Furloughs and Your Retirement

By Tammy Flanagan

October 4, 2013

Well, it’s furlough time -- or, as my friend Herb Hayes calls it, “furl-ouch.” Suddenly, every day feels like a snow day. But where I live in Northern Virginia, the sun is shining and it’s as hot as a summer day in mid-July. When government shutdowns happen, it is not as much fun to have a day off as some people seem to think. The emotions are many: fear (will I be paid?), curiosity (how is everyone handling the situation?), and anger (why would our government allow this to happen?).

While I’m not currently a federal employee, I am a government contractor who also is affected, because there are no employees at work to attend my pre-retirement seminars. I always try to look on the bright side of any situation, but there are many people -- feds as well as those who depend on the government to stay in business -- that will not see any bright side to this situation.

Among the many concerns that federal employees have right now is what will happen to their Thrift Savings Plan investments. Here are a few TSP tips and facts to consider in a shutdown scenario:


By Tammy Flanagan

October 4, 2013

http://www.govexec.com/pay-benefits/retirement-planning/2013/10/furloughs-and-your-retirement/71314/