Required Minimum Distributions and Your TSP
The Thrift Savings Plan requires that participants who are 70.5 or older take required minimum distributions each year. Here is how this works.
The Thrift Savings Plan requires that participants who are 70.5 or older take required minimum distributions each year. Here is how this works.
There is a common belief that Members of Congress have a special pension that will pay them their full salary as a pension for as little as five years of Congressional service. Is this really true?
The Federal Employees Health Benefits program is one of the best benefits available to federal employees and retirees, and it can be carried into retirement after leaving federal service. The author describes some of the changes one can expect when carrying FEHB into retirement.
Where can I find good information on federal retirement? This is a common question many federal employees have. The author provides some suggestions.
How do required minimum distributions work with your traditional IRA? Here are some key facts for you to know.
How do you determine how much money you will need in retirement? A lot depends on the retirement lifestyle that you desire. The author discusses the “80% rule” and how it applies to giving you the lifestyle you desire to have in retirement.
Have the low interest rates we have been having for the last several years affected the amount of money a person would be entitled to if he chose the TSP annuity option?
These are some questions and answers that cover basic facts about FEGLI as well as considerations for federal employees who may be wondering what actions they should take during the upcoming open season.
Turning accumulated savings in the Thrift Savings Plan into a stream of income is a goal for federal employees who are hoping to retire at a comfortable level. The author looks at choices federal workers have both inside and outside of the TSP to generate retirement income.
Federal employees covered under CSRS Offset have special considerations when it comes to collecting Social Security in retirement. The author describes how this works and provides some real life examples based on a hypothetical scenario.