It’s that time of year again! Whether you like to get your taxes done quickly because you expect a refund or you cringe at the thought of all the paperwork, it’s important to know what you’re getting into. There are several changes hidden in your taxes this year, from a standard deduction boost to new […]
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With the new year comes a few important changes to the TSP—and understanding them will help you maximize your savings. Here’s what you need to know. New TSP Contribution Limits Because the TSP is a tax-advantaged retirement account, there are limits to how much you can contribute each year—the government still wants you to pay […]
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Most people don’t plan to get divorced, so when it comes, it can be incredibly stressful. In addition to the emotional strain that such a change brings, divorce is also a complex legal and financial process. Dividing up your assets fairly is a huge challenge — and it can be even more difficult for federal employees. […]
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A raise is always good news, but what can you do right now to ensure that you make the most of it? Try these ideas to stay mindful with your money in the new year. Increase Your TSP Contributions When’s the last time you looked at your TSP contributions? Getting a raise is the perfect […]
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Thinking of retiring from your job as a federal worker? Congratulations! You’ve put in a long career of public service, and now it’s time to reap the rewards of that great benefits package you’ve heard so much about over the course of your career. Unfortunately, you do have to jump through some hoops to complete […]
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Life insurance can be a tricky subject. For starters, no one likes to talk about it — after all, discussing your own death isn’t exactly a fun conversation. Still, it’s incredibly important to take the time to figure out how much your family could lose if you died unexpectedly — and then take steps to […]
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The whole point of a Thrift Savings Plan (TSP) is to put away extra money, little by little, to add up to big savings by the time you retire. When it comes to retirement savings, the first rule is not to touch that money until you retire, no matter how tempting it might be to […]
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Did you know that the Thrift Saving Plan is about to change? 2022 is poised to bring about significant adjustments for federal employees. While the new rollout isn’t ready yet, the latest reporting has these changes coming your way midway through 2022. TSP updates are still several months off, but it’s never too early to […]
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