Tax Strategies When Taking TSP Withdrawals
Tax planning is important when withdrawing money from your TSP account, otherwise you may be paying more in taxes than you have to.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
Tax planning is important when withdrawing money from your TSP account, otherwise you may be paying more in taxes than you have to.
How FEHB plans cover weight loss drugs for federal employees varies widely.
So far, 2024 has been a great year for TSP returns. All TSP Funds, with one exception, are showing a positive return in 2024.
What is the new benchmark index for the TSP’s I Fund all about?
TSP returns are off to a strong start in 2024. One fund is up almost 10%.
These are some important facts about bull markets.
The rapid expansion of federal employee locality pay is continuing. Here is a proposed list adding about 15,000 more employees to locality pay areas in 2025.
The 2025 Republican Study Committee budget proposal would make various reforms to federal employee pay and benefits.
The SECURE Act 2.0 made changes to the TSP that are important for federal employees.
These are four key areas federal employees must consider when managing their TSP accounts.