Tag: Thrift Savings Plan

Thrift Savings Plan (TSP) vs. 401(k)

The annual contribution amounts for the two retirement plans are nearly identical. But public employees will see significant differences in other areas, such as where they may invest their money.

Tax Benefi…

The Best Ways to Use Your FERS Pension

The federal government has a three-legged chair for pension payments. 

The Basic Benefit Plan is often known as the federal pension plan, the

10 Strategies for Federal Employees Planning to Retire Before 2030

The COVID-19 pandemic began in March 2020, and since then, hundreds of federal workers have retired. Over the next eight years, many more eligible employees plan to retire. The following list of 5 tips can assist workers who want to retire in the next eight years in getting ready for thei…

Survivor Benefits May Be Payable Both Upon and After a Death in Service

While continuing payments to survivors upon the death of a retiree receive the majority of attention, survivorship benefits are also available if a current employee passes away. However, there are several additional eligibility requirements.

Your spouse would be eligi…

Why You Should Invest in the TSP

“I have kids in college, so I can’t give more to the TSP.” Advocates for federal workers to save for retirement have heard t…