We’re in the midst of the end-of-year retirement season for federal workers who are ready to make the big transition from employee to annuitant. In January 2017, the Office of Personnel Management ...

A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

I’ve been receiving quite a few questions lately about what is happening with implementation of the changes to Thrift Savings Plan withdrawal options as a result of the TSP Modernization Act signed ...

Mike Zaino, of The Zaino Group, is a Registered Financial Consultant and National Retirement Counselor serving federal and postal employees. Federal employees have access to a valuable retirement ...

WASHINGTON, D.C. - U.S. Senators Rob Portman (R-OH) and Tom Carper (D-RI) introduced legislation today to strengthen Thrift Savings Plan (TSP) retirement accounts by modernizing the overly restrictive ...

The Thrift Savings Plan (TSP) has made it easier to withdraw your contributions. Effective Sept.15, 2019, the TSP changed many of its withdrawal rules and loosened the restrictions on when you can ...

The House could vote as early as Tuesday to ease a tax penalty for certain federal employees that applies to early withdrawals from the Thrift Savings Plan, their 401(k)-style retirement savings plan.

The Thrift Savings Plan (TSP), a cornerstone of retirement planning for federal employees and uniformed service members, oversees an impressive $845 billion in assets, making it the nation's largest ...

After the Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, the Federal Retirement Thrift Investment Board (FRTIB) created a CARES Act project that included ...

The amount you withdraw from your Thrift Savings account for a financial hardship must be limited to your financial need. I have tried several times to refinance a $70,000 loan but once they find out ...

The House voted to unanimously pass a bill that would increase federal employees' flexibility in withdrawing funds from their retirement accounts. OPM Workforce Management The House of Representatives ...

F or this Mailbag Monday: A number of Diary readers wrote or called last week saying they were concerned that their IRS Form 1099 from the Thrift Savings Plan had not arrived, delaying their tax ...