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Monthly Archives: October 2023

Less Than Three Months Left in 2023 for TSP and IRA Planning

10/18/2023
Some year-end tips for the thrift savings plan and individual retirement accounts. As in most years, the year 2023 has flown by. We are in the last quarter of 2023 and the end of 2023 will soon be upon us. ... Read More

2024 COLA Announced for FERS: 2.2%, 3.2% for CSRS and Social Security

10/17/2023
The 3.2% Cost-of-Living Adjustment (COLA) will apply to CSRS and Social Security. FERS annuitants will see a 2.2% adjustment. A little higher than the 3.0% predicted at the end of August, the Social Security Administration recently announced next year’s COLA ... Read More

The Fed15 Podcast: Should You Worry About Recent TSP Returns?

10/17/2023
At Serving Those Who Serve, we like to nerd out about all sorts of things, but mostly federal benefits. This week, Dan and Katelyn go over the shutdown, pay cliffs, and recent TSP volatility. The Fed15 Podcast (Ep. 18): Should ... Read More

TSP Board Looking to Bolster Annuity Options

10/16/2023
Recent board meeting indicates possible changes on the horizon for the Thrift Savings Plan’s (TSP) least popular withdrawal option. In a recent FRTIB (Federal Retirement Thrift Investment Board) meeting, the Director of the Office of Participant Experience expressed interest in ... Read More

Congress Unable to Pass Budget Bills Without Speaker

10/16/2023
News round-up from Congress and OPM: reminder about telework, House representative proposes rule that would jail feds for disclosing security clearances, and will the lack of a speaker result in a shutdown? This week’s look at recent news affecting feds: ... Read More

Roth TSP Benefits

10/13/2023
Learn why the Roth TSP can be a great choice for younger feds. Traditional qualified retirement plans (including the traditional Thrift Savings Plan or TSP) were built and established in the 1980s on a simple idea. An employee sets aside ... Read More

FedLife Podcast: Federal Long-Term Care Insurance Program Premium Increase

10/12/2023
Enrolled in federal long-term care insurance? You probably have to make an important decision before November 9th. In this special episode, Dan and Ed are digesting the most recent premium increase for FLTCIP policies. LONG TERM CARE WEBINAR FedLife Podcast, ... Read More

2024 Federal Pay Raise Update: Still Looking Like 5.2%? + Locality Changes

10/12/2023
Will the shutdown showdown have any impact on next year’s pay raise? Also, OPM recent announcement about locality adjustments. For a while there, next year’s annual pay raise for federal employees appeared pretty set at 5.2% – that was the ... Read More

How can I Better Prepare for Retirement? – Health Savings Accounts 101

10/11/2023
STWS Advisor Jennifer Meyer explores how HSAs can help you save smarter for retirement Jennifer Meyer, CFP®, ChFEBC℠, AIF® We are often asked “what else can I be doing to prepare for my retirement?” While maximizing retirement (TSP) savings and ... Read More

NASA Sending Data to Moon and CURE Act Moves to House Floor

10/10/2023
News wrap-up from around the federal landscape: NASA is going to test storing data on the lunar surface, marijuana bill is approved by House committee, and $28,000 stolen from Army vet. With the government shutdown “can” proverbially “kicked” down the ... Read More