Since the late 1980s, federal retirement has consisted of three basic components. Feds who qualify for full retirement can expect their pension, known as their annuity or Basic Benefit, calculated by ...

For government employees who are at or near retirement, the decision to keep assets in the Thrift Savings Plan versus rolling them into an IRA is not necessarily an easy one to make. The most common ...

Editor's note: An earlier version of this article incorrectly said Roth TSP distribution may not be subject to income tax and a 10% penalty under certain circumstances. Tax-free Roth Thrift Savings ...

The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. It is similar to the 401(k) plans offered by many private-sector ...

The US federal government’s Thrift Savings Plan ended April 2024 with $872 billion in assets serving more than 7 million participants—or one in every 25 workers in the United States. Our series of ...

The Thrift Savings Plan is a workplace retirement plan for federal employees and military service members (including active-duty military, reserves and National Guard) that is very similar to a 401(k) ...

When most current federal employees retire from government, they will have three different sources of retirement income: the Federal Employees Retirement System basic benefit, a Social Security ...

The Thrift Savings Plan (TSP) will offer participants the option to convert their traditional investments to Roth status starting in 2026. Officials announced this change at the November meeting of ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

Representative Jen Kiggans, R-Virginia, introduced on Monday the Financial Opportunities for Retirees and Warriors Advancing Retirement Development Act, a bill aimed at allowing certain military ...

Last week's scare at the Thrift Savings Plan is an opportunity to offer this reminder: Do not click on Web links in unsolicited e-mails. Someone, or some group, operating from somewhere, took ...

Every week, Allworth Financial’s Amy Wagner and Steve Hruby, CFP ®, answer your questions. If you, a friend, or someone in ...