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 Defending Public Safety Employees’ Retirement Act which would benefit federal employees in law enforcement is making progress towards becoming law after some recent actions in Congress.
The TSP issued the following statement today in the wake of the news about the massive cyber attack that has left millions of current and former federal workers’ personal data vulnerable:
We are aware of the U.S. Office of Personnel Management (OPM) cybersecurity incident. It is important to note that TSP account numbers are not shared with OPM.
More information is continuing to be released about the massive computer breach that hit the Office of Personnel Management’s computer network and left so many federal workers’ personal data potentially vulnerable. Here are the key facts you need to know about this ongoing situation.
The S and C funds provided healthy returns to investors in May but the I fund, while still leading for the year, finished in negative territory for May.
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.
Congressman Don Beyer (D-VA) has introduced legislation that would give federal employees the option to invest through the Thrift Savings Plan in companies that demonstrate a strong commitment to gender diversity and women’s economic empowerment. Is this a good idea?
The Federal Retirement Thrift Investment Board (FRTIB), the group that manages the Thrift Savings Plan (TSP), has announced that it has selected Blackrock Institutional Trust Company, N.A. as the manager for the C Fund.
I am 56 years old and will retire under FERS after 24 years. Can I withdraw a partial amount from the TSP without penalties?
