Many of the funds in the government’s 401(k)-style retirement savings program are seeing losses from market downturns, but the G Fund is growing. Well it’s official. The G Fund is now the biggest amongst the five core TSP funds. That’s not a small feat as the C Fund – the next biggest fund – has […]
The federal government’s 401(k)-style retirement savings plan continues to suffer from tumult in financial markets. After a brief rebound in May, the federal government’s 401(k)-style retirement savings plan continued a descent last month that has lasted nearly the entirety of 2022. The international stocks of the Thrift Savings Plan’s I Fund saw the worst performance […]
Required Minimum Distributions (RMD) must be taken from an employer retirement plan by April 1st following the year you turn age 70 1/2 (unless you are still employed by that employer), to avoid a 50% IRS penalty of the RMD that was not taken. If you don’t take the RMD by December 31st of the […]
Join us on Tuesday, May 10th at 12:00 pm EST Nationally, over 50% of marriages end in divorce. For federal employees, that typically means awarding the former spouse a portion of their FERS annuity and TSP account balance. Carol Schmidlin will be accompanied by a special guest for this webinar, CPA Dan Jamison.
Long-term care premiums are expected to increase for federal employees around the end of 2016. The Office of Personnel Management agreed to terms on a new seven-year contract with John Hancock Life and Health Insurance Company this past Tuesday. OPM Secretary, Sam Schumach, said that the increase is due to longer lifespans and low returns […]