A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

When you retire under the Federal Employee’s Retirement System (FERS), you may need all three parts of FERS to fully retire. FERS was designed as a three-part retirement system which includes the FERS ...

WASHINGTON, D.C. - U.S. Senators Rob Portman (R-OH) and Tom Carper (D-RI) introduced legislation today to strengthen Thrift Savings Plan (TSP) retirement accounts by modernizing the overly restrictive ...

A thrift savings plan (TSP) is a retirement savings program specifically designed for federal employees and members of the military. TSPs are considered qualified retirement plans, and this status ...

A TSP participant is not allowed to take a partial withdrawal once separated from federal service if he or she took an in-service age-based withdrawal. Finally, if a separated employee elects to ...

Federal employees receive a retirement benefit package that includes a pension, a tax-advantaged savings plan and Social Security. But many do not fully understand how these benefits work, and that ...

Starting in 2026, the Thrift Savings Plan will allow Roth in-plan conversions, raise catch-up contribution limits, and require high earners to make Roth-only catch-up contributions. Updated RMD rules ...