TSP Modernization Act is Now Law
The TSP Modernization Act, a bill allowing federal employees to make multiple age-based or post-separation withdrawals from the TSP, has now become law.
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.
The TSP Modernization Act, a bill allowing federal employees to make multiple age-based or post-separation withdrawals from the TSP, has now become law.
An amendment to the Senate’s tax reform bill that had the potential to impact federal employees who invest in the TSP has been taken off the table.
A proposed amendment to the Senate’s tax reform bill would eliminate current retirement savings catch-up contributions.
Recently introduced legislation would give disabled veterans a new option for saving for retirement utilizing the TSP.
The TSP is temporarily relaxing its hardship withdrawal rules to help federal employees impacted by the wildfires in California.
A request for proposal has been issued for a manager for the TSP’s F Fund.
Congress has passed the TSP Modernization Act and it is now on its way to the White House.
Republicans have unveiled their tax cut proposal, one which consolidates individual income tax brackets and leaves retirement plan contribution limits untouched.
The C fund topped all TSP funds in October returns, but the I fund is still ahead for the YTD.
Many people haven’t given much thought to how much income they will need in retirement. These are some tips on how to help you with your planning.