Financial Living Blog

What to Know About the TSP Mutual Fund Window

May 4, 2022 9:32:22 AM

Changes are being made to the Thrift Savings Plan account. In an effort to improve the choice of investments available to investors within the TSP (currently restricted to five funds plus the L-series target date funds), the Federal Retirement Thrift Investment Board (FRTIB) is making a “mutual fund window” available to plan participants beginning this upcoming summer.

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Steps That Can Boost Your Chances of Becoming a TSP Millionaire

Mar 9, 2022 1:36:40 PM

There is no secret strategy to become rich. You don’t need to put all your money in a new tech stock or cryptocurrency. You don’t even need to earn a six-figure salary. Many government workers, civil servants and military service members (or retired military) just like you are proof of this.

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How Federal Workers Can Take Advantage of the FERS Social Security Supplement

Feb 8, 2022 9:01:13 AM

The average age of workers taking voluntary, normal retirement under FERS (Federal Employees Retirement System) is 63. However, there are many federal employees who choose to retire earlier as soon as they gain access to their benefits.

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Are You Ready? 6 Necessary Federal Retirement Steps

Dec 29, 2021 8:25:54 AM

How do you know when you’re ready to retire from the federal workforce? It’s not always an easy decision. Because it’s not only a matter of whether you want to retire but also can you retire yet.

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Simple Ways to Increase Your TSP Savings

Nov 24, 2021 9:10:43 AM

Maxing out your Thrift Savings Plan account is not a necessity for federal workers to achieve a comfortable retirement. But there are many good reasons for making it one of your financial goals.

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Importance of Updating Federal Employee Benefit Beneficiaries

Oct 20, 2021 9:36:04 AM

One of the most important financial steps everyone should take is to keep their beneficiaries up to date. Such a simple task can be the difference between protecting your loved ones and pushing them apart.

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Do You Know Your FERS Retirement Age?

Sep 22, 2021 9:46:44 AM

From postal workers to VA doctors, we’ve had the pleasure of helping many federal government employees reach retirement. So, what is retirement age for government workers? Is it the conventional age of 65?

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Should Federal Workers Choose a TSP Roth or Traditional Account?

Aug 18, 2021 1:35:59 PM

Similar to a private company 401(k) plan, the Thrift Savings Plan allows each federal worker to save a portion of his or her paycheck in a tax-deferred investment account that can grow for future use as income in retirement. However, you are given access to two different account options: a TSP Roth and traditional account.

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Watch Out for These 7 Major FERS Retirement Mistakes

Jul 14, 2021 10:27:38 AM

According to the Employee Benefit Research Institute’s latest Retirement Confidence Survey, two-thirds of workers are confident they have enough to live comfortably in retirement. The same number of workers surveyed are confident they are doing a good job saving for retirement and know how much they will need.

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Good News: New Money Manager for Thrift Savings Plan Funds

Jun 9, 2021 1:22:52 PM

By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers

One of the many roles of an investment adviser is to monitor those who manage our clients’ money – mangers of mutual funds, ETFs and retirement plan investment options. This is an important component because changes can (and do) occur that will alter the original strategy, objective or focus of the investment. When this happens, it is essential to evaluate those changes to make sure the manager continues to fulfill their purpose in our portfolios or retirement plan lineups.

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