"In the area of reducing benefits, Social Security has always been a system that's been kind of tilted towards the lower wage earner" said Tammy Flanagan ...

Before touching your Thrift Savings Plan funds, make sure you understand the rules—and the risks—you might not have planned for.

With so many currently heading for the exit, it’s a good time for federal employees to improve their understanding of the ...

When he becomes a GS-13 I can contribute less to his expenses. This allows him to contribute fully to his Thrift Savings Plan with Roth contributions. We have saved $6.5 million in 401 (k), IRAs and ...

I am contemplating retiring at the end of the year. I'm married and will receive two monthly pension payments; $3,600 from military service and $1,500 from civil service. Our total projected monthly ...

For tax year 2025, employees can defer $23,500 into their 401 (k), a modest increase from the $23,000 contribution limit in 2024. The limit on annual contributions to an IRA, however, remains what ...

Not all money in a Roth Thrift Savings Plan account is automatically tax-free, and there are several things to consider ...

By strategically combining taxable and Roth withdrawals, you can prevent Medicare’s Income-Related Monthly Adjustment Amount (IRMAA) surcharges — we’ll discuss in more detail below.

RRIF withdrawal rates Starting in the year after conversion to a RRIF, you must begin to take minimum withdrawals from the account.

A new savings account for children that comes with a $1,000 deposit remained in the Senate’s version of President Trump’s budget bill.