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World Savings – The Basics
from:Introduction
World Savings is one of the largest and most reputed financial companies in the United States. The organization recently became a part of Wachovia, which is the fourth-largest bank holding company in the United States; along with being a Fortune 500 Company being traded in the New York Stock Exchange.
World Savings and Wachovia had a major merger recently in order to be able to provide additional products and services to its customer base. As a part of the merger, all World Savings accounts have now been transferred to Wachovia and customers continue to enjoy the same services and benefits.
Provisions and Features
As a part of Wachovia, the World Savings unit offers a vast range of services and features ranging from retirement benefits to saving schemes and many more.
To begin with, the unit offers comprehensive retirement savings plans, where complete guidance is given and plans are offered to help you save for your retirement, at the same time, helping your money grow as well. The vast host of facilities offered include the likes of savings accounts, money market account, CDs and IRAs and lots more.
Moving on, to encourage and promote savings from a larger section of customers, the World Savings unit of Wachovia offers premium savings plan that offer attractive interest rates and allied schemes to attract investors. On the other hand, the likes of a high performance money market account lets you earn a competitive rate of interest, at the same allowing you complete and convenient access to your money, unlike the simple savings accounts offered by many of the banks.
In addition to all of the above, the World Savings unit also offers certificates of deposits, largely enhancing your portfolio. Such plans offer a guaranteed rate of interest along with the flexibility to choose a term that fits your investment needs. Another attractive facility offered by the unit is the Health Savings Account that lets the customers save without incurring any taxes, covering qualified medical expenses. However, such plans are only available if the customer participates in a high deductible health plan.
Some individuals even prefer to invest in the Individual Retirement Account CDs (CD IRAs) which offers predictable interest earnings, stable principal and knowing exactly what will be the earnings.
Apart from the above wide range of features, the World Savings unit of Wachovia also offers helpful tools such as a savings comparison chart and comprehensive set of pointers to help in deciding on the optimum saving plan for maximum benefit of the customers involved.
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Thrift Savings Accounts News
Proposal would put value of unused leave into Federal Thrift Savings Plan - Pensions & Investments
Proposal would put value of unused leave into Federal Thrift Savings Plan Pensions & Investments By Hazel Bradford Federal Thrift Savings Plan, Washington, could gain as much as $317 million over 10 years under a House proposal that would allow federal employees to invest the value of their unused annual leave into the $302 billion defined ... Bill would allow federal workers to invest annual leave in retirement savings How to plan for the Roth TSP option TSP releases rules for new Roth option |
Federal employees will gain Roth investment option this spring - Washington Post
Federal employees will gain Roth investment option this spring Washington Post Proposed rules set for publication on Wednesday lay the groundwork for a major change in the investment choices available to federal employees through the Thrift Savings Plan with the addition of a Roth alternative. The TSP is a 401(k)-style retirement ... |
Federal employees will gain Roth investment option this spring - Washington Post
Federal employees will gain Roth investment option this spring Washington Post Proposed rules set for publication on Wednesday lay the groundwork for a major change in the investment choices available to federal employees through the Thrift Savings Plan with the addition of a Roth alternative. The TSP is a 401(k)-style retirement ... TSP Roth option a step closer |
IPT Distributes Planning Guide For Military Families - Financial-Planning.com
IPT Distributes Planning Guide For Military Families Financial-Planning.com The guide highlights highly advantageous saving and investment programs available exclusively to military personnel, and at any rank. For instance, the US Government Thrift Savings Plan operates on a simple, low-cost model. It charges just $0.25 cents ... |
Thrift Savings Plan administrative expenses stay steady - GovExec.com
Thrift Savings Plan administrative expenses stay steady GovExec.com By Amanda Palleschi apalleschi@govexec.com January 23, 2012 Net administrative expenses charged to each participating federal employee's Thrift Savings Plan account were about 20 cents per $1000 of investment in 2011, roughly the same as the figure for ... Details coming soon on TSP's planned Roth fund |
Treasury's Thrift Savings Plan maneuver aims to keep government under debt cap - Washington Post
Treasury's Thrift Savings Plan maneuver aims to keep government under debt cap Washington Post The federal government resorted to a favorite accounting maneuver Tuesday to stay under its debt limit, suspending the issuance of securities in a retirement savings program for federal and postal employees. The Treasury Department announced the ... IRA nightmare |
TSP Roth Option a Step Closer - GovExec.com
TSP Roth Option a Step Closer GovExec.com By Kellie Lunney A new retirement savings option for federal employees is another step closer to reality. The Federal Retirement Thrift Investment Board published draft rules on the implementation of a Roth 401(k) option to the Thrift Savings Plan in ... Investment of leave payments considered |
Money Watch: Government retirement? Keep savings diversified - USA TODAY
 USA TODAY | Money Watch: Government retirement? Keep savings diversified USA TODAY Q: I am 61 and plan to retire within one year with a government Thrift Savings Plan (TSP) and a Federal Employees Retirement System (FERS). How should it be invested? A: As a federal employee covered under FERS you will have three components to your ... |