Saving In Your Thrift Savings Plan (TSP) Is Important For Several Reasons Retirement Security: The TSP is a powerful tool for building a nest egg for retirement. It helps ensure you have enough funds to maintain your lifestyle when you stop working. Tax Advantages: Contributions to the TSP can be made on a pre-tax basis, […]
Are You Ready for FEHB Open Season? Open Season for the 2025 FEHB plan year is underway. Here is some information to help. The federal benefits Open Season for the 2025 plan year begins November 11, 2024, and runs through December 9, 2024. This is the event where federal employees and retirees choose their benefits […]
Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees While for decades that has meant only the FEHB, Postal Service employees and retirees will be shifted to the PSHB, essentially a carve-out program with many similarities but also some key differences. Image: The Image Party/Shutterstock.com The annual federal benefits open season […]
Are You Making This Mistake During FEHB Open Season? FEHB premiums are rising sharply as seen in the BCBS historical costs. Failing to analyze and compare plans during Open Season could be a big mistake. It’s that time of year again. You know, the time you anxiously anticipate annually. Yes, it’s Open Season for federal employee […]
2025 401(k) Contribution Limits Announced; New Super Catch-Up for Ages 60-63 The IRS officially announced the new 401(k) contribution limits for 2025 (full news release), which also included a new “super catch-up” allowance for people who are ages 60-63 at year-end 2025. Strangely, it goes back down once you are age 64. I hadn’t heard […]