The federal workforce continues to experience mass upheaval as the current administration carries out its plan to reduce costs and increase efficiency. As lawsuits challenging mass layoffs filter through the courts and proposals to reduce federal benefits advance, federal employees face an…
Proposed changes to federal benefits, such as the elimination of the retiree annuity supplement and the transition to a “high-5” annuity calculation, could sway many federal employees to seek retirement. Fortunately, according to a recent memo from OPM, retirement processing has been…
A Roth conversion can offer significant benefits, but it comes with important tax implications.
Benefits
Contributions to Roth IRAs have already been taxed, which means you’ll have tax-free withdrawals of contributions and earnings in retirement (after age 59½ and if the account…
Managing your Thrift Savings Plan (TSP) allocations during a volatile market requires balancing opportunity and risk. Two primary strategies emerge: buying when the market is down to maximize long-term gains and shifting to safer funds to minimize losses. Each approach has merits,…
A Thrift Savings Plan (TSP) loan allows federal employees to borrow money from their TSP retirement savings. It can be a useful option for covering expenses like buying a primary residence or handling general financial needs, but it’s important to understand how…
The Thrift Savings Plan (TSP) is growing and evolving, offering new features and proving its potential for wealth building. Starting in 2026, federal employees and military personnel will gain access to a game-changing feature: Roth conversions. Meanwhile, a surge in the number…
Government agencies looking to downsize or restructure their workforce may offer eligible employees early retirement under Voluntary Early Retirement Authority (VERA).
Effects on Your FERS Annuity
The FERS annuity begins on the first day of the month following retirement. Your FERS Basic…
The new year has brought some changes regarding your federal benefits. Keeping up with these changes will help you maximize your benefits and better prepare for retirement.
TSP Contributions
TSP contribution limits for 2025 have been increased. This applies to both traditional…
