TSP and Required Minimum Distributions
Required Minimum Distributions are mandatory annual withdrawals from certain retirement accounts, enforced by the federal government once you reach a specific age.
Required Minimum Distributions are mandatory annual withdrawals from certain retirement accounts, enforced by the federal government once you reach a specific age.
The federal government’s 401(k)-style retirement savings program had a bit of a bump start to 2024, as only two of the Thrift Savings Plan’s five core offerings finished January in…
The Office of Personnel Management made some of its best progress at reducing the number of pending retirement applications from federal workers last year, reducing the backlog by 34% in…
Extreme heat took an awful toll on workers in 2023, causing illnesses and deaths in Texas, Illinois, Tennessee, North Carolina, and beyond.
Fraud against the federal retirement program is continuing, an inspector general report has said, with lack of reporting to OPM on the deaths of beneficiaries the most common means.
Each of the funds in the federal government’s 401(k)-style retirement savings program finished December in the black.
Participants in the Thrift Savings Plan should be on the lookout for several upcoming changes that will affect their retirement savings accounts.
Employees can make changes to their Thrift Savings Plan investments by going to www.tsp.gov.
Starting in 2016, an OPM rule change allowed the divorced spouses of federal retirees to claim a portion of their annuity supplement. Now, after having a quorum for the first…
Postal Service employees can contribute up to $23,000 in 2024, an increase of $500 from this year. Employees over the age of 50 can take advantage of the TSP catch-up…