Number of TSP Millionaires Hits Record High in 2023
The stock market rally in 2023 led to a record setting increase in the number of TSP millionaires.
The stock market rally in 2023 led to a record setting increase in the number of TSP millionaires.
This detailed example illustrates ways that federal employees under FERS can minimize taxes on their retirement income.
There are ultimately only 3 variables federal employees can control to try to increase their FERS pensions.
L Fund investments are increasing in the TSP. CSRS participation is declining as these investors age. More federal employees now getting the full match.
This colorful chart is a visual aid to help federal employees diversify their TSP investments for retirement.
The average federal salary now tops $100,000—not including the 5.25% average pay raise in 2024. Most federal employees are now in a locality pay area.
For federal employees who are eligible, contributing to multiple retirement accounts can help to build wealth for retirement.
These are five things you should expect in your first year of retirement.
These two things will put a dent in federal retirees’ finances if not addressed.
Federal employees and retirees should stay tuned for how the TSP will accomplish its implementation of the SECURE Act 2.0.