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, ...

Thrift Savings Plan participants and spousal beneficiaries can shift money from traditional, pre-tax TSP balances to Roth ...

Starting January 1, 2026, Federal employees and retirees will be able to convert money from their traditional Thrift Savings ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

Both Roth thrift savings plans (TSPs) and Roth individual retirement accounts (IRAs) can offer significant tax advantages and the potential for tax-free growth, but they cater to different needs and ...

One of the biggest advantages of a federal career is access to powerful retirement benefits. But many employees don’t realize the hidden strategies within the Thrift Savings Plan (TSP), Federal ...

I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is putting me in a higher tax bracket and I must pay a large amount of ...

As early retirement incentives and agency budget shifts continue across federal departments in 2025, Independence Benefits has announced expanded support for federal employees evaluating complex ...

WASHINGTON — Following the federal government shutdown Tuesday night, Virginia Sen. Tim Kaine (D) has introduced a bill to support federal workers impacted financially. The Emergency Relief for ...

So, you’re filing taxes after your first year of retirement, feeling good about your anticipated refund. Now that you’ve switched from your salary to a pension, you must be paying significantly less ...