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April 19, 2024

Federal Employee Retirement and Benefits News

TSP & Retirement

Retirement Planning Terms You Should Know.

Although you can call quitting work "retirement" at any time, having enough money to sustain your post-work life takes careful planning. In addition to the fundamental...

Disability Insurance And Retirement Security Go Together

Most individuals are aware of the advantages of disability insurance in protecting one's income if they become ill or injured and cannot work. However, in addition to income protection, disability insurance can help protect retirement goals by avoiding early withdrawals....

The Federal Government wants to Improve Retirement Ways: Add Gold to Spend Golden Years with Ease

People are now looking for better retirement plans to make their future secure. In the U.S., Washington D.C. wants to improve how people live their retirement days; therefore, they want to improve the retirement system. According to a report, the...

Increased Retirement Spending Between Ages 62 and 80

According to research by the Institute for Fiscal Studies, individuals and coup...

Federal Retiree COLA 2023; The Highest Since 1981

COLA at 8.7% in 202...

Senators from The Republican Party made a last-minute appeal for the TSP to delay the opening of the mutual fund session

Legislators are concerned that the newly implemented federal retirement savings scheme may encourage government employees to invest in Chinese busin...

Here’s What you should Know About The Thrift Savings Plan

Most people don't know the main differences between the IRA, 401(k), and the Thrift Savings Plan. Some financial experts regard the TSP as the best plan for federal retirees. Therefore, you need to know the TSP-eligible participants, its yearly contribution...

The Limited Eligibility of a Lump-Sum Annuity

Lump-sum annuities (or lump-sum option or alternative form of an annuity) remain a primarily misunderstood portion of the fed...

Is It Right to Offer Too Many Health Benefits

Companies offer health benefits to attract the best employees and r...

The FERS Annuity Is A Great Deal

Whenever it comes to ensuring your financial security in retirement, the FERS annuities are a comparative steal. 

Medicare Deductibles and Premiums Will Decline in 2023

The projected cost of Medicare in 2023 surprises some younger seniors...

How Social Security Reform Can Help Those Disproportionally Affected by Retirement Tax Breaks

With a Social Security crisis still coming, Congress must approve legislation to prevent the Social Security trust fund from running out of resources by 2034, according to GoBankingRates.com forecasts. Some reform components urge people to save for retirement on their...

80% of Employees are Asking for this Retirement Benefit

Even though job openings dropped from Jul...

What is the TSP?

Put plainly, the Thrift Savings Plan (TSP) is a type of retirement plan made available to federal government employees, including uniformed service members and memb...

Considering retiring soon? How skyrocketing inflation will affect your retirement

Inflation. There are no indications that it will slow down any time soon, and there is no quick fix. 

Can You Retire Just Yet? Three Things to Consider

You may not be ready t...

Retirement COLA? Here’s What To Do

Millions of current and retired federal employees pay attention to the magnitude of the federal pay boost and the retiree inflation catchup every year. As a result, they are even more vital to the communities where they reside, vote, shop,...

Converting Money from a TSP Into an Annuity

Even though it's one o...

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