Are TSP Distributions Taxable?

Do you contribute to the thrift savings plan (TSP)? It’s one of the most powerful retirement savings vehicles you have available. You receive an automatic 1% agency contribution in the plan, regardless of whether or not you contribute. You can also receive matching contributions on up to the first 5% of your compensation that you […]

How Did the TSP Funds Perform in the First Half of 2019?

Do you participate in the thrift savings plan (TSP)? It’s a powerful savings vehicle for government employees. You can contribute up to $19,000 to the TSP in 2019. That figure increases to $25,000 if you’re 50 or older.1 You can allocate those contributions, plus any matching contributions from your agency, to a variety of funds. […]

3 Steps to Get Your Retirement Strategy Back on Track

How do you feel about your retirement plan? If you’re like many Americans, you don’t feel too confident about your ability to retire comfortably. According to a recent survey from the Employee Benefit Research Institute (EBRI), 33 percent of Americans don’t feel confident in their ability to retire. Only 23 percent of Americans say they […]

Should You Save for Retirement Outside Your TSP?

If you’re like many government employees, your thrift savings plan (TSP) balance is one of your largest retirement assets. The TSP is a valuable retirement resource. It allows you to make pre-tax contributions for your retirement savings. You can allocate the contributions across a range of investment choices and implement an allocation that meets your […]

How Does Social Security Work for Government Employees?

Approaching retirement? If so, you’re likely finalizing important decisions about when exactly you’ll retire, how you’ll fund your retirement and what you’ll do with all your newfound free time. You also may be looking at your FERS or CSRS annuity and determining how to maximize the value. While your annuity is important, it’s just one […]

Is Now the Right Time for You to Retire?

Government Employee Retirements Are Surging. One of the biggest benefits of federal government employment is the ability to retire at a relatively young age. If you’ve had a long career with the federal government, it’s possible that you can retire with a full pension in your late 50s or early 60s. According to recent data, […]

FERS Pension: Can You Retire Early and Still Receive Benefits?

Early retirement is one of the most attractive features of government work. The federal government is one of the few employers still offering a pension, which takes the form of an annuity offered through the Federal Employees Retirement System (FERS). Depending on your length of service, it’s often possible to qualify for a retirement annuity […]

What Can You Expect From the New Tax Law in 2019?

  A new year is here, and with it comes a flood of year-end tax documents like W-2s, 1099s and others. Before you know it, the April 15 tax filing deadline will be upon us, and it will be time to submit your return.It’s always wise to meet with your financial professional at the beginning […]

FERS: What’s the Best Date to Retire in 2019?

Is retirement on your resolution list for 2019? If so, this is probably an exciting time. Perhaps you’re making plans to travel or spend time with family. You may be thinking about all the free time you’ll have available once you wrap up your career in government. Technically, you can retire anytime you want, assuming […]

Why Retirement Planning Should Be on Your Holiday Gift List

The holidays are here again. It’s that time of year to shop for gifts, plan parties and spend time with family and friends. If you’re like most people, you’re busy trying to find the perfect gift for your spouse, children, parents or other loved ones. But have you considered a gift for yourself? It may […]

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