How Are FERS Benefits Funded?

Way back in 1920, the first version of a retirement system for federal employees was created. That was called the Civil Service Retirement System, and as we know, a new system was formed to replace it back in 1986. Some federal employees opted to stay with the CSRS...

New Budget Brings Changes for Federal Employees

According to official reports, the much-awaited federal budget will be delivered any day now. It probably won’t surprise you to learn that the new spending plan will affect employees of the federal government, so let’s break down the most important items...

Can Your TSP Help You Become a Millionaire?

For decades, many people have set a benchmark of a cool one million dollars as their retirement savings goal. Whether or not that amount will continue to provide enough income for retirement is another matter for another day… But to this day, the allure of becoming a...

Are You Making This Mistake With Your TSP?

Does your agency offer any form of matching funds for the contributions you make to your Thrift Savings Plan? If so, you know that you could be (and hopefully are) taking advantage of what is essentially free money for retirement. You would be in good company, as 77.6...

What Will You Do With Your Pay Raise?

The new year has arrived, and with it comes a raise in pay for many federal employees. The calculation of these pay increases is a complicated subject, far beyond the scope of this blog, but you will be notified of any raise by your employer anyway. Beyond that, you...

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