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Roth TSP is NOT a Roth IRA!
Do you know the difference between a Roth IRA and the Roth TSP option? Because if you don't, it could cost you thousands of dollars in taxes and in future income when you retire, Senior Correspondent Mike Causey says.
Tags: Mike Causey , Federal Report , pay and benefits , benefits , retirement , Roth TSP , Greg Long , Kim Weaver , workforce
Bill automatically increases feds' TSP contributions
Sen. Daniel Akaka (D-Hawaii) introduced legislation Monday that would automatically increase new federal employees' contribution rate to their federal 401(k) style Thrift Savings Plan. the "Save More Tomorrow Act," would automatically escalate the contribution annually by 1 percent for the two years following enrollment. That gradually raises the contribution rate to 5 percent, making employees eligible for matching contributions from their agencies.
Tags: Daniel Akaka , Brigitte Madrian , Pension Protection Act , Shlomo Benartzi , Richard Thaler , Save More Tomorrow Act
The ABC's of the TSP
Hosts Bob Leins and John Elloitt discuss the Roth TSP and whether the plan is right for you.
May 7, 2012
Tags: pay and benefits , Roth TSP , Bob Leins , NITP , Kim Weaver , Greg Long
5 things feds should know about Roth TSP
The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.
Tags: Roth TSP , Kim Weaver , Bob Leins , pay and benefits , retirement , Ed Zurndorfer , Tammy Flanagan , Jack Moore
TSP returns stall in April
Thrift Savings Plan figures, which had been in an upward climb, appear to have stalled in April, with seven of the 10 funds finishing in the red last month
Tags: pay and benefits , retirement , workforce
Feds satisfied with TSP, survey finds
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
Tags: retirement , Federal Retirement Thrift Investment Board , Jolie Lee
Provision to transfer leave to TSP one step closer to law
Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
Tags: pay and benefits , Ed Zurndorfer , retirement , annual leave , Federal Drive
How to know if you'll be happy in retirement
Career coach Mike Townshend talks about what feds should think about as they plan for their retirement.
April 23, 2012
Tags: pay and benefits , federal retirement , Mike Townshend , Carpe Diem Coaching Inc , For Your Benefit , Bob Leins , John Elliott
House to vote on partial retirement for feds
In a rare bipartisan move, the House oversight committee voted to bring a bill allowing phased retirements of federal employees to the floor for a general vote.
Tags: pay and benefits , retirement , Congress , House , Darrell Issa , NTEU , Federal Drive , Gillian Brockell
The TSP program and the new federal employee
Economist Dave Redden joins host John Elliot to talk about investment options for federal employees.
April 16, 2012
Tags: pay and benefits , retirement , Roth TSP , Social Security , social security tax cut , Dave Redden , Bob Leins , John Elliott , For Your Benefit
