The TSP is preparing to roll our more flexible options for how you can withdraw your money.
Make sure you understand your current withdrawal options, as well as those coming soon, so you can worry less about money in retirement and more about how you want to spend your time.
However unlikely a shutdown might be, and however briefly an actual one might last, just the prospect brings anxiety to employees worried about their pay, benefits and rights. Following is an overview of those issues.
An early out, buyout or reduction in force (RIF) may be in your future under the Trump Administration’s plans for the federal workforce. Here is an overview on how these workforce shaping tools work.
Even if you do not plan to leave the government, LinkedIn is a valuable tool for networking—and it’s important to do it right. And doing it right, means more than just having an account!
Among the first formal actions of the Trump presidency was to order a general hiring freeze, as promised. What had not been explicitly promised, but was signaled, was that the freeze would be just a first step of a wider plan to downsize the government, something not done since the Clinton administration.
Solid facts about your pay system, retirement, life insurance, health insurance, survivor benefits, flexible spending account options, overtime pay, recruiting, retention and relocation incentives, annual leave and sick leave policies, holidays, long-term care insurance, the government’s own 401k-styled Thrift Savings Plan program (including loans), job protections and appeals, and how procedures can help you when your agency is downsizing.
The Federal Employees Health Benefits program is one of the most valuable of federal benefits. Download this report to find out what you need to do to get the most out of it in 2017.
No doubt you know the importance of investing in the Thrift Savings Plan, your 401(k)-style retirement savings program, but what exactly are you investing in and how?
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Avoid critical TSP mistakes such as failing to understand withdraw options and the tax penalties associated with those, letting beneficiary designations lapse, overlooking the annuity option and more. It’s your nest egg after all, and knowing what not to do can be just as important.
The government has finalized a long-awaited expansion of the GS locality pay system, putting more money in the pockets of more than 100,000 employees starting in January 2016. The question is, are you one of them?
Finally in early 2015 some federal employees and their agencies worked out arrangements that made phased retirement a reality. These employees and agencies, like all path-setters, will be followed by many more.
The ability to take time off and still be paid for it is one of the best benefits of working for the federal government but are you taking advantage?
This free report summarizes the key points about annual leave, sick leave, excused absence, other paid time off, leave without pay and compensatory time off.
This primer explains how divorce can affect benefits flowing from federal employment including lifelong annuity payouts and health insurance coverage.
Chances are that as a CSRS employee, you’ve had retirement on your radar screen for a number of years. This special report is designed to help you as your CSRS retirement nears. Retirement is a life-altering decision, yet many employees move into it less prepared than they should be. Make the decision to retire—or to wait to retire—with the kind of solid basis of knowledge that such an important decision merits.
A relatively new Roth feature for the TSP allows participants to invest after-tax money which is tax-free on withdrawal, as are its earnings if certain restrictions are met.