Author: Federal Digest Staff
The Rising Costs of FEGLI: Is It Worth the Premiums?
Established in 1954, the Federal Employees’ Group Life Insurance (FEGLI) program is the largest group life insurance plan in the world, covering ...Maximizing Your Retirement Withdrawals
Creating a thoughtful withdrawal strategy is a crucial part of retirement planning. The sequence in which you tap into your accounts can ...Understanding Required Minimum Distributions (RMDs)
When you contribute to tax-advantaged retirement accounts like your TSP, those contributions are typically made pre-tax, meaning they haven’t been taxed yet. ...Key Decisions to Consider for Your Retirement Application
When applying for retirement as a federal employee, you’ll face several important choices that can impact your financial future and your spouse’s ...Deciding When to Retire: Age 60 vs. Age 62
Choosing the right time to retire from federal service is a significant decision that can shape your financial future. For those nearing ...Why Emergency Savings Matter for Retirement Planning
A recent analysis sheds light on the pivotal role that emergency funds play in safeguarding retirement goals. Without an adequate financial cushion ...The Rise in Retirement Account Withdrawals
Recent studies and reports reveal a significant rise in withdrawals and loans from retirement accounts like 401(k)s and Thrift Savings Plans (TSP), ...Pros and Cons of Rolling a TSP into an IRA
Rolling your TSP into an IRA has its pros and cons, which can affect your retirement strategy. Here’s a breakdown of the ...Enrollment Begins In The New PSHB Program
The Postal Service Reform Act, enacted on April 6, 2022, directed the Office of Personnel Management (OPM) to create a health insurance ...In-Service TSP Withdrawal Or TSP Loan?
Despite our best efforts, we sometimes find ourselves in a position where we need a bit of extra cash to help cover ...
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