Phased Retirement and the TSP
The Thrift Savings Plan has issued some guidelines for federal employees who fall under the new phased retirement status to be aware of as they transition into the new phased retirement program.
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 Thrift Savings Plan has issued some guidelines for federal employees who fall under the new phased retirement status to be aware of as they transition into the new phased retirement program.
The stock market dropped in July ending a five month winning streak for the TSP C fund. For the year-to-date and the past twelve months, all of the TSP funds are showing a positive return.
Under what circumstances can you contribute to a Roth IRA outside of the TSP?
A proposal has been made to raise the salary of the executive director of the TSP to 120% of the salary for the VP of the United States. Are you in favor of this proposal? Take the survey at the end of the article.
The Federal Retirement Thrift Investment Board (FRTIB) announced this week that it has selected Blackrock Institutional Trust Company, N.A. as the investment manager for its Small Cap Stock Index Investment Fund (S Fund).
A bill that just passed the House would put newly hired federal employees into a new default investment in the Thrift Savings Plan.
OPM has released the results of the 2013 Federal Employee Benefits Survey. The Thrift Savings Plan (TSP) was rated as one of the top benefits available to federal employees as well as the program with the highest enrollment among the federal workforce.
318,462 federal employees owed back taxes to the federal government as of September 20, 2013. Under a proposed rule, money in the TSP accounts of these individuals could be used to pay a tax levy.
All of the TSP funds are higher so far this year, led by the C fund with a gain of more than 7%.
The author offers ten questions you need to keep in mind for your financial situation as you near retirement from your federal career.