Federal employees often wonder if their Thrift Savings Plan (TSP) is sufficient for retirement. Comparing individual balances to age-group averages and medians offers a valuable benchmark. Years of ...

U.S. federal government workers should consider Thrift Savings Plans, which can accelerate asset accumulation for retirement.

A thrift savings plan (TSP) is a retirement savings program specifically designed for federal employees and members of the military. TSPs are considered qualified retirement plans, and this status ...

The Thrift Savings Plan can be one of the most valuable retirement assets for federal employees (as well as members of the uniformed services), but once you leave federal service, the distribution ...

Federal employees receive a retirement benefit package that includes a pension, a tax-advantaged savings plan and Social Security. But many do not fully understand how these benefits work, and that ...

For government employees who are at or near retirement, the decision to keep assets in the Thrift Savings Plan versus rolling them into an IRA is not necessarily an easy one to make. The most common ...

The federal government’s Thrift Savings Plan for service members and civilian employees will allow participants to transfer money from their traditional accounts into the plan’s Roth accounts starting ...

A federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS, just 30% of pre-retirement income. Closing that gap requires understanding ...

Federal retirees interact with OPM, the Thrift Savings Plan and Social Security at different stages of retirement. Their latest performance data reveals starkly different customer service experiences ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401(k)-equivalent retirement account for Federal employees. H.R. 3031 ...

The federal survivor annuity election is irrevocable, permanently cutting monthly checks by 10% and costing retirees roughly $90,000 in lifetime present-value income. FEGLI Option B premiums double ...