TSP polls participants on favorite services
The Thrift Savings Plan started a participant poll Wednesday on what financial services they value most and how the 401(k)-style program could to help them feel confident about their expected...
View ArticleTSP to consider account conversion option
The Thrift Savings Plan may allow investors to convert to Roth treatment money that was invested on a pre-tax basis, although there’s no certainty regarding when or even if that option will become...
View ArticleThrift Savings Plan used for debt ceiling relief
The Treasury Department on Tuesday used a financial maneuver involving the Thrift Savings Plan to free up money to keep the government operating pending an increase in the federal debt ceiling. In a...
View ArticleDebt ceiling bill would restore G fund, at least for a while
The pending debt ceiling relief bill would end a financial maneuver under way involving the Thrift Savings Plan’s most popular investment fund, although the process might be repeated in a matter of...
View ArticleSequester could put employee TSP savings on furlough, too
Federal employees who lose income by being furloughed also could end up with smaller retirement savings accounts. Updated guidance from the 401(k)-style Thrift Savings Plan says that special...
View ArticleTSP outlines options for furloughed employees
Federal employees who experience financial trouble due to a sequestration-caused furlough will have several options available through their Thrift Savings Plan accounts, but important considerations...
View ArticleTSP warns participants against free iPhone app from Apple store
The Thrift Savings Plan has warned its participants against using a free iPhone app being offered through the Apple store, saying it is not an official offering of the 401(k)-style program for federal...
View ArticleRoth-style investing in TSP continues to grow
Federal employees are increasingly taking to Roth-style investing in their retirement savings program, although Thrift Savings Plan accounts remain heavily weighted toward traditional investments,...
View ArticleTSP investment fund again to be used for debt ceiling relief
The government once again plans to resort to a financial maneuver involving federal employee retirement savings pending an increase in the national debt limit. The Treasury Department has notified...
View ArticleTSP reviewing spousal rights in light of DOMA ruling
The 401(k)-style program for federal employees says it is reviewing its policies on the rights of spouses in light of the U.S. Supreme Court’s decision in the Defense of Marriage Act case. The Thrift...
View ArticleRise in TSP loans, withdrawals accompanies furloughs
Federal employees have been taking out loans and financial hardship withdrawals from their retirement savings accounts at an increasing rate in recent months, new data from the 401(k)-style Thrift...
View ArticleTSP to begin recognizing same-sex marriages
The retirement savings program for federal employees is changing its policies on spousal rights to include same-sex marriages performed in a jurisdiction that recognizes such marriages. Under a Thrift...
View ArticleShutdown Q and A: Federal retirement benefits
Following are some questions and answers about the shutdown’s impact on federal retirement. Q. What’s happening with retiree annuity payments? A. The Office of Personnel Management says that all civil...
View ArticleNo more operating money available through Thrift Savings Plan
As the government bumps up against the debt ceiling, one place it cannot look for more headroom is the federal employee retirement savings program. One of the Thrift Savings Plan’s investment options,...
View ArticleKey 2014 financial figures for federal workers looking mixed
For federal employees, some key financial numbers will go up in 2014, some will stay the same, and at least one may go down. The budget bill that ended the partial government shutdown last month leaves...
View ArticleMore federal employees tapped retirement savings in shutdown
The financial pressure of the partial government shutdown in early October caused some federal employees to tap their retirement savings in a way that could harm their long-term financial security,...
View ArticleFor federal employees, debt ceiling approach follows familiar path
For fiscal crisis-weary federal employees, the looming federal debt ceiling fight has the feel of déjà vu all over again. The Treasury Department has warned that it “will be forced to use extraordinary...
View ArticlePhishing e-mail involving TSP may have been another agency’s security test
Someone recently went on a phishing expedition to see if federal employees would bite on a phony Thrift Savings Plan Web site, and the TSP—suspecting another federal agency—wants to know who dropped...
View ArticleTSP annuity provider to remain unchanged
Federal employees who want to convert their Thrift Savings Plan accounts into lifetime benefits will do it through the same annuity provider for at least the next three years. The TSP, a 401(k)-style...
View ArticleInvestment limits to rise in TSP, similar plans
The investment limits in tax-favored retirement savings programs including the Thrift Savings Plan for federal employees, private-sector 401(k)s and similar plans will increase in 2015, the IRS...
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