Create A Spending Log
As you begin to prepare for Federal retirement, it is important to make certain you are eliminating as much waste as possible.
...Read MoreAs you begin to prepare for Federal retirement, it is important to make certain you are eliminating as much waste as possible.
...Read MoreThink of yourself as a maximumlist – willing to maximize every opportunity that comes your way and the TSP is no exception.
...Read MoreThe government matches up to 5% of what you contribute to the TSP. Not investing in the TSP is akin to giving away free money.
...Read MoreA Registered Investment Advisor (RIA) is required by law to not only give you suitable advice or recommendations, but must act with a tremendous amount of fiduciary responsibility. Both are regulated by the Securities Exchange Act of 1934 but to different degrees or operating parameters.
...Read MoreYour Thrift Savings Plan (TSP) is funded via payroll deductions. Therefore, once you are no longer an employee your participation in the TSP stops as far as being able to make contributions. However, you don’t have to take your money out of the TSP, you just cannot put money into it.
...Read MoreThere are five core investment funds available in the TSP:
...Read MoreThe rules governing distributions from your TSP are complicated and the tax treatment of TSP Annuity is also complex, it is important to be informed and knowledgeable about the various tax regulations.
...Read MoreWhen a retired federal employee dies, notification should not only be made to the Office of Personnel Management but to the Thrift Savings Plan (TSP) if the deceased was a participant.
...Read MoreThere are circumstances where the death of a loved one is so overwhelming, taking care of necessary business might have to be delegated to someone else – this is where the TSP Power of Attorney would come into play.
...Read MoreWhen a family member passes away most of us are not only pained by the passing but saturated with how to pay for the arrangements and everything else that comes with death.
...Read MoreWhen an individual passes away who was a participant in the TSP and has a valid designation of beneficiary form on file on the date of death, the TSP will make the distribution accordingly.
...Read MoreYou are required to complete the TSP 17 form so that the TSP can determine potential beneficiaries. The TSP 17 has several parts and must be completed with care.
...Read MoreDon’t go through the challenges of retirement alone. If you don’t feel comfortable talking to your family about your fears and anxieties, you can always get counseling from a career coach or some other professional familiar with the highs and lows people experience about retirement.
...Read Morecertainly the last 5 years before retirement is a time you should save like never before. These last 5 years should be seen as preparing to come into the home stretch of your retirement years.
...Read MoreFunding your account through TSP.gov, with the specifc goal of getting the maximum benefits, is a good goal to set.
...Read MoreWithin your TSP.gov Account the money you invest in the Thrift Savings Plan (TSP) and the agency match is yours immediately and you are therefore vested. However…
...Read MoreWhat do tax-deferred instruments like the Thrift Savings Plan do for federal and postal employees?
...Read MoreWithout missing a beat, I said most emphatically “It certainly does.” It is more intense because financial advisors and planners need to know more about the Federal Retirement Systems than the federal workforce.
...Read MoreCopyright © 2024 - Public Sector Retirement, LLC. All Rights Reserved.
Not affiliated with The United States Office of Personnel Management or any government agency