Another important strategy for federal employees is to make the most of the Thrift Savings Plan (TSP). The TSP is a retirement savings plan for federal employees, with benefits similar to those of a 401(k) plan in the private sector. One effective TSP strategy is to contribute the maximum amount allowed each year, which is currently $19,500 for those under a...
As a federal employee, you have access to retirement benefits that can help you plan for a comfortable future. Two of the most important benefits are the FERS Pension and the Special Retirement Supplement. The FERS Pension is a defined benefit plan that provides a guaranteed monthly payment based on your years of service and highest average salary. The Speci...
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