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...
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,...
The debt limit has not been raised by Congress so the debt ceiling for the federal government was reached in March 2017. During this time, the Department of Treasury has been using “extraordinary measures” so the federal government can pay its’ bills. However, they...
Legislation has been introduced in the House of Representatives to allow federal employees to make multiple age based and post-separation withdrawal from their TSP accounts. The TSP Modernization Act of 2017 was introduced by Congressman Mark Meadows (R-NC) and Elijah...
The Federal Employees Retirement System has three parts; pension, Thrift Savings Plan, and Social Security. We all want to retire as early as possible, but do you know how possibly retiring early can affect the Social Security part of your pension or all of it? You...
The panel overseeing the Thrift Savings Plan unanimously approved offering lifecycle funds targeted to within 5 years of the participants’ expected retirement date rather than the current 10-year increments. It was recommended that TSP investment options follow a...
Yesterday, we looked at what happens to your benefits when you leave federal service before becoming eligible for retirement. This post will look at what happens to your benefits if you leave federal service, and then return to federal service. The following apply...
People leave jobs all the time, for various reasons. Those who work in the federal government are no different. As with any job move, you must think about health insurance, 401k, annual leave, etc. While leaving federal service requires you to think about these as...
This question may seem like a silly one. You may even be thinking “Isn’t the point to contribute as much as possible so I can have the most money I can at retirement?”. Yes, you want to have the most money you possibly can at retirement. However, there comes a point...
The TSP Modernization Act, introduced by Senators Rob Portman (R-OH) and Tom Carper (D-RI), could allow for more flexible withdrawal options. One of the primary goals of the bill is to encourage federal workers to leave their savings in their TSP after leaving federal...
There are special retirement rules for FERS and CSRS employees covered under the Special Retirement Provisions. This can cause a challenge when these employees become eligible to retire because they can become eligible at a younger age and have a mandatory retirement...
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