The stock market dropped in July ending a five month winning streak for the TSP C fund. For the year-to-date and the past twelve months, all of the TSP funds are showing a positive return.
The TSP is an efficient accumulation vehicle. Between it being payroll deducted, offering a match up to 5% and having low fees the TSP can be a great investment vehicle to save for retirement. What options do you have for taking money out in retirement? The author provides a basic overview of the withdrawal options.
A proposal has been made to raise the salary of the executive director of the TSP to 120% of the salary for the VP of the United States. Are you in favor of this proposal? Take the survey at the end of the article.
OPM has released the results of the 2013 Federal Employee Benefits Survey. The Thrift Savings Plan (TSP) was rated as one of the top benefits available to federal employees as well as the program with the highest enrollment among the federal workforce.
318,462 federal employees owed back taxes to the federal government as of September 20, 2013. Under a proposed rule, money in the TSP accounts of these individuals could be used to pay a tax levy.