It is true that some federal civil servants from Houston and New Orleans beg for temporary assignments to their Washington headquarters because of our comparatively dry climate.
This time one year ago lobbyists who represent feds and retirees were quietly hoping that Congress would tear off only a couple of chunks from the embattled Federal Employees Retirement System. Then a funny thing happened on the way: Nothing.
A 15-year fed describes why he thinks the advice “spread your bets” should also be applied to taxes and the TSP options, not just investing and casinos.
Having a secure financial future is even more likely if you know where you are now and where you are heading, as you get closer to that magic time when you could retire.
Causey says President Donald Trump is keeping his promises to “drain the swamp” with a crackdown on federal unions, and aims to make the federal retirement plan more costly for workers and less valuable for retirees.
Obits can help you figure out how much money you are going to need for the years, maybe decades, after your regular paycheck stops. But your urge to live, have fun, travel, etc. continues.
Every day, we at Federal News Radio get calls or emails from readers and listeners who want to know the latest, the cost and the timetable for action regarding retirement changes. But we can’t predict what’s going to happen,
The Trump administration wants to make the federal retirement plan more costly to workers and less valuable to retirees. But officials could probably “drain the swamp” of thousands of bureaucrats if they made the changes effective later rather than sooner.
When financial times get tough and a bear market rears its ugly head many Thrift Savings Plan investors head for the safety of the bond index F Fund or, more likely, the super-safe never has a bad day G-fund.
The number of federal/postal workers with Thrift Savings Plan accounts worth at least $1 million jumped nearly 600 percent between April 2016 and April 2018. The value of the biggest account grew by nearly 30 percent in that time.
As of April 3, the number of federal and postal workers and retirees with million-dollar-plus Thrift Savings Plan accounts had grown to 23,098.
When most people focus on millionaires in government they are talking about a relatively small number of super-rich political appointees. But there is a larger group who did it by saving and investing in the Thrift Savings Plan.
Although feds are supposed to avoid partisan politics at work, chances are you have a pretty good idea how most of your colleagues voted in the last election.
Federal retirees in 1980 could establish a standard of living and keep it even during 14 percent inflation and 11-plus percent the following year. Now, the Trump administration has submitted a legislative package that would, among other things, eliminate cost of living adjustments for current and future workers retiring under the Federal Employees Retirement System.
|Jun 22, 2018||Close||Change||YTD|
|Closing price updated at approximately 6pm ET each business day. More at tsp.gov.|