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SPONSORED LINKS: Revolutionary Trading Platform Top Currency Trading Platform The TSP is a retirement savings plan for civilians who are employed by the United States Government and members of the uniformed services. The Federal Retirement Thrift Investment ... http://www.tsp.gov/U.S. Office of Personnel Management ... U.S. Office of Personnel Management - Recruiting, Retaining and Honoring a World-Class Workforce to Serve the American People http://www.opm.gov/retire/These frequently asked questions and answers are provided for general information only and should not be cited as any type of legal authority. http://www.irs.gov/govt/fslg/article/0,,id=112713,00.htmlRetirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the ... http://en.wikipedia.org/wiki/Retirement_planWe have a proud tradition of innovation in the government retirement plans and financial services industry as evidenced by a number of ?firsts.? http://www.ing-usa.com/us/businesses/retirementplans/government/index.htmRetirement Plan Contributions and Distributions; 401(a) Profit Sharing Retirement Savings Plan; 401(k) Qualified Cash or Deferred Arrangement Plan - CODA http://www.mass.gov/?pageID=dorterminal&L=6&L0=Home&L1=Individuals+and+Families&L2=Personal+Income+Tax&L3=Current+Year+Tax+Information&L4=Guide+to+Personal+Income+Tax&L5=Massachusetts+Income&sid=Ador&b=terminalcontent&f=dor_help_guides_abate_amend_personal_issues_non_govpensions&csid=AdorRetirement Plans, Benefits and Savings ? Labor Department; Retirement Savings Education ... If you have questions about the federal government: Check our frequently asked ... http://www.usa.gov/Topics/Seniors/Retirement.shtmlCSRS Retirement. The Civil Service Retirement Act, which became effective on ... may also contribute a portion of pay to the Thrift Savings Plan (TSP). There is no Government ... http://www.opm.gov/retire/pre/csrs/index.aspState Government Subsidies for Retirement Plans Sponsored by Local Governments http://www.ncsl.org/?tabid=19599U.S. Department of Labor Correction Programs. The Employee Benefits Security Administration (EBSA) office of the Department of Labor protects the integrity of retirement, health and ... http://www.irs.gov/retirement/article/0,,id=112853,00.htmlDon't Second Guess Your Retirement Years - You Must Set Goals for Your Retirement!
When you start planning for your retirement, the first thing
you'll need to do is think about how you will be spending your time once you
are retired. Will you spend most of your time golfing, quilting or driving
around the country in your RV? Will you take a lot of trips? Where will you
go? How much will you need to save to pay for all of the things you want to
do?
When you are retired, you will have time to travel wherever you want to go. You will be able to take up hobbies that you never had time for. Think about what you would enjoy doing when you are beginning to save so that you will have an idea of how much you will need. It costs a lot more to travel all over the world than to sit at the side of a pond fishing all day. Another aspect of retirement planning that many people neglect is planning for a healthy retirement. If you are healthy, you will get a lot more enjoyment out of your retirement years. By eating well and exercising regularly, you can keep your body in good shape so that you won't have to limit your activities for health reasons once you reach retirement age. You should also think about who you will spend time with once you retire. If all of your friends are at work, retirement can be pretty lonely. Try to make friends with people who will still be around when you are no longer working, such as neighbors, club members and people from your church. Then, of course, there is the financial planning. Start by checking to see where you are. Check your social security statement (they send one every year) to see how much you can expect to receive once you retire. Do you have any retirement savings already? How much more will you need to save? How many years do you have left to save? Once you have determined how much you need to save, you'll have to figure out how to do it. Talk to a financial planner to get an idea of the kind of return you can expect to get for your investments and to find out how much you will have to set aside each month to reach your goals. Then find a way to fit that amount into your budget and do it.
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