What’s the Real Value of a TSP and FERS Annuity?
The majority of federal employees will not retire with over $1 million in the TSP, however, the author says there are ways to generate equivalent income via other means.
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 majority of federal employees will not retire with over $1 million in the TSP, however, the author says there are ways to generate equivalent income via other means.
I’ve been told that I cannot contribute to an IRA for either 2015 or 2016 if I’m fully funding my TSP account; is that true?
TSP investors withdrew money from the TSP stock funds in February, just in time for a significant rebound in these funds in March.
Is a “Super Saver” Thrift Savings Plan program a future possibility for TSP investors? The author of a recent FedSmith article advocates a change and also clarifies and expands upon statements in response to observations on the article from an expert at the FRTIB.
The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement.
The stock market made its biggest quarterly comeback since 1933 according to one recent headline. How did your TSP stock funds do in March?
The Internal Revenue Service said in a statement Monday that taxpayers who turned 70½ during 2015 must start receiving required minimum distributions (RMDs) in most cases from Individual Retirement Accounts (IRAs) and workplace retirement plans by Friday, April 1, 2016.
If you are the spouse of a federal employee who has passed away, what do you need to do with regards to the benefits? And if you are a federal employee, what should you do to make sure your spouse is prepared if you die? This is a list of steps to take should this unfortunate event take place.
The House Budget Committee released its budget proposal for 2017 last week, but details at the time were lacking about what it might mean for federal workers. However, a new report from the Committee gives federal employees a glimpse into what the House budget would mean for them.
What can federal employees expect to happen to their benefits if they pass away after retiring from federal service?