Americans have abandoned as many as 31.9 million 401(k) accounts — with average balances of $66,691. What to do if you've lost track of your savings

With the importance of retirement accounts to family finances, it may seem surprising that “forgotten 401 (k)s continue to ...
usace.army.mil

Training tackles top three Thrift Savings Plan mistakes

HUNTER ARMY AIRFIELD, Ga., -- There are three common mistakes individuals make when it comes to their Thrift Savings Plan according to Michelle Roper, an accredited financial readiness specialist on ...
Government Executive

Look before you leap from the TSP

The TSP has prepared a new fact sheet titled, Information for TSP Participants Leaving Federal Employment that provides useful information for employees who may find themselves facing the end of their ...
Government Executive

Think you're ready to tap your TSP? Here's what you might be missing

When you retire under the Federal Employee’s Retirement System (FERS), you may need all three parts of FERS to fully retire. FERS was designed as a three-part retirement system which includes the FERS ...
Virginia Business

Three reasons to roll over a Thrift Savings Plan in retirement

From 2000 through 2013, at least 40,000 federal employees retired each year, with nearly 62,000 retiring in 2013. As of July last year, 14% of federal employees were eligible to retire, with that ...
Forbes

A Practical Guide For Maximizing Your TSP

Mike Zaino, of The Zaino Group, is a Registered Financial Consultant and National Retirement Counselor serving federal and postal employees. Federal employees have access to a valuable retirement ...
Morningstar

What Is the Fed’s TSP Mutual Fund Window Good For?

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 ...
Pensions&Investments

Letter to the Editor: 'Ever-evolving improvements' to the Thrift Savings Plan

I am writing regarding the Aug. 2, 2024, article titled "Thrift Savings Plan's rocky rollout of new system caused by mismanagement, GAO says." The article painted an incomplete picture of the results ...
JD Supra

Thrift Savings Plan is a bad idea

Congress always has proposed legislation that will never make it to law and this thrift savings plan idea is one that is just an awful idea. Senator John Hickenlooper (D-Colo.), a sponsor of a ...

Americans have abandoned 31.9 million 401(k)s, with average balances of $66,691 — how to find potential lost savings

With the importance of retirement accounts to family finances, it may seem surprising that “forgotten 401 (k)s continue to ...
MarketWatch

‘I can feel myself getting older as I type this.’ I’m 68 and ready to retire. I have $55K in savings but my pensions are underfunded. What now?

Question: “I am 68, work for the government and plan to retire early next summer. My FERS/TSP are not funded to the point where I feel I can relax. [FERS, or Federal Employees Retirement System, is a ...