A Treasure Trove of Goodies
A bill currently working its way through Congress would allow FERS employees to count sick leave in computing their annuity payments. The same bill would also make administrative changes to the Thrift Savings Plan.
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.
A bill currently working its way through Congress would allow FERS employees to count sick leave in computing their annuity payments. The same bill would also make administrative changes to the Thrift Savings Plan.
A new bill to change the regulation of tobacco has passed the House. Embedded in this legislation are changes to the Thrift Savings Plan. If Congress sees an advantage in changing a program with billions of dollars at stake and some small portion of those billions represent your personal financial future in retirement, you may want to pay attention.
Investors in the Thrift Savings Plan (TSP) stock funds are understandably discouraged. Investors have been fleeing to the safety of the G fund. When did the C fund last return more than 10% in a month? It has been almost 18 years. But here is good news: The March returns (so far) are very good for all of the stock funds and are now close to setting new records for the biggest monthly returns for these funds.
TSP investors are setting records for putting money into the G fund. Does this mean we have reached a market bottom?
This is Title IV, entitled the “Thrift Savings Plan Enhancement” which is part of HR 1256 entitled the “Family Smoking Prevention and Tobacco Control Act.”
The internet can spread rumors faster than a flu virus. The latest one to impact the federal workforce: accounting irregularities in the I fund and the role of a fictitious individual.
When it comes to investing our money, most people put short-term political views aside. When spending their money, they focus on the future of business and the prospects for future growth. If they are confident, stock prices go up. If they are pessimistic, stock prices go down. TSP stock funds dropped dramatically again in February with one fund, the G fund, the only TSP fund with a positive return for the month and for the year.
You have reason to feel your financial future is at risk. We are in an uncertain economic situation. So what about your future retirement? Should you be putting money into the G fund, the F fund or into stocks? Here is a summary of professional investment prognosticators at a recent event for investors. It is not optimistic but may be helpful to you in planning your financial future.
January is often cited as a harbinger for stock market returns for the remainder of the year. TSP investors are hoping that does not hold true for 2009. The stock market dropped significantly, breaking a 113 year record for the lowest returns in January. The January Thrift Savings Plan returns reflect the market decline.
The drop in the value of your Thrift Savings Plan in 2008 may have you worried–especially if you are already retired. recent legislation allows investors to avoid taking the minimum required distribution in 2009. But to take advantage, you need to act sooner rather than later.