As a federal employee, you may be wondering exactly how much money is being deducted per paycheck for your retirement. First, we need to take a look at what items are considered part of your retirement package. Federal Employees make contributions toward (and receive)...
1. WHAT IS THE FEDERAL EMPLOYEE RETIREMENT SYSTEM? The Federal Employee Retirement System (also known as “FERS”) was created by Congress on January 1st, 1987. It is comprised of three parts (think of them as three separate paychecks): FERS Pension Social...
We’ve been talking about the accumulation vehicle of your Thrift Savings Plan, which is one of the best out there. Once you retire though, we get tons of questions about what to do with your TSP because now you’ve moved to the de-accumulation stage...
Determining the arrangements surrounding your Thrift Savings Plan is complicated– and frankly, it’s scary. Whatever choices you make with it today will have an impact on the entire rest of your life. A lot of elements of the TSP – like the return on different...
A lot of people have a lot of questions about this new law: the TSP Modernization Act of 2017. The modernization act officially goes into effect in September of 2019, and is the first change in around 30 years to the Thrift Savings program. It’s kind of a big deal. 1....
As a federal employee, the Thrift Savings Plan is one of the greatest ways to plan for retirement and build wealth. This blog will go over the basics of TSP to better understand the program. Many federal employees have similar questions regarding the Thrift Savings...
