Can You Outperform Social Security?
The average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?
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 average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?
The author says that utilizing the TSP effectively is key to a comfortable retirement and outlines some important contribution strategies to consider in your retirement planning.
Previous experience has demonstrated that stock market returns in January are often a precursor to how the stock market will look on December 31st. If that holds true, 2013 should be a good year for stocks.
What can go wrong with your retirement application under FERS? A retired federal employee shares a frank, personal perspective of her experience, her frustration and offers advice on how to realistically prepare for retirement under FERS in the hope it will help other federal workers be better prepared for the experience.
How good is the Thrift Savings Plan? Its advantages for investors, including the rates of return, are unique, very favorable, and only available to those in the federal community.
A petition has been filed asking the administration to stop withholding payments to the G fund.
Treasury Secretary Timothy Geithner said that the government has begun borrowing from the federal employee pension fund to keep operating without passing the approaching debt limit.
The TSP is examining the possibility of adding a Roth conversion option for participants.
TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government can use money from the G fund to help pay the federal debt.
TSP investors can look back at 2012 and feel good about their TSP investments as all of the funds provided a positive return.