Don’t Make This Big TSP Retirement Mistake
The author describes a common mistake that he sees federal employees make that can leave their retirement savings in the TSP exposed to too much risk.
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.
The author describes a common mistake that he sees federal employees make that can leave their retirement savings in the TSP exposed to too much risk.
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
How should you invest your TSP savings in retirement? This is one strategy that can be a good option.
How is the 2022 COLA calculated for different groupings of federal retirees?
Recently introduced legislation would prohibit some federal employees from receiving their pensions if they were convicted of crimes in their official job duties.
The projected COLA increase for 2022 keeps going up. The latest inflation figures show inflation increasing and projected 6.1% COLA for 2022.
After retiring from federal service, federal employees can leave money in the TSP or move it to an IRA. These are some considerations in weighing this decision.
OPM is busier processing retirement applications at certain times of the year. This can increase how long it takes for you to start getting your pension.
The OPM retirement backlog edged slightly higher in June 2021.
Legislation has been reintroduced to allow a buyback for time working as a temporary employee to count toward federal retirement payments.