“I had a comment about LTC coverage, my mom had a number of health issues and required institutional 24/7 “memory” care the final year of her life. My dad found out the hard way how expensive the care costs in 2017. It was over $12,000 a month at the “nicest” hospital. He wound up moving […]
IRS Announces BLANKET Relief for Unwanted 2020 RMDs!IRS released IRS Notice 2020-51 which extended the deadline to August 31, 2020 to return any unwanted 2020 RMDs. By “ALL” we mean ALL, even non-spouse IRA or plan beneficiaries (who could never do a rollover… until now). The 60-day rollover period is extended to August 31, 2020, […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. Since then we have received numerous questions and wanted to share them specifically as they apply to TSP. Question 1: I’ve heard that the CARES Act is waiving Required Minimum Distributions (RMDs) for 2020. Who does this apply […]
Due to a meaningfully different economic environment related in large part to the impact of the global COVID-19 pandemic, as well as the nomination of three new Federal Retirement Thrift Investment Board Members, pending further study, the Federal Retirement Thrift Investment Board is delaying the implementation of the I Fund benchmark change to the MSCI […]
Social Security Outlook Makes TSP All the More Important. Can we count on Social Security in the future? This question is related to the Thrift savings Plan because, if we can’t count on Social Security, we will need more income coming from sources such as the TSP and IRAs. For the last two years, the […]