June 16, 2021 / by AGT ADMIN
There are currently over 84,000 TSP millionaires. This figure consists of retired as well as active federal workers. The figure is especially impressive since the number of TSP millionaires before March 2020 was 27,212 TSP. That figure is even more...
June 15, 2021 / by AGT ADMIN
Did you know that one of the biggest problems for those with a Thrift Savings Plan (TSP) retirement account is actually unexpected healthcare costs? Although we can’t expect the unexpected, we can make better healthcare decisions at a younger age...
June 14, 2021 / by AGT ADMIN
Unlike many corporations in the United States, the U.S. military still uses the traditional pension system. As a result, veterans in the Armed Forces are eligible to receive substantial benefits upon retirement. But the military does not adopt a single...
June 13, 2021 / by AGT ADMIN
A study carried out by Voya Financial showed that more than 50% of the participants plan to continue working after they retire. For federal workers who also wish to follow the same path, it is common to speculate that paid...
June 12, 2021 / by AGT ADMIN
As you draw closer to your retirement, you may need to withdraw from your TSP account to cater to urgent needs. However, doing this might lead to a 10% penalty that you most likely will not be ready to part...
June 11, 2021 / by AGT ADMIN
A lot can happen in 34 years, especially for a plan with the backing of the most powerful government in the world. The Thrift Savings plan has undergone drastic changes since it started operation on April 1, 1987, with the...
June 10, 2021 / by AGT ADMIN
Know that you have some money saved somewhere but don’t know where to start looking for it? This is a familiar story for Americans all over the country. It’s common to take the ‘I’ll deal with it later’ approach when...
June 9, 2021 / by AGT ADMIN
It’s often said that relying solely on Social Security is not the way to go during retirement. Workers are told to expect the unexpected when it comes to retirement costs and to make sure that a healthy amount is stashed...
June 9, 2021 / by AGT ADMIN
Unfortunately, the global pandemic has caused more money problems for millions of Americans. If there was a retirement-saving issue before, this has only grown stronger with people forced away from work (and even let go by their employers). According to...
June 8, 2021 / by AGT ADMIN
While some people certainly invest in the stock market for fun, most people are simply trying to build a nest egg for retirement. With all the uncertainty in the world, it’s good to know that there’s a sum of money...
June 7, 2021 / by AGT ADMIN
Retirement savings is hard, especially when you're managing different investment accounts. Due to the increased availability of tax-advantaged accounts, the majority of people juggle between various retirement accounts. Some tools that track investments will help you manage all your retireme...
June 6, 2021 / by AGT ADMIN
If you have a goal to save money this year, then you are not alone. A study by Fidelity Investments found that about 44% of Americans also have the same goal of increasing their savings. But whether you are saving...
June 5, 2021 / by AGT ADMIN
Every year, more and more people seem to put the Roth IRA on a pedestal while claiming it to be the best retirement account around. In short, it’s a way to use post-tax money in a savings account and invest...
June 4, 2021 / by AGT ADMIN
As traditional pensions gradually phase out, the gap is being filled by 401(k) plans. 401(k)s have become the primary retirement savings plan for American employees. According to Jodan Ledford, CEO of Smart USA, “having a 401(k) account is important.” Ledford...
June 3, 2021 / by AGT ADMIN
Although a thrift savings plan (TSP) works like a 401(k), it isn't a 401(k) plan since it's not under section 401(k) of the IRS tax code. The TSP walks, talks, and quacks like a 401(k), which would make it the...
June 2, 2021 / by AGT ADMIN
After 2020, a year of isolation and fears over the pandemic, it was initially assumed that Medicare and Social Security confidence would decrease. However, it seems the opposite is true and not only for retirees but current workers as well....
June 1, 2021 / by AGT ADMIN
The pandemic has changed many aspects of our lives. However, it seems as though the wave of people moving state for tax purposes is a habit that remains. In 2020 alone, 400,000 people in the United States decided to leave...
May 31, 2021 / by AGT ADMIN
One of the most outstanding features of Social Security is that we can start claiming at a time that suits us. After reaching 62 years of age, we can have an opportunity to boost our income. However, it’s this same...