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Financial Planning and Retirement News

Thrift Savings Share Prices

Thrift Savings Share Prices as of Nov. 29, 2017.

Legal Matters: Not all retirements are the same

Just because someone is eligible for retirement does not mean that employee will retire at that age, though. According to a study conducted from 2014 to 2016 by the Office for Personnel Management (OPM), the average age of people retiring from the executive branch of the federal workforce increased from 61.2 to 61.7 years old.

Tax proposal takes aim at catch-up TSP contributions

Senate Finance Committee Chairman Orrin Hatch (R-Utah) is planning to introduce a series of amendments to the tax reform legislation that would restrict federal employees from making extra contributions to their Thrift Savings Plan accounts from pretax earnings.

House adopts Senate's version of 2018 budget

House Republicans have adopted the Senate version of the 2018 budget resolution that does not include billions of dollars in cuts to federal retirement benefits.

Carson has faith in fed giving

Housing and Urban Development Secretary Ben Carson believes strongly in the charitableness of federal employees, despite declining contributions to the Combined Federal Campaign.

Survey: Most feds happy with their TSP

A recent survey found that the vast majority of Thrift Savings Plan participants are happy with their service, but 30 percent of current participants said they will transfer their money out of the program after retirement.

Senate Republicans pass budget plan, excludes cuts to fed retirement benefits

The Senate passed a $4 trillion budget plan that does not include a proposal to cut billions of dollars to federal retirement benefits, unlike the House plan.

OPM puts small dent in claims backlog in September

The Office of Personnel Management last month put a small dent in its retirement claims backlog after it reached a high in recent months.

Fed retirees get 2 percent COLA in 2018

Federal retirees will get a 2 percent cost-of-living adjustment for 2018, which is in accordance with the latest consumer price data released by the Bureau of Labor Statistics.

House passes budget that targets feds’ retirement, health benefits

The House on Thursday passed a fiscal year 2018 budget resolution that will make cuts to federal employees’ and retirees’ retirement and health benefits.

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