Our Thoughts & Insight - Federal Employee
The More You Check Your TSP or Investment Accounts, the Worse You’ll Do
Checking your TSP too often might seem like a responsible habit, but it can actually hurt your long-term financial success. The more frequently you check, the more likely you are to react emotionally to short-term market swings—leading to stress and potentially costly decisions. Instead of monitoring your investments like an ICU patient, adopt a patient, long-term approach. !
TSP Withdrawal Rules for Federal Law Enforcement: Avoid Penalties & Maximize Retirement Savings
TSP Withdrawals for Federal Law Enforcement: Avoid Penalties & Maximize Your Retirement Understanding the “Protecting Public Safety Employees Timely Retirement Act” If you’re a Federal Law Enforcement Officer (LEO) planning for retirement, understanding the...
Federal Buyouts: Are You Financially Secure or Swimming Naked?
Are You Swimming Naked? Are Federal Buyouts Are Exposing Financial Vulnerabilities? Are Federal Buyouts Revealing Financial Weaknesses Among Employees? Warren Buffett once said, “When the tide goes out, you see who is swimming naked.” In other words, when financial...
The TSP’s Hidden Flaw: How Withdrawal Rules Could Cost Federal Retirees Thousands
The Thrift Savings Plan (TSP) is pretty amazing in many ways. It’s low cost, easy to use, and offers matching contributions*—all of which make it a standout retirement savings option for federal employees. These features make it simple for participants to build a solid nest egg and retire comfortably.
But (and there’s always a “but,” right?) While the TSP shines when it comes to growing your money, it really drops the ball for retirees who are taking money out. It’s a bit like having the best tools to build a house, but no plan for how to maintain it once it’s done.
