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April 24, 2024

Federal Employee Retirement and Benefits News

TSP & Retirement

A Breakdown Of The Basics Of Life Insurance

The industry education organization Life Happens declared September as "

The TRICARE Fact Sheet Can Help You Choose the Best Dental Plan

Do you want to make the most of your TRICARE dental coverage? Remember that dental coverage differs from TRICARE'S medical care, so it's essential to understand the difference between plans. To learn more about each dental plan and if you qualify, check...

Outside-the-Box Ways to Fund Retirement

Here are some unconventional ways to make money in your senior years. Dividends You might have invested for years without worrying about cash flow. Regular income paid expenses and created r...

An Annuity from TSP Money

One of the several Thrift Savings Plan (TSP) withdrawal options is an annuity, and it is the least used. Payments may be paid...

Are 5000 new TSP Options Too Many?

What if your favorite eating establishment's menu grew from 15 to over 5,000 new options? Could you deal with it? Do you think it's a good idea, or do you think it's a bad idea? Maybe you'll choke on your...

Seven Aspects In Which Your Financial Literacy Changes Once You Retire

Financial literacy covers a broad range of topics, including budgeting, saving, investing, and retirement planning. How...

The Oklahoma City Bill Exempts Veterans From Retirement Taxes.

Republican Reps. Kevin McDugle, Tammy Townley, R-Broken Arrow, Robert Manger, and R-Ardmore of Oklahoma City celebrated the approval of their bill in the House of Representatives. This bill would grant Oklahoma veterans a 100% tax exemption on their retirement be...

You may be eligible for the Lump-Sum Annuity.

One of the most misunderstood components of federal retirement policy is the "lump-sum option," often known as the "alternative form of an annuity." Even though it is no longer widely available, many employees nearing retirement age still ask for it.

Senate Urges Diversity in TSP Offerings

Senate Democrats are urging the Federal Retirement Thrift Investment Board in Washington to give federal employees more options for investing in funds managed by various a...

How Congress Wants to Curb Early Retirement Withdrawals

Moving a 401(k) from one employer to another might be inconvenient. Still, it's preferable to cash out the account and possibly lose thousands of dollars by retirement, not to mention the extra taxes and penalties you’d have to pay. Every...

TSP Investing in Chinese Companies

In recent years, environmental, social, and governance-oriented (ESG) investing has seen an upsurge. The Federal Retirement Thrift Investment Board (FRTIB) decided to join the trend last fall by investing in an index fund with some Chinese companies. Despite much criticism...

TSP Premature Withdrawal Consequences: Traditional and Roth

The Internal Revenue Code imposes penalties in specific situations, including a ten percent penalty for premature withdrawals from retirement funds. What is premature? That is debatable. In this post, we will explore the age you'd have to be to escape...

Social Security and the Offset for Government Pensions

What if you were employed by the government but did not contribute to Social Security while you were employed...

Re-designation of Many Federal Employees for Higher Pay Zones

Many employees have been removed from their positions due to locality-based payments. It was planned and estimated by the evidence provided. According to the report provided by the U.S. Office of Personnel Management (OPM), many employees will be re-designated to...

TSP Account; Do You Know Your Beneficiary?

There is a need for people to be certain of their TSP-3 beneficiary. Thus, this...

Going Back To Work Again After Retirement

Federal agencies frequently reach out to federal retirees as a potential source of recruits, particularly for highly specia...

FERS OPM Disability Retirement: The Mixed Case

It is easily argued that every case is "mixed," which means that the topic must always consider case law and statutory requirements in addition to the facts of the case. This is especially true for Federal Disability Retirement applications, where...

Medical Retirement of FERS OPM: Replacing Substances

You might have observed that matters need to be dealt with in more suitable ways. But unfortunately, we all reside in a world where people do not prefer facts since they have been forsaken. Not only have these logics stopped...

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