Facts About TSP Withdrawals

So you’ve spent your career putting money into your account, but what do you do once it’s time to retire? There are lots of TSP withdrawal options to choose from, some of them more complicated than others, and if you make the wrong choice you may not be able to fix it. Of course, every person […]

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The Roth TSP, Remember Me?

With all the talk about the TSP possibly opening up a mutual fund window and expanding withdrawal options, you may have forgotten that the also offers a Roth option, which began in 2012. The Roth TSP combines the after-tax (no upfront tax deduction) option with the existing benefits of the TSP, which are the universally renowned low administrative […]

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6 Little-Known Facts About FERS Retirement

More than a Three-Legged Stool Most Federal Employees are familiar with the of the FERS retirement program—the basic annuity, TSP investments, and Social Security.  But there’s more to the FERS retirement system than these basic components, and we’ve gathered 6 little-known FERS retirement facts to spark your interest and help you maximize your retirement. 1. Collecting Social Security and […]

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The TSP Moves Closer to Offering Mutual Fund Options

Flight from the TSP In 2012, 45% of those who left government work withdrew completely from the TSP, totaling $10 billion in total withdrawals. Federal Employees who are over age 59½ but still working took out another $2 billion.  Much of this $12 billion total was rolled over into IRA accounts. This is causing major concern among […]

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The TSP’s Millionaires:  An Example for Us All

The Number In December 2013, the government announced that the TSP’s millionaires had reached an all-time high of over 1,600. That may not seem too impressive when you consider that there are currently over 2.7 million Federal Employees, but no one goes into government service thinking they are going to be the next dot.com billionaire at a […]

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The Service Computation Date Comes in Five Flavors

Comes in Five Flavors There are five different service computation dates that you should be familiar with.  They are used to determine your leave accrual rate, career tenure, in-grade pay increases, retirement eligibility, retirement annuity, retention position during a reduction in force, and TSP vesting. An Often Adjusted Date A Federal Employee’s service computation date (SCD) for most purposes is […]

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It’s Not a Bird or a Plane: It’s The S Fund!

Look! Up in the sky! We all remember that catchy 60’s theme song… Faster than a speeding bullet. More powerful than a locomotive. Able to leap tall buildings in a single bound. The Superman T-Shirt If they were to print T-shirts for each of the TSP funds, the S Fund would have a big ol’ […]

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TSP Withdrawal Options: In-Service, Age-Based and Still Trucking

When it comes to TSP withdrawal options, three choices usually come to mind: early withdrawal due to financial problems, early withdrawal for a down payment on a house (exempt from the 10% early withdrawal penalty), or monthly withdrawals in retirement. Federal Employees often forget that they can also make a penalty-free withdrawal once they reach age […]

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Federal Employees are Not Putting Enough Money into the TSP

The Head of Blackrock Speaks Larry Fink, the head of the company that manages all of the TSP funds (except the G fund), stated in the October meeting of the Federal Retirement Thrift Investment Board that he is concerned that Federal Employees are not putting enough money into the TSP. The government automatically contributes to your TSP account […]

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TSP Rollovers: A Scandal in the Making?

TSP Rollovers Make Bad Press Lately, there has been a splash of negative articles about feds choosing to roll their TSP accounts over to IRA’s. 45% of federal retirees take their money out of the TSP, causing a reduction of about $10 billion per year from  the $420 billion it currently holds. So What’s All […]

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