Tag: Retirement

Retirement Claims Backlog Dips Slightly in March

Filed in News by on April 6, 2015 Comments

The latest retirement processing status report from the Office of Personnel Management shows that the backlog of outstanding claims has come down slightly as of the end of March.

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Can You Retire Before Age 59.5 Without Incurring TSP Penalties?

Filed in News by on April 5, 2015 Comments

The author says that many federal employees have fixated on the age 59.5 with respect to supplementing income from the TSP without penalty. However, he says there are other options for accessing your money if you retire before this age.

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CSRS Employees: Should You Deposit Money to Cover Temporary Federal Employment Early In Your Career?

Filed in News by on March 31, 2015 Comments

CSRS employees often ask, “Should I deposit money to cover temporary time early in my career?” The author provides some considerations to help answer this question.

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Have You Forgotten About the Roth TSP?

Filed in News by on March 29, 2015 Comments

With all the talk about the TSP possibly opening up a mutual fund window and expanding withdrawal options, you may have forgotten that the TSP also offers a Roth option. The author describes the basics of how the Roth option works to help you decide if it is right for your situation.

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March Madness and Taxes

Filed in News by on March 18, 2015 Comments

March Madness is here! Yes, there’s the NCAA tournament, but the author reminds readers that it’s also tax season and provides some general tips to keep in mind as April 15th approaches.

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GOP Budget Calls for Increased Retirement Contributions

Filed in News by on March 17, 2015 Comments

The House of Representatives Budget Committee released its FY 2016 budget proposal today. Although it offers no specifics, the proposal calls for requiring federal employees and Members of Congress to make greater contributions towards their retirement programs.

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8 Threats for Retirement Accounts Under President Obama’s 2016 Proposed Budget

Filed in News by on March 9, 2015 Comments

While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. The author highlights eight budget provisions that would have a negative impact on many retirement accounts.

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Retirement Claims Backlog Grows Again in February

Filed in News by on March 6, 2015 Comments

OPM saw its outstanding backlog of retirement applications grow for a second straight month in February.

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