Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
The Federal Reserve has released a new study gauging Americans’ overall financial health. The results show that while Americans have become more optimistic about their financial situations, many remain unprepared for retirement or an emergency situation.
Changing your TSP contribution election to add the Roth option can be a little tricky. If done wrong, this could cause a FERS participant to lose out on thousands of dollars. The author explains by way of a real life example how this can happen and how to avoid making the mistake yourself.
The author addresses some common misconceptions that federal employees have when it comes to investing in the Thrift Savings Plan and penalties they might incur for early withdrawals from their accounts. He provides details on some different strategies federal workers can use to avoid these extra taxes.
I am 56 years old and will retire under FERS after 24 years. Can I withdraw a partial amount from the TSP without penalties?
Before you can obtain disability retirement benefits, you must provide documentation to the Office of Personnel Management that shows you meet these eight criteria. The author provides details about each and what forms you must submit to OPM.
Spring Cleaning is basically just trimming away the excess, updating, and even evolving. It’s a great idea to do this with many areas of your life, including your retirement portfolio. The authors outline three simple steps you can take to put your spring cleaning plan for your retirement savings into action.
The House has passed legislation that would allow Federal law enforcement officers, firefighters, and air traffic controllers to make penalty-free withdrawals from governmental plans after age 50.
The G fund inside of the Thrift Savings Plan is known as the “super safe” selection of the TSP funds because it never loses money. But how does it perform over the course of an entire career?
The latest retirement status report from the Office of Personnel Management shows that the backlog of outstanding claims now sits at just over 18,000.
One of FedSmith.com’s readers shares his personal retirement story and advice for other federal employees based on his recent experience with the process.
