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, ...
The bills, which lack Republican support, also aim to ensure that federal employees have access to TSP loans during government shutdowns. Congressional Democrats introduced bills that would waive ...
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 ...
Mike Zaino, of The Zaino Group, is a Registered Financial Consultant and National Retirement Counselor serving federal and postal employees. Federal employees have access to a valuable retirement ...
Sen. Tim Kaine, D-Va., this week introduced new legislation aimed at making it easier for federal workers to take advantage of the federal government’s 401(k)-style retirement savings program to help ...
The Thrift Savings Plan (TSP), a cornerstone of retirement planning for federal employees and uniformed service members, oversees an impressive $845 billion in assets, making it the nation's largest ...
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How Does a Thrift Savings Plan (TSP) Work?
The Federal Employees' Retirement Security Act of 1986 established the Thrift Savings Plan, or TSP. It is a qualified ...
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 ...
Public-sector workers with a thrift savings plan (TSP) may be tempted to move their retirement funds elsewhere. TSPs, though generally great products, aren’t flawless and tend to lose their appeal ...
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