What is Military Buyback? Military buyback allows federal civilian employees who have served in the military to “buy back” that service time for retirement purposes. This means you can count your military service towards your civilian federal retirement...
The Office of Personnel Management has updated its FAQ section about the “Fork in the Road” Deferred resignation offer to include information on VERA: “Employees who are eligible for the deferred resignation offer and are at least age 50 with at...
Retirement planning is a complex process, and everyone’s financial goals are different. There is no “one-size-fits-all” solution. One crucial aspect of retirement planning is accounting for medical expenses, as healthcare needs typically increase with age....
Setting aside money in a Health Savings Account (HSA) can help you financially prepare for medical expenses while also taking advantage of significant tax savings. Unlike Flexible Spending Accounts (FSAs), any unused funds in an HSA at the end of the year roll over...
From benchmark index updates to enhanced withdrawal flexibility, here’s what you need to know about changes to the Thrift Savings Plan (TSP). I Fund Benchmark Index Change in 2024 As previously announced, in an effort to improve performance and align with broader...
Some of the most common questions about the Thrift Savings Plan involve the ROTH option. Federal employees want to know if it could be a good option for their retirement dollars and how it differs from the Traditional TSP. In this post, we’ll explore the...
