Federal Retirement – Should You Early Out?
When it comes to retirement from a career working for the federal government, there are a lot of different options. No two retirements look the same. People retire at different ages, at different stages of their career, and for a variety of different reasons. VERA is a term that all federal employees should be familiar…
Read More3 Tips for TSP Investing
If you are a federal employee, your TSP or Thrift Savings Plan is one component of your retirement benefits provided by the federal government. The TSP is a defined-contribution retirement savings plan that functions in a similar way that an employee 401k functions in the private sector. Money can be invested pre-tax or after tax,…
Read MoreHow President Trump’s Proposed Budget Cuts Would Affect Federal Employees in Retirement
There has been a lot of buzz about President Trump’s proposed fiscal 2018 budget. The proposed budget would save the government trillions of dollars but many government programs would be impacted by the budget cuts as a result. If you are a federal employee, the proposed budget cuts may deeply impact something very important to…
Read MoreContributing Too Much to the TSP Will Reduce Your Match
If you are a FERS employee and you are contributing a significant percentage of your pay to the TSP, this information could save you hundreds, possibly thousands of dollars, in free agency match contributions. As you may know, in 2017 the annual limit on elective deferrals (how much you can contribute in a calendar year)…
Read MoreWhat’s the Real Value of TSP and FERS Annuity?
The majority of federal employees will not retire with a million dollars or more in their Thrift Savings Plan (TSP). In fact, only 1% (varies based on the stock market performance) of federal employees currently have over a million dollars in their TSP. However, in terms of retirement income there is the potential for federal employees…
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