Good Year for TSP Investors: All Funds Up YTD and 12 Months
All of the TSP funds had positive returns in May and are also all up for the year-to-date and the past twelve months.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
All of the TSP funds had positive returns in May and are also all up for the year-to-date and the past twelve months.
Under the Federal Employee Retirement System, there is an option for a federal employee to retire at the minimum retirement age with as little as 10 years of service. This option is commonly referred to as MRA+10, but OPM has another name which is equally descriptive: reduced.
Americans face a growing risk that they will outlive their savings during retirement. The author says that the proposals to address this risk are wrong.
In calculating the 35 highest earnings years for WEP and Social Security, indexed for inflation, does that include the earnings that a CSRS retiree earned while employed in their federal positions?
The general rule is one cannot draw two salaries from the federal government, but there is a special exception for military personnel who are getting off active duty.
Senator Marco Rubio (R-FL) outlined a number of reforms for Social Security in a speech this week. The author says that while well intentioned, Rubio’s proposals would actually make Social Security less solvent.
Legislation introduced in the House this week would allow federal law enforcement officers (LEOs) and firefighters to withdraw funds from their Thrift Savings Plan accounts when they are eligible to retire without tax penalty.
Most federal employees know they should look at their long-term financial plan when considering retirement. Once the long-term plan is set, the next thing to account for is short-term cash flow right after retirement. In order to do that, it is important to understand the various sources of income that will be involved in the first year. Here is an overview of some of the key potential income sources you will have in retirement.
In a speech at the National Press Club today, Senator Marco Rubio (R-FL) offered several retirement reform proposals, one of which was opening the Thrift Savings Plan up to private sector workers.
The Special Retirement Supplement (SRS) is not paid by the Social Security Administration. It is paid by the Office of Personnel Management. This article provides a simplified example of how the SRS is calculated.