President Donald Trump has signed legislation allowing federal workers more flexibility in taking withdrawals from their retirement savings.
The good news is that Congress decided against a proposal to eliminate catchup contributions to the federal Thrift Savings Plan and other 401(k) plans.
Sen. Orrin Hatch has dropped an amendment to a tax reform initiative restricting federal employees from making extra contributions to the retirement savings plans.
The Senate sent the TSP Modernization Act to the president’s desk this week. The bill will give Thrift Savings Plan participants more flexible options for making withdrawals from their accounts.
In January, the armed forces will be implementing its blended retirement system. Senior Correspondent Mike Causey explains it all.
When they retire or leave government, some people transfer their Thrift Savings Plan 401(k) accounts to IRAs that offer more flexibility and investment options.
The benefits-eating monster is real. And still out there. Just as you suspected.
While none of the funds dipped far enough to post negative returns, only three funds showed growth since September.
From January 2016 to August of this year, the number of self-made federal worker millionaires jumped from 3,272 to 16,475.
Senior Correspondent Mike Causey says 90 percent of the federal workforce will be hit hard if the GOP plan to trim contributions to 401(k) plans becomes law.
Members of Congress will not use the budget resolution process to make significant changes to the federal retirement system.
Regardless of what your life mate may think, Senior Correspondent Mike Causey says the odds are you’re worth a lot more than you think.
Are you worth a lot more than you think? Do you have an estate plan? If not, how do you set one up? Find out this week when Washington attorney Tom O’Rourke joins host Mike Causey on Your Turn. October 25, 2017
The agency that administers the TSP said it’s planning to take additional caution in validating participants’ identities in light of the Equifax breach.