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?
What changes are likely to occur to your pay and benefits? These are some proposed changes federal workers might see under a new administration based on what we know today.
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.
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.
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.
What happens to your benefits as a federal employee if you leave before you are eligible to retire from federal service?
All TSP funds had positive returns in January and for the past 12 months. Here are the results.
These three points are critical in helping you develop a successful retirement plan for life after your federal career.
The stock market has reached a new all time high with a leading index hitting 20,000 this week. How should TSP investors react?