Sentences with phrase «thrift savings plan»

Whether it's your employer 401K, Traditional IRA, SEP IRA, or Thrift Savings Plan (TSP), the majority of Americans have invested these qualified retirement dollars because they have been told that is the -LSB-...]

On the client side, I have seen a number of clients who had negotiated in the divorce process to receive a percentage of their spouse's defined contribution plans (i.e., 401 (k), 403 (b), Thrift Savings Plan, Investment and Savings Plan, etc.), surprised that the dollar amount they received was less than they anticipated, because of the drop in asset values.

Colorado About Blog Get federal retirement planning resources for those in Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), Thrift Savings Plan (TSP) and more.

The IRS is raising the contribution limit for 401 (k), 403 (b), most 457 plans and the federal Thrift Savings Plan from $ 18,000 to $ 18,500.

Among the marital assets that needed divvied up were three vested retirement accounts: A Military pension, a Civil Service Pension and a Thrift Savings Plan.

You know that it's important to save for retirement, and may already be setting aside some money in an individual retirement account (IRA) or the Thrift Savings Plan (TSP).

Ryan @ MFN presents How to Take a Thrift Savings Plan Loan posted at The Military Wallet, saying, «The Thrift Savings Plan is similar to a 401k, but for government workers and military members.

Employee Express: PBGC employees have electronic access to an online site where they can perform a variety of discretionary personnel and payroll transactions (e.g., changes to Financial Allotments, Health Benefits, Thrift Savings Plan, Direct Deposit, Federal and State Taxes, Home Address, and Savings Bonds).

Readers ask: How can I do Couch Potato investing in the Thrift Savings Plan?

The taxable portion can be rolled over into the Thrift Savings Plan.

«Rates: Savers will earn interest at the same variable interest rate as the federal employees» Thrift Savings Plan (TSP) Government Securities Investment Fund.

Related to the 403b and Thrift Savings Plan (TSP)

As it is I contribute both to the Roth / Traditional portions of my 401K equivalent (Thrift Savings Plan), but continue to contribute exclusively to Roth for my wife and I's $ 5500 each outside of the TSP... so more like a 60 % ROTH / 40 % TRADITIONAL mix in total.

This program is not part of the Thrift Savings Plan.

If you contribute to your Thrift Savings Plan account, you will also receive Agency Matching Contributions as follows:

If you switch to FERS and can make contributions to your Thrift Savings Plan account, you will gain the portability of the Social Security and Thrift Savings Plan portions of FERS.

You may also get your Thrift Savings Plan account when you become disabled.

You can stop contributing to the Thrift Savings Plan at any time.

You also need to take advantage of the Thrift Savings Plan, especially if you are an upper income employee, for whom Social Security will make up a smaller percentage of retirement income.

See the FERS Thrift Savings Plan section for this information.

For example, you decide how much to contribute to the Thrift Savings Plan and where money is invested.

Benefits you receive from the Thrift Savings Plan are not included as income for the Social Security Earnings Test.

If you contribute to your Thrift Savings Plan account, you will also receive Agency Matchings Contributions as follows:

If you are unable to contribute to the Thrift Savings Plan, switching to FERS could be a mistake.

If you transfer all or any portion of your Thrift Savings Plan account balance to an Individual Retirement Arrangement or other eligible retirement plan, you do not pay taxes on the funds transferred when they are transferred.

However, in contrast with Thrift Savings Plan contributions, voluntary contributions are not pre-tax dollars that permit you to reduce your taxable income.

The Government Pension Offset does not affect any benefits you receive from your Thrift Savings Plan account.

Benefits you receive from the Thrift Savings Plan will not reduce your Social Security Benefits under the WEP.

In fact, this kind of Thrift Savings Plan account balance, when added to your FERS Basic Benefit and Social Security payments, can easily produce a FERS benefit that exceeds the CSRS benefit.

This book describes the elements of the Thrift Savings Plan that are most important in making a transfer decision.

The Thrift Savings Plan investment options, withdrawal and tax information are the same for both CSRS and FERS employees.

Two of the three parts of FERS (Social Security and the Thrift Savings Plan) are portable should you leave the Federal Government before retirement.

In addition, you can contribute up to 10 % of your basic pay per pay period to your Thrift Savings Plan account.

Twice each year there is a Thrift Savings Plan open season.

While you may not continue to contribute after you leave Government service, your Thrift Savings Plan account balance will continue to accumulate earnings based on your investment decisions.

FERS comes out ahead of CSRS if you retire late because the annuity value of your Social Security benefit and Thrift Savings Plan go up quickly if you continue to work past age 62.

The Social Security and Thrift Savings Plan parts of FERS are both portable.

FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan.

During the open season, you can start, stop, increase or decrease, and change the investment of your Thrift Savings Plan contributions.

The Thrift Savings Plan is managed by the Federal Retirement Thrift Investment Board, an independent Government agency.

Thrift Savings Plan payments are taxable as ordinary income for Federal income tax purposes for the year in which they are disbursed.

As for your Thrift Savings Plan account, you can transfer your funds (your contributions, Agency Matching contributions, and, if vested, the Agency Automatic (1 %) Contributions) to an Individual Retirement Arrangement (IRA) or other eligible retirement plan.

By default, every dollar in a workplace plan will get rolled into the Thrift Savings Plan into a target date fund according to the owner's date of birth.

Do you have a Thrift Savings Plan account?

As a CSRS employee you may participate in the Thrift Savings Plan.

Whether you are under CSRS or FERS, all Thrift Savings Plan contributions, including the Agency Automatic (1 %) and Matching Contributions, will be paid to your beneficiary (or beneficiaries).

Also, your contributions and attributable earnings, Agency Matching Contributions and attributable earnings, and if vested, the Agency Automatic (1 %) Contributions and attributable earnings, in your Thrift Savings Plan account can be transferred to an Individual Retirement Arrangement or other eligible retirement plan.

The FERS retirement package offers you a way to save extra money for the future and get a tax break today through the Thrift Savings Plan.

Solid facts about your pay system, retirement, life insurance, health insurance, survivor benefits, flexible spending account options, overtime pay, recruiting, retention and relocation incentives, annual leave and sick leave policies, holidays, long - term care insurance, the government's own 401k - styled Thrift Savings Plan program (including loans), job protections and appeals, and how procedures can help you when your agency is downsizing.

No doubt you know the importance of investing in the Thrift Savings Plan, your 401 (k)- style retirement savings program, but what exactly are you investing in and how?