"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 ...

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 ...

You might be wondering when you can withdraw money from your IRA without incurring penalties or how you can avoid a hefty tax bill. Read on to learn about IRA withdrawal rules that you should be ...

Savers and retirees can use this strategy to reduce their exposure to the income related monthly adjustment amount (IRMAA) and benefit from tax-free withdrawals in retirement.

The Thrift Savings Plan (TSP) recently announced that account holders no longer need to wait 30 days between withdrawal requests: Another step in response to the TSP Modernization Act of 2017, which ...

The Thrift Savings Plan (TSP) has made it easier to withdraw your contributions. Effective Sept.15, 2019, the TSP changed many of its withdrawal rules and loosened the restrictions on when you can ...

BRS offers a combination of monthly retired pay for those who qualify, along with a Defense Department contribution to the service member’s Thrift Savings Plan.

Withdrawals from TSP are generally subject to income tax. If you make a withdrawal before age 59 ½ then you may also be subject to a 10% early withdrawal penalty.