The majority of federal employees will not retire with a million dollars or more in their Thrift Savings Plan. However, the author notes that the potential exists for federal workers to generate retirement income equivalent to that of having a TSP portfolio of over $1 million using other benefits available to them.
Is a “Super Saver” Thrift Savings Plan program a future possibility for TSP investors? The author of a recent FedSmith article advocates a change and also clarifies and expands upon statements in response to observations on the article from an expert at the FRTIB.
The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement. What is the likelihood of this benefit also being made available to federal employees who invest in the Thrift Savings Plan?
The stock market made its biggest quarterly comeback since 1933 according to one recent headline. How did your TSP stock funds do in March?
The Internal Revenue Service said in a statement Monday that taxpayers who turned 70½ during 2015 must start receiving required minimum distributions (RMDs) in most cases from Individual Retirement Accounts (IRAs) and workplace retirement plans by Friday, April 1, 2016.