April 1, Required Beginning Date for RMDs
When one thinks of finances and the month of April, the first date that pops into mind is April 15th, …More
When one thinks of finances and the month of April, the first date that pops into mind is April 15th, …More
Some of us might be able to deduct contributions to traditional Individual Retirement Arrangements (IRAs) from our federal income tax. …More
There’s no way around it – if you’re amongst the roughly 13% of federal employees not contributing at least 5% …More
The TSP’s mutual fund window is similar to a self-directed brokerage account (SDBA) in many private sector 401(k) plans. And …More
With all of the discussion about the fees associated with the Thrift Savings Plan’s (TSP) mutual fund window, let’s take …More
This April will mark the 37th birthday of the Thrift Savings Plan. It was on April 1, 1987, that the …More
On February 13, 2024, the Federal Retirement Thrift Investment Board (FRTIB) posted the 2023 Financial Wellness Survey in their online …More
There was a 25% increase in the number of Thrift Savings Plan Loans over the one-year period from September 2022 …More
I’ve heard lots of questions over the many years I’ve worked in the area of retirement and financial education and …More
Today, January 30, is National Croissant Day. And while it’s hard not to celebrate delicious flakey buttery pastries, it’s laughable …More
The TSP is the largest defined contribution plan in the United States. There are 7 million participants with over $845 …More
Getting to a million in your TSP doesn’t happen by accident. There are certain principles that TSP millionaires know and …More
Workers have had access to Individual Retirement Arrangements since 1974, and federal employees have been able to contribute to the …More
In early December I read an article in the Hilton Head Sun (one of those free monthly papers) with the …More
What are “stealth taxes”? When should I worry about them? How can I avoid them? Stealth taxes are additional costs …More
Did you know that from January 1st through April 18th you can contribute to both 2023 and 2024 Individual Retirement …More
The TSP (Thrift Savings Plan) is really good at a lot of things, but not everything. While you’re working the …More
You can join AARP as young as the age of 50, and many readers are likely already members of AARP …More
OK Boomer! That phrase is viewed as a dismissal of the concerns of the “Baby Boom” generation by younger generations …More
There are over 100,000 Thrift Savings Plan (“TSP”) millionaires at this point in 2023. These are the employees who contributed …More
The Employee Benefits Research Institute (ebri.org), conducts an annual ‘Retirement Confidence Survey” and some of the 2023 results are not …More
The TSP will soon be re-competing the annuity contract (currently held by MetLife). In a recent article we outlined the …More
Imagine – it’s April 18, 2024, and you’ve finally completed your 2023 federal income tax return. Once you see the …More
It may be a little early to start thinking about what New Year’s resolutions we will make for 2024, but …More
We’ve entered the first quarter of fiscal year 2024, though we are still in calendar year 2023. In fact, we …More
The Thrift Savings Plan is planning on re-competing the life annuity contract. The current contract is with MetLife and has …More
Wouldn’t it be nice to get money just for the act of showing up? Well, all FERS employees get just …More
“You gets no bread with one meat ball.” So go the final words in the song One Meat Ball, a …More
There are many “rules” for saving for retirement, some of which are very general and involve discipline and frugality. Rules …More
The minutes of the July 26, 2023, meeting of the Federal Retirement Thrift Investment Board mentioned that James Courtney, the …More