USPS: TSP contribution cap to rise next year

December 14, 2023 The Internal Revenue Service recently announced the 2024 contribution limits for the Thrift Savings Plan, or TSP. Postal Service employees can contribute up to $23,000 in 2024, an increase of $500 from this year. Employees over the age of 50 can take advantage of the TSP catch-up option if they wish and…

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Retirement 101: The basics every carrier should know (but probably doesn’t)

It’s no secret that most Americans are financially unprepared to retire, but the degree to which they are unprepared is frightening. A 2013 study by the National Institute on Retirement Security says that only 10 percent of Americans have saved enough in a 401(k) plan, pension or individual retirement account to put them on track…

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Alliance for Retired Americans Friday Alert – April 17, 2015

In this issue: Prescription Drug Costs May Increase Under Trans-Pacific Partnership GOP Presidential Candidates Discuss Slashing Social Security, Medicare if Elected Department of Labor Releases Proposal to Protect Retirement Savings Senate Passes Medicare Sustainable Growth Rate (SGR) Replacement U.S. Spending on Prescription Drugs Reaches an All-Time High Medicare Turns 50: LBJ’s Vision

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ARA Friday Alert: This Labor Day, Let’s Raise America’s Pay – It Will Help with Retirement Savings

August 29, 2014 The Economic Policy Institute (EPI) addresses extremely slow wage growth just in time for Labor Day. Available at http://tinyurl.com/l4duxgm, EPI’s paper shows that wages for most Americans were flat or fell in the first half of 2014, compared to this time last year. The study’s author, Elise Gould, says that wages even…

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