OPM’s Retirement Backlog Hit an 8-Year Low Last Month Efforts to streamline the processing of departing federal workers’ retirement applications continue to pay dividends, as the inventory of pending claims hit the lowest point since 2016. The government’s backlog of pending retirement claims from federal workers hit an eight-year low last month. The Office of […]
May TSP Returns: Significant Gains With One Fund Up 11.2% in 2024 One TSP Fund—the most widely held Fund—is up 11.2% (so far) in 2024. Only one TSP Fund is down. TSP Funds End Rally on Final Day of the Month The three major stock indices all posted gains in May. A significant rally on […]
Here’s How Every Generation Views Retirement in 2024, From Gen Z to Baby Boomers Different generations might have different viewpoints about retirement based on their values and experiences, but one thing just about every age group agrees on is that you need a lot of money to retire comfortably in the United States. Read more HERE.
4 Key Reasons Why TSP Lifecycle Funds May Miss the Target Lifecycle Fund investors need to be cognizant of higher fees, unintentional overlap/concentration, improper time horizon, and shifting too conservative too soon. Lifecycle Fund, Target Date Fund, Life Strategy Fund, Target Retirement Date Fund: Regardless of the branding, these funds are all constructed around the […]
Garamendi Leads Letter Calling on Federal Agencies to Modernize Retirement Rollovers and Combat Mail Theft May 29, 2024 Press Release WASHINGTON, DC—Today, Representative John Garamendi (D-CA-08) led ten other Democratic members in calling on the Federal Retirement Thrift Investment Board and the Bureau of the Fiscal Service to allow for the electronic transmission of Thrift […]