The Thrift Savings Plan does not give you a lot of choices as to how to withdraw your money after you separate from federal service. In general, employer-sponsored plans such as the TSP do not offer the flexibility in withdrawal options that you will find in an IRA.
Last week, we looked at the rising costs of Medicare Part B insurance, which helps cover doctors’ services and outpatient care. Many federal employees and retirees are wondering whether they need to sign up for the increasingly expensive Part B, since they typically already carry Federal Employee Health Benefits Program coverage into retirement.
The premiums for Medicare Part B have been announced, by The Centers for Medicare & Medicaid Services (CMS), for the upcoming year of 2017. Although the Social Security COLA that was announced in October was low, preimum rates are set to increase across the board. Under the harmless hold provision, which applies to approximately 70% […]
President Trump? Those two words becoming a reality were considered highly unlikely before yesterday’s election. In a year of political surprises, America’s election of Donald Trump as president despite consistently running behind in many polls is a historic event. As happened in the United Kingdom earlier this year, voters made up their own minds and ignored the […]
As a young federal employee, you may be thinking about retirement, but it probably seems like a lifetime away. Remember playing as a child and not giving a care in the world about adult responsibilities? In that moment, adulthood also seemed like a lifetime away, but here you are! It seems like everything happened in […]