Federal retirement expert, Chris Kowalik, discusses the new guidance just released by the Thrift Savings Plan (TSP) with respect to the withdrawals and the loan options for participants affected by COVID-19. Is taking money out of your TSP account under these rules advantageous for you? Or, are there some hang-ups that you haven't considered? Chris will cover these four … [Read more...] about New TSP Withdrawal and Loan Options from CARES Act
4 Tips for Dealing with Financial Stress During Uncertain Times
Money and finances can cause anxiety for many of us, even in the best of circumstances. And in these unprecedented times, your financial stress is most likely at an all-time high. To help you navigate the current climate, I have four tips to share with you on how to deal with monetary worries and protect your financial health in the long run. 1. Have an Emergency … [Read more...] about 4 Tips for Dealing with Financial Stress During Uncertain Times
Top 5 Things to Know About Your TSP During a Market Downturn
There’s been widespread panic over the coronavirus. Whether it’s people wearing face masks or buying hand sanitizer and water in bulk, there’s growing concern throughout the country as the number of cases in the U.S. increases. There’s also panic on Wall Street. The stock market is falling fast. Many Thrift Savings Plan (TSP) investors have seen their accounts dwindle in … [Read more...] about Top 5 Things to Know About Your TSP During a Market Downturn
Volatile Market: The TSP and the Coronavirus
Federal retirement expert Chris Kowalik discusses the financial impact the coronavirus (COVID-19) is having on federal employees who are investors in the Thrift Savings Plan (TSP). The three main questions she addresses are: Is there a reason to panic? Should I rebalance my TSP because of this market downturn? Are there any weaknesses exposed in the TSP when we … [Read more...] about Volatile Market: The TSP and the Coronavirus
4 Myths About Taxes in Retirement
When you’re planning for retirement, you want to make certain that your money lasts as long as possible (preferably as long as you do!). What’s one of the things that can derail an otherwise great retirement plan? Taxes. Taxes can potentially wreak havoc on your retirement since you have to pay for them somehow—and if you’re not accounting for them, you may be forced to use … [Read more...] about 4 Myths About Taxes in Retirement