Another common mistake postal workers make while in service and preparing for retirement is not maxing out your TSP contributions each year especially FERS employees who take advantage of the 5% match provided by the government.
San Diego, CA (PRWEB) July 05, 2013
FederalRetirementExperts.com was launched as a resource for every federal employee to help them understand their federal benefits options both while in service and in retirement. FederalRetirementExperts.com released a post this week titled “Costly Postal Retirement Mistakes” to teach U.S. Postal employees on what benefits they will qualify for in retirement so postal employees can better plan their retirement income strategies and avoid common pitfalls.
“Another common mistake postal workers make while in service and preparing for retirement is not maxing out TSP contributions each year especially FERS employees who take advantage of the five percent match provided by the government. The current maximum allowed by the IRS to be contributed to the TSP under the standard deferral limit is $17,500; the majority of postal employees do not maximize this benefit and it will cost them dearly in retirement,” stated by Matthew Loughran, from http://www.FederalRetirementExperts.com.
Feel free to read the rest of this article titled “Costly Postal Retirement Mistakes” for more information as well as contact a federal retirement advisor for questions on strategies to save money on FEGLI Option B and winning strategies with your TSP by visiting http://www.federalretirementexperts.com.
FederalRetirementExperts.com exists as a free service for all federal employees to better understand their benefits options both while in service and in retirement. OPM is not trained or licensed to provide advice when it comes to the private sector. Find free information and expert advice at http://www.federalretirementexperts.com.