A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "The transition could affect participants who planned to request a transaction soon, because periodic downtime will be required to accommodate the transition process. During the transition period, participants’ savings will ..."
Article Excerpt: "...The number of active and retired feds with $1 million or more in their Thrift Savings Plan accounts has jumped to a record 84,808 as of March 31 of this year. That’s up from 27,212 TSP millionaires in March 2020. The vast majority of TSP millionaires got there by investing steadily in the C, S and I funds — even when the markets tanked..."
Article Excerpt: All TSP participants must have validated contact information and use two-step authentication to log into My Account before the end of 2019. You can avoid interruption to your account access by adding these security features in your My Account Profile Settings now. Download instructions (pdf)PDF file. Two-step authentication helps protect your account against fraud. This login process is more secure because it means that online access to your account requires something you know (your account number or username and password) and something you have (the one-time code you receive in your email or on your phone). Someone who tries to log into your account fraudulently won’t be able to gain access without the code. We recommend that you include at least one contact method on your account that will stay with you through career, such as a personal email.
Article Excerpt: "...How do your investing habits compare with other federal employees and retirees? How long have you been investing in the TSP? How often do you trade? How do you react to significant swings in stock prices? Please take this short survey to share your feedback..."
Article Excerpt: "...The S Fund, invested in small and midsize companies, had the best month of the 10 funds, increasing 6.05 percent. The ..."
Article Excerpt: "...Hardship withdrawals from the Thrift Savings Plan set a record last month, as thousands of participants tapped their retirement accounts..."
Article Excerpt: "...Investors in the Thrift Savings Plan (TSP) would certainly like to see their investments go up each month. Unfortunately, that is not how the stock market works...."
Article Excerpt: "...Employee unions are pressing the Federal Retirement Thrift Investment Board to give employees more options to borrow against their Thrift Savings Plan accounts while employees remain vulnerable to furloughs...."
Article Excerpt: "...TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government will delay issuing new securities for the G fund to avoid increasing the federal debt...."
Article Excerpt: "...perplexed about when to begin drawing money from my TSP, but I know that I will have to begin withdrawals by age 70½...."