Here’s more news about the implementation of SECURE 2.0. In a recent article, we discussed a provision of the Act that, beginning in 2024, would have required highly compensated employees to make any catch-up contributions as Roth contributions. This provision will not affect too many TSP account holders for two reasons: 1) Catch-up contributions can […]
Pending legislation could affect federal employees’ work-life balance, civil service protections, TSP investment options and more. The Senate returns from recess on Tuesday and the House the following week. Lawmakers will be racing the clock to tackle big issues, such as finalizing agency spending bills. Here are five areas to watch as Congress returns, that […]
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 amount instead of receiving guaranteed monthly payments for life? And while from 1986 […]
MRFC International Association of Registered Financial Consultants MEDIA RELEASE Nationwide- August 2023 Carol Schmidlin Awarded Ethics Approved Status The International Association of Registered Financial Consultants (IARFC®) has recently awarded Carol Schmidlin of Franklin Planning the “Ethics Approved” Status for her adherence to the IARFC Code of Ethics. This historical verification includes background checks […]
You can’t walk up to the mutual fund window at the Thrift Savings Plan, and put cash on a granite counter. It’s virtual. Regardless, it’s in danger of closing. Part of the problem is how few TSP account holders are actually using it to move a portion of their TSP. One reason for that could […]