Withdrawing a steady amount from your TSP in retirement is something most people will need, but how exactly can federal retirees do this?
Once federal employees have maxed out their TSP accounts, they can begin saving in other areas to help fully realize their financial goals.
Social Security may be unable to fully pay benefits in the near future. Federal employees relying on it for part of their retirement income would be wise to make alternate plans.
The stock market is down, and many federal employees have seen their TSP savings go down with it. Should they put the money to use elsewhere?
Are you hanging onto your mortgage because of the tax deduction? Look closer and you may be very disappointed.
Federal employees under both Medicare and FEHB could see much higher insurance costs if they pick the wrong plan.
The TSP mutual fund window will allow federal employees to invest in mutual funds, but it comes with a high price tag.
Are you making any of these mistakes with your TSP account?
These are the top reasons as to why you should and should not consider paying your mortgage off early.
These are three common and potentially costly retirement mistakes that federal employees will want to avoid.