Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan (by Hazel Bradford)

Bipartisan legislation to loosen withdrawal rules for the Federal Thrift Savings Plan was introduced Thursday by Sens. Rob Portman, R-Ohio, and Tom Carper, D-R.I.

The proposed changes would address what the bill sponsors characterized as overly restrictive withdrawal rules that, according to TSP surveys, are a significant reason for the $9 billion transferred out of the plan every year into higher-fee accounts when employees leave the federal government.

Read more!

Source: Pensions & Investments

G Fund and the Debt Limit

As of today, March 16, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.

Source: TSP: Plan News and Announcements

Do you really ‘own’ your TSP account? (by Randy Silvey)

“Ownership” is a rather fuzzy concept where federal retirement accounts are concerned. However, there is perfect clarity in recognizing feds don’t enjoy the same custody rights within their retirement nest eggs as other retirement savers do. Read more

Three Crucial Planning Tips for 2017

Beginning each New Year, you will find countless articles on financial tips that are very helpful.  As I was giving thought to my own list for 2017, I found myself reflecting on the past.  For 23 years, I have provided retirement planning to countless individuals and their families.  During that time I have seen not only the positive effects of doing proactive financial planning, but also the  disastrous outcomes from not implementing adequate protection strategies.  That is why for 2017, I have chosen to highlight those steps I believe to be most critical.

Crucial Planning Tip #1: A Retirement Plan Read more