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...
As a federal employee, retirement planning is a crucial part of your financial future. Whether you are nearing retirement or just starting out, it's important to understand your options and make the most of the benefits available to you. This may include choosing the right retirement plan, contributing to a Thrift Savings Plan, and taking advantage of other ...
