Financial Planning

October: National Retirement Security Month

The awareness-raising event began as an effort to get government workers to put more thought into savings—but it has since morphed into a nationwide effort to get all Americans to do so. Congress has recognized the event every year since its inception.

Early retirement? For some, it makes sense

Most retirement advisors are very cautious, focusing on the need for adequate savings and pension to be on hand, before calling it a day at the office. This week, however, we talked with a popular advisor who focuses on less-discussed subjects: finding the courage to retire, and satisfying a continuing need for a full life with some adventure and joy.

Expert: COVID, inflation and what NOT to do with your TSP

The COVID pandemic and the tantalizing but uneven economic recovery so far this year have feds seeking advice about their retirement savings, including TSP. This week, Nathan Abse interviews Ann Ozuna—a retirement expert and advisor whose clientele is focused on federal employees. Ozuna's experience in the federal community included two decades as a fed herself, working as a retirement specialist with DOD and DOE.

TSP to offer sustainable funds

Federal retirees will have new choices for investing their retirement savings, those that support sustainable enterprises. But the option will not be available until next year.

Survey: TSP remains popular with feds

The latest survey of 5,500 Thrift Savings Plan participants shows that nearly 9 out of ten federal employees said they are happy with it, though satisfaction dipped a bit -- likely because of the fallout from the pandemic.

FERS vs. FECA: Best retirement option sometimes hard to call

Some injured or disabled feds may be better off not drawing from the Federal Employees Retirement System but instead electing to continue to draw disability pay under the Federal Employees’ Compensation Act program, a new Government Accountability Office report says.

Thrift Savings Share Prices

Thrift Savings Share Prices as of Aug. 13, 2020.

Thrift Savings Share Prices

Thrift Savings Share Prices as of Sept. 4, 2020.

TSP offers COVID-related loan options

Thrift Savings Plan is now offering temporary loan options for TSP participants affected by COVID-19.

Who’s the smartest investor?

Many federal workers, people with good jobs and good salaries are self-made millionaires. They did it by investing an average of 29 years in the C and S funds of their Thrift Savings Plan.

Connelly calls out administration interference in I-fund reversal

The Virginia congressman said concerns about the composition of the investment fund should have been to the Office of Foreign Assets Control, rather than to the Federal Retirement Thrift Investment Board.

Use this downtime to review your health insurance

No one knows how much premiums -- for the FEHB plan and elsewhere -- will be going up next year, but it could be a lot. And while that could impact most people, it doesn’t have to be that way.

Making room for life insurance amid ever-present uncertainty

Life insurance is one of the most important gifts you can give your loved ones – to protect them from the uncertainties of today and tomorrow.

TSP loans, hardship withdrawals decline despite financial panic

The Federal Retirement Investment Thrift Board reported a decrease in loans and hardship withdrawals by Thrift Savings Plan participants covering the period from January to mid-April.

Retirement in the time of COVID-19: Expert talks TSP, 'emergency money' and delaying departure date

In an interview with Nathan Abse, Ann Ozuna -- a longtime retirement consultant and advisor to federal employees, and former fed herself – talks about re-evaluating investments and rethinking retirement plans in the wake of the coronavirus pandemic.

So you outlive your money. Then what?

If you work for Uncle Sam -- in New York, Chicago, D.C. or most other metro areas -- you may outlive your nonfederal neighbors. In some cases by a lot. And that’s both good news and bad news.

Informed Investor: IRS and state revenue departments taking steps to combat tax identity theft

The announcement in June of the hacking of OPM files containing personal information of 4 million past and present employees should be another reminder of the identity theft threat facing employees, including tax identity theft. This week’s column discusses what employees should do if they are a victim of tax identity theft, and what they should do to prevent it.