Retirement

Will I Be Forced to Spend My TSP When I Get Older?

By on February 14, 2017 in Q&A, Retirement with 0 Comments
Will I Be Forced to Spend My TSP When I Get Older?

I am 61 and getting ready to retire soon when I turn 62 and can draw my Social Security. It doesn’t appear I will ever need to touch my TSP or IRA, however, I was told I have to spend my TSP when I get older – is this true?

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Deferred Retirement for a Departing Federal Employee

By on February 7, 2017 in Retirement with 0 Comments
Deferred Retirement for a Departing Federal Employee

These are some facts about deferred retirement that could be critical for a federal employee.

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Be Aware of TSP Spousal Beneficiary Rules

By on February 7, 2017 in Pay & Benefits, Retirement with 0 Comments
Be Aware of TSP Spousal Beneficiary Rules

A TSP participant can designate anyone as a beneficiary to a TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP. The author says it’s important to understand all implications of a spousal beneficiary deciding to keep funds inside of the TSP.

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After Trump: A Surge of Federal Employees Leaving Government?

By on February 7, 2017 in Retirement with 0 Comments
After Trump: A Surge of Federal Employees Leaving Government?

With a significant percentage of federal employees indicating they may quit if Donald Trump should be elected, the number of retirement claims should have surged more than usual in January. That did not happen.

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OPM’s Retirement Backlog Surges 53% in January

By on February 6, 2017 in Retirement with 0 Comments
OPM’s Retirement Backlog Surges 53% in January

The annual surge of retiring federal employees to kick off the new year has led to a sizable increase in OPM’s backlog of retirement applications.

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How Some Federal Employees Can Avoid a 10% Penalty on TSP Withdrawals

By on February 5, 2017 in Retirement with 0 Comments
How Some Federal Employees Can Avoid a 10% Penalty on TSP Withdrawals

Certain categories of federal annuitants can now make penalty free withdrawals from the Thrift Savings Plan. Here is how to avoid incurring this 10% penalty.

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New Military Retirement System Has Big Changes

By on February 4, 2017 in Retirement with 0 Comments
New Military Retirement System Has Big Changes

A new military retirement system is going into effect. Here is how it will work.

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How Rising Interest Rates May Hurt the Performance of the F Fund

By on February 2, 2017 in Retirement with 0 Comments
How Rising Interest Rates May Hurt the Performance of the F Fund

The author says that because the F Fund has benefited from a very long period of declining interest rates, it may shock investors to find out that the fund’s performance could be lower going forward as interest rates rise.

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What Happens to Your Federal Benefits If You Leave Before You Are Eligible to Retire?

By on February 1, 2017 in Pay & Benefits, Retirement with 0 Comments
What Happens to Your Federal Benefits If You Leave Before You Are Eligible to Retire?

What happens to your benefits as a federal employee if you leave before you are eligible to retire from federal service?

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January Off to Positive Start for All TSP Investors

By on February 1, 2017 in Pay & Benefits, Retirement with 0 Comments
January Off to Positive Start for All TSP Investors

All TSP funds had positive returns in January and for the past 12 months. Here are the results.

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