The federal government’s 401(k)-style retirement savings program was not immune to the economic headwinds brought on by President Trump’s war with Iran.
While federal employee benefits can assist beneficiaries in the event of a loved one's death, it's important to understand the rules of those plans and how to best seamlessly apply them to your survivors.
Thrift Savings Plan participants need to carefully weigh the advantages and potential tax pratfalls of moving their balances to an after-tax investment strategy.
Despite a slowing rate of return, last month still marked the third consecutive month in which all portfolios in the Thrift Savings Plan all increased in value.
The Emergency Relief for Federal Workers Act would clarify that lapses in appropriations qualify federal workers to take a hardship withdrawal from the federal government’s 401(k)-style retirement savings program and eliminate the associated 10% penalty in those instances.
While domestic investments in the federal government’s 401(k)-style retirement savings program posted gains last month, its international fund faltered.
Not all money in a Roth Thrift Savings Plan account is automatically tax-free, and there are several things to consider before making a withdrawal to avoid tax and other penalties.