Posts Tagged: TSP

Older People and Work Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »

7 Tips to Make the Most of Your Thrift Savings Plan – No Matter Your Age

Are you saving like you should? Our tips below will help you out, no matter where you are in your public sector career. I happened to be in a government building in Texas last week when I noticed a sign encouraging active participation in a retirement plan. It read: “I’ll save for retirement when I’mRead… Read more »

Social Security – Now Or Later There was a candy years ago called Now-Later. I believe it was called Now-Later because if you chewed it now, it lasted so long you would still have it for later. Well, when it comes to when to collect Social Security benefits I am not so sure if the Now-Later theory actually works orRead… Read more »

Death and Former Spouses You might say what does a former spouse have to do with the business of the deceased federal employee. You might be surprised under certain circumstances, that the former spouse may have more to do with the business than you can imagine. Actually the Basic Employee Death Benefit (BEDB) may be payable to theRead… Read more »

Federal and Postal Employee Retirement Planning – One Year Out If you are planning to retire in ONE year think about concentrating on a few things that might help to keep you on track and make certain you don’t miss out on anything. • Confirm when you will be eligible to receive your full retirement benefit. FERS Eligibility CSRS Eligibility • Have a benefitRead… Read more »

Thrift Savings Plan (TSP) Withdrawal Options The rules for your Thrift Savings Plan are pretty straightforward while you are working, but they become increasingly more complex as you enter retirement and attempt to access the money that you have saved in your account. You have 5 withdrawal options for your Thrift Savings Plan that you can select from. OptionRead… Read more »

Is All ‘Your’ TSP Money Actually Yours Within your 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 »

Gov To Upgrade Retirement System? – Plus the 7 Gov Stories

On GovLoop Insights’ DorobekINSIDER: The political appointee is one of the most prized and most difficult positions in government. These individuals are plucked (mostly) from the private sector, dragged through the Senate confirmation process and handed the top-job at an agency. They are expected to lead, but often don’t have the tools necessary to manageRead… Read more »

TSP Funds Rebound In February – Find Out How Much

After a rough January, the Thrift Investment Plan’s funds were back in the black for February. In fact, all the retirement funds were up by more than .5%. Kim Weaver is the Director of External Affairs at the Federal Retirement Thrift Investment Board. The Board runs the TSP. Weaver told Chris Dorobek on the DorobekINSIDERRead… Read more »