Your Federal Employee Benefits Blog

Helping Federal Employees Make Smart Financial Decisions

The Big Mistake To Avoid When Transferring Your TSP

The Big Mistake To Avoid When Transferring Your TSP

Most federal employees saving for retirement have heard the terms “IRA transfer” and “rollover,” which refer to how you move your money from the TSP to an IRA. And while both terms are often used synonymously, they’re not identical and have significant differences that you must be aware of to avoid making a big mistake.Continue reading “The Big Mistake To Avoid When Transferring Your TSP”

What Federal Employees Need To Know About Working In Retirement

What Federal Employees Need To Know About Working In Retirement

Many federal employees plan to work at least part-time in retirement. Some make this decision for the extra income, a desire to stay active, maintain a sense of purpose, or some combination thereof. Whatever your reason might be, it’s essential that you’re aware of how working in retirement can affect your other income. While continuingContinue reading “What Federal Employees Need To Know About Working In Retirement”

New 2022 TSP Features

The New 2022 TSP Changes

For over a year, we have been hearing that the Federal Retirement Thrift Investment Board (FRTIB) has been working on upgrading the TSP platform. Well, the promised updates are nearly here! In fact, the platform is currently transitioning. By next week, federal employees will have more ways to access their accounts, communicate with the TSPContinue reading “The New 2022 TSP Changes”

Diversification: Reducing The Risk In Your TSP

Diversification: Reducing The Risk In Your TSP

Every federal employee has heard the saying, “Don’t put all your eggs in one basket.” If you understand this concept, you understand one of the most fundamental principles of sound investing, diversification. Given the recent stock market turbulence, I thought it would be good to review this essential principle. So, this week we’re going toContinue reading “Diversification: Reducing The Risk In Your TSP”

Are Your TSP Investments Right For You?

Are Your TSP Investments Right For You?

Do you lose sleep every time the financial markets decline, or do you view a market correction as an opportunity to invest at a more reasonable price? How you answer this question reveals a lot about whether your TSP investments are suitable for your risk profile. Creating a TSP portfolio that accurately reflects your riskContinue reading “Are Your TSP Investments Right For You?”

3 Retirement Costs Federal Employees Must Plan For

Why Federal Employees Must Prepare For Spending Shocks In Retirement

Federal retirees face numerous risks in their golden years. These risks often fall into three categories: market risk, longevity risk, and spending shocks. This week we’re covering spending shocks, meaning large unanticipated expenses in retirement, the most common of which are rising health care costs, changes in-home needs, and inflation. While it is nearly impossibleContinue reading “Why Federal Employees Must Prepare For Spending Shocks In Retirement”

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