The TSP is one of the lowest-cost providers of index mutual funds for the military and federal civil service employees. But when you retire from the federal
The Problem
Most of the public school districts in Texas have TRS as their pension but do not pay into Social Security. So these teachers will get no benefit
Educators and administrators enrolled in the Teachers Retirement System (TRS) of Texas have an option of the Partial Lump Sum Option (PLSO) upon separation from
Types of Retirement Plans
There are two general types of retirement plans at your workplace. These are defined benefit pension plans and defined contribution
A weighty decision for both uniform and civilian members is whether you should do Roth or Traditional Thrift Savings Plan (TSP). This blog post discusses how to
What are the different options to withdraw your money from the TSP when you separate from federal service in retirement? I will discuss the three main options
Working as a college professor and financial planner myself, I have first-hand experience in how to navigate and maximize retirement benefits in this setting
The most common way for public service workers to save for retirement is their pension and/or 401(k) type plan, such as a Thrift Savings Plan (TSP) for federal
In Texas, various pensions are offered, from ERS, which covers state government employees, to TRS, which covers educators. These pension systems are generally
