Can You Take Your FERS or CSRS Pension as a Lump Sum? If you ever look at your paystub and wonder what “cumulative retirement” means, it refers to the total amount of contributions that you have made to either FERS or CSRS. And many might wonder, upon retirement – can’t they just take this full […]
2024 TSP Contribution Limit Predicted to Increase Recent estimates project that the 2024 TSP annual contribution limit will increase to allow federal employees to save more for retirement. The annual contribution limit for the Thrift Savings Plan (TSP) will increase by 2.2% in 2024 according to Mercer, a benefits consulting firm that is part of […]
Navigating Retirement Pitfalls Much is written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Some classic financial missteps have been known to plague retirees, too. Calling them “missteps” may be a bit harsh, as not all of them represent errors in judgment. Either way, becoming aware of these potential pitfalls […]
TSP Funds Dropping in April New records are being set by the TSP. Here is an update on TSP fund performance and some of the records cited by the TSP in its latest release. New Records for the TSP There were several new highs for the Thrift Savings Plan (TSP) in March. The FERS participation […]
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, […]