Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan (by Hazel Bradford)

/in /by

Bipartisan legislation to loosen withdrawal rules for the Federal Thrift Savings Plan was introduced Thursday by Sens. Rob Portman, R-Ohio, and Tom Carper, D-R.I.

The proposed changes would address what the bill sponsors characterized as overly restrictive withdrawal rules that, according to TSP surveys, are a significant reason for the $9 billion transferred out of the plan every year into higher-fee accounts when employees leave the federal government.

Read more!

Source: Pensions & Investments

WEBINAR – Survive and Thrive in Retirement

/in /by

Join us on Tuesday, April 11th at 12:00 pm EST

When you retire, you may want to travel, see the world, and spend time with your loved ones, without having to worry about running out of money. In this session, we will share the strategies that will have you doing everything you want to do during your retirement and still reach your full income potential.

Read more

G Fund and the Debt Limit

/in /by

As of today, March 16, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.

Source: TSP: Plan News and Announcements

Do you really ‘own’ your TSP account? (by Randy Silvey)

/in /by

“Ownership” is a rather fuzzy concept where federal retirement accounts are concerned. However, there is perfect clarity in recognizing feds don’t enjoy the same custody rights within their retirement nest eggs as other retirement savers do. Read more