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Why does the IRS mandate Required Minimum Distributions (RMDs) from your traditional Thrift Savings Plan (TSP) once you hit 73? Simply put, it’s all about taxes....
Embarking on the journey of retirement often comes with apprehension, particularly for federal retirees who fear the prospect of exhausting their savings prematurely. However, by employing...
Many federal employees find the prospect of a Thrift Savings Plan (TSP) loan appealing for various reasons, particularly given the current trend of rising interest rates....
As you hit the half-century mark, retirement planning starts to take center stage. Here are five pivotal milestones to guide your retirement journey: 1. Age 50:...
The TSP Life Annuity, provided by MetLife, presents an alternative for TSP account holders seeking a distinct approach to managing their distributions. However, before diving in,...
Since its introduction in 2012, the Roth TSP has provided federal employees with an additional avenue for retirement savings. Let’s delve into the pros and cons...
As you embark on the journey of taking distributions from your Thrift Savings Plan (TSP) in retirement, a comprehensive understanding of your options is vital for...
The intricacies of the Thrift Savings Plan (TSP) may catch you off guard when you separate from service, as it can take up to 30 days...
Retirement planning starts long before you’re ready to head off into the sunset and enjoy your golden years. In fact,...
Divorce can shake up your Thrift Savings Plan (TSP), the retirement savings vehicle for federal employees. If you’re splitting up,...
According to 2024 data from the Federal Retirement Thrift Investment Board, the typical 60-year-old federal employee’s Thrift Savings Plan (TSP)...
Voluntary Retirement – Immediate Unreduced Annuity Requirement: Eligible for the retiree annuity supplement if you’re under 62You can carry your...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund...
On February 11, President Trump signed an Executive Order directing federal agencies to implement the Department of Government Efficiency’s workforce...
A federal judge on Monday extended his injunction preventing the Trump administration from implementing its contentious “deferred resignations” program, just...
The Office of Personnel Management (OPM) has granted federal agencies the authority to offer voluntary early retirement (VERA) alongside the...
Throughout your federal career, your Thrift Savings Plan (TSP) balance is likely to grow into a significant asset. With its...