Military Families’ Financial Challenges Are Unique; These Tips Can Help Any family can experience financial hurdles, but military families may face unique challenges that set them apart from their civilian counterparts. From being remotely stationed with limited access to good paying jobs and childcare, to frequent moves that can make establishing consistent savings habits hard, […]
C, S, and I Funds in Thrift Savings Plan Grow Over 3% in March Stocks continued to show signs of strength during the month despite indications from the Federal Reserve that they will not be cutting interest rates soon. Many Thrift Savings Plan participants have been moving funds from the G fund to the C […]
2025 COLA Estimate for Social Security, FERS, and CSRS After an 8.7% COLA in 2023 and a 3.2% adjustment in 2024, the downward trend is expected to continue for Social Security’s 2025 COLA. Current estimates predict 2.4%. Retired federal employees receiving a CSRS pension receive the same cost-of-living adjustment (COLA) as recipients of Social Security […]
TSP Issues Guidance on Upcoming Rise in Catch-Up Limits for Some As before, investments will automatically “spill over” into catch-up status once the standard limit is reached. The TSP has said it will issue notices later this year to account holders who will be eligible to make additional investments beyond the normal limits starting in […]
Which is Better? A Roth IRA or Roth TSP? By Carol Schmidlin Both are tax free, however there are some differences. How much can you put in a Roth IRA? In 2024 you can contribute $7,000 and if you are turning 50 in 2024 you can contribute $8,000. However, a Roth IRA has phase out […]