New options for federal employees and retirees to withdraw finds from their Thrift Savings Plan went live on Sept. 15. Under the new policy, feds 59.5 years of age and older can make four withdrawals ...

A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

When most current federal employees retire from government, they will have three different sources of retirement income: the Federal Employees Retirement System basic benefit, a Social Security ...

On July 1, the Thrift Savings Plan (TSP) will add six new funds and retire one, giving participants a total of 15 options of how to invest their retirement savings. The TSP will add six more lifecycle ...

Choosing where to invest retirement savings is one of the most powerful financial decisions an individual can make. Federal employees now have an expanded set of retirement investment options from ...

WASHINGTON, D.C. - U.S. Senators Rob Portman (R-OH) and Tom Carper (D-RI) introduced legislation today to strengthen Thrift Savings Plan (TSP) retirement accounts by modernizing the overly restrictive ...

After the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, the Federal Retirement Thrift Investment Board (FRTIB) created a CARES Act project that included ...

The Thrift Savings Plan, without question, has become a very popular and trusted place for federal employees to save for their retirement. The numbers speak for themselves: But what about after ...

Both Roth thrift savings plans (TSPs) and Roth individual retirement accounts (IRAs) can offer significant tax advantages and the potential for tax-free growth, but they cater to different needs and ...