dailyfed

11/16/2024

Tips To Help You Save More For Retirement

Not on track to have 4x your salary in your TSP by age 50? Here are a few tips to help you sock away more money.

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11/15/2024

Concerning Trends in Retirement Account Withdrawals

Recent findings show that individuals are withdrawing from their retirement accounts at worrisome levels, posing risks to long-term savings growth.

Learn more: https://dailyfed.com/2024/11/concerning-trends-in-retirement-account-withdrawals/

Recent findings by the TransAmerica Center for Retirement Studies show that individuals are withdrawing from their retirement accounts at worrisome levels, with these withdrawals posing risks to long-term savings growth. Prevalence of Loans and Withdrawals

11/14/2024

Pitfalls To Avoid After You Retire From Your Federal Career

Even if you’ve done all the work required to ensure a financially secure future, there are pitfalls ahead that may put you in danger of running out of money.

Learn more: https://dailyfed.com/2024/11/pitfalls-to-avoid-after-you-retire-from-your-federal-career/

Once you retire from your federal career, it may feel like you’ve already done all the hard work required to ensure a financially secure future. Then again, there are pitfalls ahead that may put you

11/13/2024

Options For Rolling A TSP Into An IRA

Many former TSP participants move their funds into IRAs, so understanding the types of IRAs and their rules can be helpful.

Learn more: https://dailyfed.com/2024/11/options-for-rolling-a-tsp-into-an-ira/

If you’re contemplating rolling your Thrift Savings Plan (TSP) into an Individual Retirement Account (IRA), it’s important to weigh the advantages and disadvantages. Many former TSP participants move their funds into IRAs, so understanding the

11/12/2024

Common Misconceptions About Taxes In Retirement

There are a number of misconceptions about taxes in retirement that may leave you with a larger-than-expected tax bill.

Learn more: https://dailyfed.com/2024/11/common-misconceptions-about-taxes-in-retirement/

It may seem logical to assume that dealing with taxes in retirement won’t be that complicated. Your income will be less than when you were working for Uncle Sam and, with the kids out on

11/11/2024

First Day Of Open Season

Today marks the first day of Open Season which runs through December 9, 2024. During this time you can evaluate your insurance coverage and compare plans to determine whether you could be saving money.

Learn more: https://dailyfed.com/2024/11/first-day-of-open-season/

Today marks the first day of Open Season which runs through December 9, 2024. During this time you can evaluate your insurance coverage to ensure it’s the best option for your family. You can also

11/10/2024

IRS Announces Inflation-Adjusted Tax Brackets For 2025

Each year, the Internal Revenue Service (IRS) adjusts income tax brackets to offset inflation. The adjustments for inflation will increase tax brackets by about 2.8% for 2025.

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11/09/2024

Understanding Income Taxes On Other Types Of Retirement Income

90% of your FERS annuity is taxable as income along with 50% to 85% of your Social Security and 100% of your distributions from your traditional TSP.

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11/08/2024

How Does An In-Service TSP Withdrawal Compare To A TSP Loan?

If you’re considering a Thrift Savings Plan (TSP) loan or an in-service withdrawal, it’s important to compare the two to see which one is the better option.

Learn more: https://dailyfed.com/2024/11/how-does-an-in-service-tsp-withdrawal-compare-to-a-tsp-loan/

If you’re considering a Thrift Savings Plan (TSP) loan or an in-service withdrawal, it’s important to compare the two to see which one is the better option. Two Types Of In-Service TSP Withdrawals An in-service

11/07/2024

Correcting Key Retirement Issues Before It’s Too Late

To keep you on the right path to a secure retirement, here are some potential issues you need to correct before it's too late.

Learn more: https://dailyfed.com/2024/11/correcting-key-retirement-issues-before-its-too-late/

You’ve probably read countless articles on retirement and the steps you should take to ensure you’re well-prepared for your financial future. To keep you on the right path, here are some potential issues you need

11/06/2024

Deferred vs. Postponed Retirement

There are several retirement options unique to Federal employees under the FERS system. A common source of confusion is the difference between deferred and postponed retirement.

Learn more: https://dailyfed.com/2024/11/deferred-vs-postponed-retirement/

There are several retirement options unique to Federal employees under the FERS system. A common source of confusion is the difference between deferred and postponed retirement, so let's take a minute to break it down.

11/05/2024

Understanding Dependent Eligibility For Federal Benefits

Federal employees have a wide range of benefits available to them and their families. Let’s take a minute to break down the eligibility requirements for dependent children.

Learn more: https://dailyfed.com/2024/11/understanding-dependent-eligibility-for-federal-benefits/

Federal employees have a wide range of benefits available to them and their families. Let’s take a minute to break down the eligibility requirements for dependent children. Federal Employees Health Benefits (FEHB) Program: A child

11/04/2024

Unique Retirement Decisions Facing Federal Couples

Spouses employed by federal agencies face some unique decisions regarding their retirement benefits.

Learn more: https://dailyfed.com/2024/11/unique-retirement-decisions-facing-federal-couples/

A lot of preparation goes into retirement planning, and federal couples - spouses both employed by federal agencies - face some unique decisions regarding their benefits. The most common concerns are which FEHB coverage they

11/03/2024

Has The U.S. Avoided A Recession?

Concerns about a potential U.S. recession are beginning to wane, but economists are still keeping an eye on key indicators.

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11/02/2024

What To Expect During The Retirement Lifecycle

What will the coming years be like as we navigate through the stages of the retirement lifecycle?

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11/01/2024

How An Emergency Fund Protects Your TSP

In retirement, you may need a more robust emergency fund to handle any financial curveballs including a downturn in the stock market.

Learn more: https://dailyfed.com/2024/11/how-an-emergency-fund-protects-your-tsp/

During your working years, the traditional advice is to have enough money in your emergency fund to cover three to six months of your living expenses. Then again, in retirement, you’ll need considerably more for

10/31/2024

Start Working On Your Retirement To-Do List ASAP

It's important to start working on your retirement to-do list – sooner rather than later - to take full advantage of your federal retirement benefits.

Learn more: https://dailyfed.com/2024/10/start-working-on-your-retirement-to-do-list-asap/

As a federal employee, you have awesome retirement benefits. That’s why it’s important to start working on your retirement to-do list - sooner rather than later. Build A Cash Reserve To Cover The First 4

10/30/2024

Will You Be Eligible To Continue FEHB In Retirement?

Your FEHB coverage may be the most valuable federal benefit you have since Uncle Sam continues to pay up to 75% of your premium in retirement.

Learn more: https://dailyfed.com/2024/10/will-you-be-eligible-to-continue-fehb-in-retirement/

According to a 2023 survey conducted by the OPM, over 90% of federal workers say the top reason they wanted to work for Uncle Sam is the government’s benefit programs. At the top of the