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Scott Thompson

For more than 20 years, Scott Thompson has written, published and developed hundreds of retirement resources for U.S. federal government employees. Scott is also the former CEO of Federal Employees News Digest (publishers of the Federal Employees Almanac) where he initiated and managed the development of the popular FederalSoup forum for federal employees.

TSP Provides Information on Operations During Coronavirus Situation

March 16, 2020 My Federal Retirement

The Thrift Savings Plan issued a bulletin Friday on its continued operations during the coronavirus situation. more…

Seniors Could Use Tax-Free Life Insurance Settlements To Pay Health Care Expenses Under Proposed Bill

March 12, 2020 My Federal Retirement

If passed, the legislation would allow seniors to roll over their life insurance sale proceeds, tax-free, into senior heath planning accounts more…

Social Security Issues Warning of Widespread Scam Texts

March 6, 2020 My Federal Retirement

Social Security

The texts warn about a Social Security number problem and ask the recipient to call a number back to resolve the problem and avoid legal action more…

TSP Urges Investors: ‘Stick With Your Plan’

February 27, 2020 My Federal Retirement

The Thrift Savings Plan sent a reminder to investors this week: “Try not to let short-term market movements steer you off course.” more…

TSP Annuity COLA Calculation to Change in March

February 26, 2020 My Federal Retirement

The Thrift Savings plan is changing the cost-of-living adjustment rate used to calculate the annual increase for annuities with an increasing payment option more…

TSP Hardship Withdrawal Options Would Expand Under Proposal

February 25, 2020 My Federal Retirement

The new rule would allow Thrift Savings Plan participants to take hardship withdrawals for expenses related to natural disasters more…

TSP Announces Scheduled Outage of Services and Instructions to Request Color Copy of 2019 Annual Statement

February 20, 2020 My Federal Retirement

Due to scheduled system maintenance, www.tsp.gov, the ThriftLine, and www.frtib.gov will be unavailable… more…

New Legislation Would Expand Paid Parental Leave to All Federal Employees

February 18, 2020 My Federal Retirement

If passed, the Federal Employee Parental Leave Technical Correction Act, to ensure more federal employees receive 12 weeks of paid leave for the birth, adoption, or fostering of a child more…

How Seniors and Retirees Can File Their Federal Taxes for Free

February 14, 2020 My Federal Retirement

Many seniors and retirees on fixed incomes can file their taxes for free.   Free File… more…

TSP Wants to Make Catch-up Contributions Easier for Participants

February 13, 2020 My Federal Retirement

The process will be simplified by eliminating a form more…

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