New TSP Annuity COLA Computation Rate Coming in March
TSP annuities will have a new formula used to calculate their cost of living adjustments starting this spring.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
TSP annuities will have a new formula used to calculate their cost of living adjustments starting this spring.
The 2021 budget proposes major changes in federal benefits to align more closely with private sector benefits.
A task force report urges major changes to the civil service system from pay and benefits to handling removal actions and appeals by federal employees.
As the author explains, federal employees who think their taxes will be lower in retirement could be in for an unpleasant surprise.
Stock markets reacted quickly to news of a virus spreading quickly. The January TSP returns reflect this fear.
The FRTIB announced that it has awarded its life annuity contract for the TSP to MetLife.
The author says taxes could rise in the future, making traditional tax planning strategies less effective.
When it comes to retirement, “going with the flow” can have serious negative consequences for your investments. The author highlights some common pitfalls.
A proposed rule aims to simplify the catch-up contribution process for the TSP.
The TSP is a great benefit for federal employees, and recent changes offered improvements. However, the author cautions about some of the lesser known pitfalls.