Your Thrift Savings Plan (TSP) will generally be used as a third source of income after Social Security and your pension. The TSP has the most variables and can be set up in a wide variety of ways. Similar to a 401k plan, your TSP is truly the only part of your...
Social Security is a fundamental piece of your retirement income puzzle. It is a guaranteed lifetime payment, and one of three payments that make up your retirement income, along with your monthly annuity and your Thrift Savings Plan. Understanding how Social Security...
Monthly Annuities Your pension, also called a monthly annuity, is the fundamental basis for your overall retirement income. Most federal employees fall under either the Federal Employee Retirement System (FERS) or the Civil Service Retirement System (CSRS). The...
We all look forward to our retirement, but as we approach our last day of work anxiety kicks in. Can I afford to retire? How much money will I receive while retired? What paperwork do I need to fill out? Who can help me? Is there anyone who can do it all? United...
Are you taking advantage of Thrift Savings Plan matching? For FERS employees, the matching inside the Thrift Savings Plan is the greatest advantage you have when building your balance. The agency will match a portion of your TSP contributions with the percentage...
Although the ROTH option has been available in the Thrift Savings Plan since 2012, I’ve found that most federal employees do not understand how it differs from Traditional TSP and if it could be a part of their retirement plan. In today’s article, we’ll look...
