helps you reach those goals. It’s much easier to stick to your plan once you have made goals and develop and a strategy. Avoid...
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, the differences between Traditional and Roth TSP accounts, loans, in-service and post-separation withdrawals, and life annuities, and taxes of...
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, the differences between Traditional and Roth TSP accounts, loans, in-service and post-separation withdrawals, and life annuities. This post focuses on taxes...
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, the differences between Traditional and Roth TSP accounts, loans, in-service and post-separation withdrawals. This post will look at another type of...
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...
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