Find Out the Difference Between Retirement Income and Retirement Savings. Sponsored By: Todd Carmack
What most individuals want to do with their retirement funds is save, grow, make income, and pay as minimal income taxes as possible. Many people do a good job when saving, even increasing savings in their retirement accounts annually. Growing such funds over time usually becomes difficult. Aside from the market's ups and downs, there's...Read More
Retirement Planning for Women
While most everyone works towards saving for the future, retirement planning for women can oftentimes be a bit more challenging. Some of the reasons for this include women having longer life spans, earning lower pay (as compared to men), and in many cases, having fewer years in the workforce (which can equate to less time
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Do You Actually Understand Thrift Saving Plan (TSP) Investments? By: Aaron Steele
How well do you understand the TSP fund options? Here's a quick rundown. As the world’s largest employer-sponsored savings plan, the Thrift Savings Plan (TSP) plays a role in the retirement plans of every FERS federal employee. Every year, many people become millionaires simply by making good use of their TSP account. However, without at...Read More
What Should You Do if Your Company is Cutting Your 401(k) Match? By: Joe Carreno
For the first time, unemployment has reached its peak after the incident of the Wall Street crash in 1929. Up till now, millions of people have lost their jobs, as employers claim that they do not have enough money to pay their employees. Meanwhile, only the positions of the people are not getting affected by...Read More
TSP Participants Want Changes in the Program, but Majority Are Satisfied with the Savings Scheme. By: Ricardo Viader
The Federal Retirement Thrift Investment Board, in conjunction with Gallup, recently conducted a survey with 36,000 participants. The board aims to evaluate consumer satisfaction with the surveys, which help the agency make suitable changes to its plans and tools. 89% of participants said they liked the savings plan. This figure is slightly higher than the...Read More
TSP Finds that New Workers Are Investing More in Age-Appropriate Lifecycle Funds. By: Kathy Hollingsworth
The agency that oversees the Thrift Savings Plan (TSP) has noticed a difference in the investment patterns of new workers. The agency found that these workers are moving their default investment fund from the government securities (G Funds) to age-appropriate lifecycle funds (L Funds). The TSP recently analyzed investor behavior and found that younger workers...Read More
Inflation and the Timeframe of Your Retirement. By: Brad Furges
With the growing inflation, an increasing number of federal employees are doing the figures to determine the financial benefits of working for another year or two. For many, the answer is startling: much more money in retirement for working a few years longer. Example: According to benefits expert, a Federal Employees Retirement System (FERS) employee...Read More
TSP Accounts: After the coronavirus has hit the world economy hard, how long is the road to recovery? By: Kathy Hollingsworth
The coronavirus has clobbered the world economy and the people depending on it. Some of the geniuses are working hard to find the vaccine and possible solutions for fighting this deadly virus, but until a controllable solution is available, the stock markets around the globe can fall at historical speeds. TSP account holders are amongst...Read More
Will Your Social Security Benefits be Enough During Retirement? By: Joe Carreno
Social Security benefits have been designed to help you cater for a portion of your daily expenses after retirement. As soon as you attain the eligible age of 62, you can expect to receive monthly checks from the SSA to replace a portion of the monthly paychecks you have just lost. However, your Social Security...Read More
How to Approach Retirement as a Small Business Owner. By: Flavio J. “Joe” Carreno
Running your own business has numerous advantages, including the ability to determine your work schedule and the possibility of raising your income. However, without the benefits usually provided by large employers, saving for retirement is often left up to you. When you operate a small business, nearly every aspect of it becomes entangled with your...Read More
Learn How to Live a Retirement That’s Worth Saving for
The majority of retirement planning advice focuses on how to save enough money to replace your salary. However, employment delivers us much more than just money. What we do gives many of us a sense of meaning, achievement, and even identity. Work also provides social ties and a structure in our days. Losing all of...Read More
