Attention government employees: there’s a new retirement savings regulation on the horizon that could have a big impact on your financial future. In 2024, some federal workers will be required to make catch-up contributions exclusively to their Roth TSP accounts. If you’re not familiar with the Roth TSP or what catch-up contributions entail, don’t worry…
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Children Of Federal Retirees’ Insurance Benefits – What You Should Know
Imagine this scenario: You have dedicated your life to serving your country as a federal employee. Now that you are retired, it’s time for you to reap the rewards of your hard work—including insurance benefits for your children. If you find yourself wondering what exactly these benefits entail and how they can benefit your family,…
5 Important Things To Keep In Mind About The FEHB Program
Are you a federal employee nearing retirement or simply curious about the benefits offered by The Federal Employees Health Benefits (FEHB) Program? Look no further – this guide will provide you with valuable insights into five important aspects of the program that you should keep in mind. As a crucial perk for federal employees, FEHB…
4 Limitations Of TSPs Every Retiree Should Know
As a government employee, you have access to a range of federal benefits that can greatly enhance your retirement plans. One of the most popular options is the Thrift Savings Plan (TSP), which allows you to save and invest for your future. While the TSP offers many advantages, it’s important to be aware of its…
Will Federal Retirees Get A Pension Raise In 2023?
With the ever-increasing cost of living and economic fluctuations, federal retirees have been closely monitoring any updates on potential adjustments to their retirement benefits. As government employees who have dedicated years or even decades to serving their nation, they rely on their pensions as a crucial source of income during their golden years. Here, we…
5 Things Happy Retirees Do That Cost Little To No Money
Retirement is the much-awaited phase of life that promises freedom, leisure, and a well-deserved break from work. For federal employees who have dedicated years to serving their government, it’s an opportunity to relax and enjoy the fruits of their labor. However, many retirees worry about maintaining a fulfilling lifestyle on a limited budget. The good…