Half of Retirees Plan on Maintaining Retirement Assets, not Spending. Really?
The Employee Benefits Research Institute (ebri.org), conducts an annual ‘Retirement Confidence Survey” and some of the 2023 results are not …More
TSP
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TSP Annuity vs. Installment Payments, What’s Right for You?
The TSP will soon be re-competing the annuity contract (currently held by MetLife). In a recent article we outlined the …More
New Retirees More Likely to Face Nasty Surprise at Tax Time
Imagine – it’s April 18, 2024, and you’ve finally completed your 2023 federal income tax return. Once you see the …More
Financial Resolutions: Help Yourself Not Fall Off the Wagon
It may be a little early to start thinking about what New Year’s resolutions we will make for 2024, but …More
TSP and IRAs: Time to Maximize Your Retirement Contributions for the Year
We’ve entered the first quarter of fiscal year 2024, though we are still in calendar year 2023. In fact, we …More
Is a TSP Annuity Right for You?
The Thrift Savings Plan is planning on re-competing the life annuity contract. The current contract is with MetLife and has …More
Start Early and ‘Strive for 5’ Percent in TSP Contributions
Wouldn’t it be nice to get money just for the act of showing up? Well, all FERS employees get just …More
Save Early, Save Often to Set Yourself Up for Retirement
“You gets no bread with one meat ball.” So go the final words in the song One Meat Ball, a …More
Saving for Retirement: Rules and Wildcards
There are many “rules” for saving for retirement, some of which are very general and involve discipline and frugality. Rules …More
Thrift Board Wants to Make TSP Annuities More Attractive
The minutes of the July 26, 2023, meeting of the Federal Retirement Thrift Investment Board mentioned that James Courtney, the …More
Lessons in Hamlet on Saving and Investing
Hamlet is perhaps the most quoted of Shakespeare’s plays and, when recently watching the Kenneth Branagh movie of Hamlet, I …More
SECURE 2.0 Implementation: Roth Catch-up Rule Pushed Back
Here’s more news about the implementation of SECURE 2.0. In a recent article, we discussed a provision of the Act …More
SECURE Act? How about FIRE and the Retire Early Movement
As government workers or members of the uniformed services, we’ve gotten used to acronyms. In fact, you will sometimes run …More
New Stats on TSP Loans and Hardship Withdraws for FERS Participants
In an earlier article, we looked at some of the results of the Thrift Board’s recently released statistics on plan …More
A “Scorecard” for Retirement Investing
“You can’t tell the players without a scorecard!” That phrase was shouted by hawkers at ballparks back when my father …More
Potential Ban on Investment in China Threatens New TSP Mutual Fund Window
You may recall that, back in May, Senator Marco Rubio (R-FL) introduced bill S. 1650 which, if enacted, would prohibit …More
Social Security and When to Withdrawal from Your TSP, IRA
Did you know that Social Security benefits are subject to federal income taxes? This fact can make you think twice …More
TSP Investment Allocations for Those Under FERS
In an earlier article we looked at some of the results of the Thrift Board’s recently released statistics on plan …More
Should You Rebalance Your TSP Investments?
Does it make sense to periodically rebalance your investments in the Thrift Savings Plan? Most financial advisors would say “yes” …More
TSP and IRA: ‘Get Ready’ for SECURE 2.0
Get Ready! Groups such as the Temptations and Rare Earth have exhorted us to get ready, now it’s our turn. …More
Bumpy Rollout of New TSP System Leads to Lawsuit
It’s been over a year since the Thrift Savings Plan implemented a new record-keeping contract, with Accenture and Alight being …More
Invest your TSP Like a Pro & Avoid these TSP Mistakes
Opening your TSP statement and seeing your balance lower than you expected can feel like a punch to the gut. …More
Traditional TSP vs. Roth TSP: Which One Should You Use in 2023?
As a federal employee, you have the option to contribute to a Thrift Savings Plan (TSP) as part of your …More
If You Want a Bucket Strategy, Consider an IRA
Almost 40 % of financial advisors suggest that individuals use a “bucket strategy” in withdrawing from retirement savings. A bucket …More
Thrift Savings Plan: Taking the Good with the Bad
“You’ve got to take the bad along with the good.” Most of us have heard that saying many times over …More
What it Takes to Be a TSP Millionaire in Today’s Dollars
As of Q2 2023, there are over 88,000 TSP accounts with over a million-dollar account balance, and well over 300,000 …More
TSP Differences for Federal Law Enforcement, Firefighters
Special category employees (SCEs) have somewhat different rules regarding FERS retirement and the Thrift Savings Plan (TSP). We’ll look at …More
TSP vs. IRAs: Key Differences
Lots of federal employees and retirees have some mistaken ideas and thoughts about the Thrift Savings Plan and how it …More
TSP Distributions in Retirement or: How I Learned to Stop Worrying and Love My Lifecycle Fund
Conceptually, saving for retirement is pretty straightforward: save early, save often, let the power of compounding do the heavy lifting. …More
Who’s Your TSP Beneficiary?
Who’s your beneficiary? It’s important to have your wishes as to who you want to inherit your Thrift Savings Plan …More
