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, ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

Active-duty and federal employee veterans have until Dec. 31 to contribute to their Thrift Savings Plan for 2025. The annual limit is $23,500, with an extra $7,500 catch-up for those 50 and older; or ...

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 ...

Here, I answer more of your questions from my inbox. Q. I am 63 yrs. old and will retire in two years (65 years old) or earlier, does it make sense for me to invest only in the G Fund now vs. L 2025 ...

WASHINGTON — Following the federal government shutdown Tuesday night, Virginia Sen. Tim Kaine (D) has introduced a bill to support federal workers impacted financially. The Emergency Relief for ...

If you try to withdraw early from just about any retirement plan, you'll be slapped with a penalty—an incentive to leave your money alone and let it build toward retirement like you always intended.