The Federal Employee retirement system designed a retirement savings plan known as Thrift Savings Plan or the TSP. The TSP is available to all current as well as retired federal employees who were engaged in … Read More
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Legislation Relaxing TSP Withdrawal Rules, which could impact every federal employees has been proposed. Bill S.873 under the TSP modernization Act (Senators Rob Portman and Tom Carper) on April 6th has been designed to simplify TSP withdrawals.
The recent article in the Wall Street Journal suggesting that allowing Social Security funds to invest in equities could increase the investment returns. The article suggested that this move could improve the long-term financial outlook of the Social Security Trust … Read More
Whether or not Federal Agencies are responsible for retirement education and planning information is no longer a matter for debate. It is mandatory for every federal agency to ensure that people have a financial & retirement strategy and a plan … Read More
As per a report shared by OPM bargaining unit federal employees’ are using more formal time when compared to the last report. AFGE considers this time to be minuscule as compared to the times used by the entire workforce. The … Read More
A new study has revealed that a majority of Americans have never hired a financial planning expert. This lack has resulted in less familiarity with terms like annuities, long-term care insurance, etc. People without an expert guidance also run a … Read More
Recently released OPM Releases Revised Guidance on administrative furloughs for federal employees and agencies. These guidelines come at a crucial time when Trump administration is pressing for cutting down the federal workforce to save extra expenses. The guidelines also mention … Read More
New legislation introduced in the Senate is threatening federal employees’ bonuses. Three Senators are supporting the bill, and they propagate that they are saving the hard earned money of the taxpayers. If this bill becomes law, the chances are high … Read More
TSP or Thrift Savings Plan has recently admitted that federal government is currently borrowing from the TSP G Fund so that it doesn’t run up against the debt ceiling limit. This borrowing would not impact the current and former federal … Read More
Thrift Savings Plan account safety can be taken for granted. When their TSP accounts are hacked, however, people usually blame the board. If you don’t wish to be a part of this vicious cycle and you are hoping that all … Read More
More and more Federal Employees are amassing more than $1 million in their TSP or thrift savings plan account. The reasons vary from the safety of the investment options to government contributions, to good performance. It is believed that if … Read More
A congressman is attempting to create federal retirement benefit increases. The proposal offers the new calculation using CPI-E vs. CPI-W. Using CPI- U instead of CPI-W is also being proposed. It is not clear whether the Congress would even nod … Read More