TSP, the Thrift Savings Plan, is a retirement investment program offered to federal employees and members of the United States military including members of the Ready Reserve. TSP is what financial planners describe as a defined-contribution plan. Some feel the features of TSP resemble a private-sector 401(k) retirement plan. Employees may be eligible for employer contributions, and many of the plan's investment options allow you to diversify … [Read more...]
Retirement is the word of the day
As many people know, the big issue with government employment right now is the high number of people who are nearing retirement age. Which should be great for youngsters like me, just getting into government service. Lots of room for growth. And for the most part, that is true, though a lot of the potential retirees have decided to hang on for a few more years thanks to the state of the economy and the shrinking of their retirement accounts. … [Read more...]