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Search Tags: FRTIB
After a two-month delay, all civilian employees at the Defense Department, as well as several other agencies, can now contribute to the recently rolled-out Roth option for their Thrift Savings Plans.
For the second month in a row, performance in all 10 of the Thrift Savings Plan funds posted positive returns, with double-digit gains in many of the funds year-to-date.
Returns for the Thrift Savings Plan continued their steady upward climb last month, with all funds posting in positive territory for the month of August, according to new data from the Federal Retirement Thrift Investment Board.
Kim Weaver, director of the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose feds will soon be able to access videos online explaining some of the more complicated aspects of their Thrift Savings Plan accounts.
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources.
For people worried about their TSP accounts being hacked, no news is good news. If you didn't get a letter, it means you are one of the 97 percent whose data is safe. For more facts about the hack job, check out Senior Correspondent Mike Causey's column.
The cover up, as they say, is almost always worse than the crime itself. The rule of thumb, from the Watergate era, is follow the money, although people rarely do that. Following the money can be tricky. Also complicated. Especially in the computer age with multi- national players, Senior Correspondent Mike Causey says.
The Roth option for the Thrift Savings Plan, which was announced earlier this week, will be delayed for employees in the Defense Department and other agencies. Originally set for a May 7 launch, members of the military may have to wait as late as October to choose the option.
Tom Trabucco, the director of external affairs at the Federal Retirement Thrift Investment Board, which oversees federal employees' TSP accounts, joined In Depth with Francis Rose to discuss some TSP tips for retiring feds.
Tom Trabucco, the director of external affairs at the Federal Retirement Thrift Investment Board, which oversees the TSP, joined In Depth with Francis Rose to discuss the timeline for tax season feds need to know.