Permanent weight loss takes time and effort â and a lifelong commitment. Make sure that you're ready to make permanent changes and that you do so for the right reasons. To stay committed to your weight loss, you need to be focused. It takes a lot of mental and physical energy to change your habits. So as you're planning new weight-loss-related lifestyle changes, make a plan to address other stresses in your life first, such as financial problems or relationship conflicts.
As a FERS employee, you can receive 2 types of agency contributions to your TSP account, which together can equal as much as 5 percent of your basic pay. Agency Automatic (1%) Contributions. When you become eligible, your agency automatically deposits into your TSP account an amount equal to 1% of your basic pay each pay period, even if you do not contribute your own money. After 3 years of Federal civilian service (or 2 years in some cases), you are vested in these contributions and their earnings.
If youâre a subscriber to FEDweekâs TSP Report, you have; it appeared in an article I recently wrote about contributing as much as you can to the TSP. That article had examples of how much a person would have at retirement using different scenarios. To refresh your memory, Iâve included those scenarios in the next few paragraphs. The assumptions are that we have three new hires that start out making $45,000 per year and receive annual raises of 1%. They work for the federal government for a period of 30 years. One of them contributes the default 3% of their salary; another contributes 5% and the third contributes 10%. They never increase their contribution rate. The growth of their account averages 5% per year (all of the TSPâs basic funds, save the I fund, have beaten that return since their inception). I used the TSP calculator How Much Will My Savings Grow to come up with the figures below. The employee who contributed 3% of their salary had $42,269.98 at the end of 10 years; $115,546.26 at the end of 20 years; and $239,790.53 at the end of 30 years.