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March 29, 2024

Federal Employee Retirement and Benefits News

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Why I Decided to Buy Life Insurance for My Young Children

Why I Decided to Buy Life Insurance for My Young Children Given that life insurance is specifically designed to protect against income losses, financial specialists often argue that it is unnecessary for children because they earn little or no money. Some also claim that life insurance policies for children are poor investments, reasoning that it's...Read More

What Will the Condition of Your FEHB be After Retirement? 

One area federal employees ask a lot of questions about is the FEHB program. Here a few ways in which the plan changes for Feds after retirement. Does FEHB Coverage End With Retirement?  No, it does not. Feds can continue enjoying the Federal Employees Health Benefits (FEHB) coverage after retirement as long as they fulfill

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Americans with a DC Plan more Optimistic about Retirement Savings

A new survey has revealed that the Americans who have a DC plan are more optimistic about their retirement savings. The satisfaction was mapped against the data collected in 2012. People were also more optimistic about not having to work past retirement and their savings lasting for the lifetime. The survey highlighted that some DC

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TSP S Fund Shows on Top

The stock market performed well for investors this past July. The Dow Jones average was up by over four percent for the month. The S&P 500 (the index by which the C fund is based) rose 3.1% over the month, while the Nasdaq went up 1.6%. July’s Highest Performing TSP Fund There were positive returns...Read More

How To Choose A Supplemental Investment For Your TSP | Linda Jensen

LINDA JENSEN - About five million people have a good chunk of their retirement savings in the TSP (or Thrift Savings Plan), but there are many of them are not using it to its full potential. What is the TSP? It’s the government’s correspondent to a company’s 401(k) plan.  Money is automatically put into a plan...Read More

Defense Department Reports On Take-Rates Projections For BRS

A report from the Defense Department’s Office of Actuary provides “take-rates” projection for its new Blended Retirement System (BRS). Service members can choose a lump-sum, six-figure amount but they relinquish up to 50 percent of their earned retired pay until they reach 67-years of age. The latest “Valuation of the Military Retirement System” report suggests...Read More

How The Feds Raising Rates Impact The F and G Funds – Linda Jensen

LINDA JENSEN - The federal government has raised key interest rates again, ranging from 1.75 percent to two percent, making it the seventh time the U.S. Federal Reserve has raised prices since 2015. Rates were increased 0.25 percent each time. On top of that, the Fed noted that it was possible two additional increases would...Read More

How The TSP Funds Could Be Affected By Tariffs and New Governments

Two things are affecting the worldwide financial markets – changes in the European government and international tariffs.  The TSP funds most affected by tariffs will be the stock-based TSP funds and this impact could last through the end of the year. For months, U.S. President Donald Trump said he would impose tariffs on imported aluminum and steel...Read More

TSP Officials Provide Explanation Of Law’s TSP Withdrawal Guidelines

Federal government officials recently announced how they’re going to offer TSP participants for additional flexibility in response to the law President Donald Trump signed last year.   The 2017 TSP Modernization Act lets federal employees and retirees make several age-based withdrawals from their accounts and still be eligible for the partial withdrawals when they finally...Read More

Battle Regarding Official Time and TSP Takes Place On Capitol Hill

Capitol Hill recently held a touchy hearing and debate about the practice of union federal employee members being paidwhile carrying out representational duties. The matter ended with an executive order to reduce its use.   House Oversight and Government Reform Committee Republicans attacked the official time practice in a hearing that didn’t include any information...Read More

BRS Enrollment and Participation Not As Strong As Predicted

More than 200,000 military personnel have signed up for the new Blended Retirement System. That’s the word coming from the federal government officials in charge of the 401(k)-like retirement savings Program – Thrift Savings Plan.   Starting Jan. 1, 2019 the federal government will start to match the TSP contributions of active duty service members....Read More

Planning For Retirement in the Light of Proposed Benefit Cuts

News of the impending benefits cuts is spreading like wildfire. Among these proposals are changing from a high 3 to a high 5 tension estimation method, COLA reductions, and hiked FERS contributions.   Recently, the Office of Personnel Management asked Congress to help narrow the gap between federal benefits and those of the private sector. Although...Read More

You Could Soon File Insurance Claims with Robots

What is TSP? Nowadays, Artificial Intelligence is the rage across different industries. Surprisingly, the insurance industry is a significant investor in AI-driven technology.    A 2017 Global Trends Study estimates that the insurance sector spent an average of $124 million in AI technology. Interestingly, this amount is $54 million more than the average of other surveyed industries....Read More

New Ruling States Federal Employees Must Reveal Cryptocurrency Holdings

If you have invested in Bitcoin, Dogecoin, or any number of other alternative cryptocurrencies, you may be obligated to reveal those holdings. A new US Office of Government Ethics (OGE) order requires all federal employees to disclose any crypto assets they own. The guideline issued on June 18, 2018, affects 2 million federal executives and...Read More

Linda Jensen | Top Four Tips for IUL Shopping

Linda Jensen: Your IUL Guide LINDA JENSEN - Obtaining a universal life insurance policy that suits your unique needs is often a challenging undertaking. But why is that so? It is because universal life insurance policies are flexible products. Given that, selecting the right one requires that you evaluate between numerous available options. Most likely you...Read More

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