We live in a world where we are concerned about the now. We tend to forget to think a bit more long-term than that next term paper or assignment. But we should think long-term about our retirement funds. Govies need to be aware of them and particularly what the Thrift Savings Plan (TSP) has toRead… Read more »
Posts Tagged: Thrift Savings Plan
Your federal retirement benefits represent potentially one of the most valuable assets you possess. – By Gary Fouts
A Thrift Savings Plan (TSP) Bill that is about to become law will allow federal public safety officials to make penalty-free withdrawals from the Thrift Savings Plan at age 50.
There have been no any major gains or losses in the TSP funds so far this year, and June was in fact slightly dismal with all the funds showing small losses except for the G Fund which managed to squeak through the month with a 0.17 percent gain.
When the Phased retirement option is elected, you will be considered as partially retired, and you will begin receiving half of your TSP annuity retirement income.
Back in his 20s, Warren Buffett often asked himself, “Do I really want to spend $300,000 for this haircut?” An avid fan of compounding, the future billionaire constantly questioned whether spending money today was worth losing what he could have in the future if he invested it. Buffett is, obviously, the exception. Most of usRead… Read more »
The Office of Personnel Management (OPM) has proposed a “Phased Retirement” program. Although implementation has not been announced, it may be valuable to our readers to get a jump start on what Phased Retirement is all about. The Office of Personnel Management realizes the importance of preserving and protecting institutional knowledge. As federal employees leaveRead… Read more »
http://www.psretirement.com/all-your-tsp-money/ Within your TSP.gov Account the money you invest in the Thrift Savings Plan (TSP) and the agency match is yours immediately and you are therefore vested. However, the agency’s automatic 1% contribution has a few strings attached. For individuals in the Civil Service Retirement System (CSRS), this is not a concern. CSRS employees mayRead… Read more »
Thanks to a big sell-off on Wednesday and an equally large rally on Thursday, this past week was not quite the typical Christmas to New Years holiday week. But after a year like we had in 2011, I guess this was an appropriate ending. For the TSP, the C-fund lost 0.58% on the week, theRead… Read more »
Stocks seem to want to go higher After starting the week with some negative action, stocks rebounded strongly on Wednesday with the help of a positive ADP weekly employment report. The rally continued on Thursday and ironically, after a much weaker than expected November monthly jobs report, the market moved up again on Friday. ItRead… Read more »