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As you get closer to the time when federal employees start thinking about retirement, there can often be apprehension about whether or not you are ready. This article will attempt to give you a clear understanding of the financial impacts of your decisions, so you can be informed and comfortable with what you decide.
The author says that the TSP can be affected by the investment allocation decisions an individual makes and says there are several factors that should be considered before deciding on an allocation strategy.
The Thrift Savings Program (TSP) is the primary retirement savings method for federal employees, and the benefits are well known. The author says that making withdrawals from your TSP account can be complicated and offers some considerations when deciding to make withdrawals.
There are many things to consider when determining an appropriate asset allocation for your TSP. The author discusses a 3-tier investment strategy that is designed to spread risk out over varying lengths of time.
Jason is a federal benefit advisor with Brook Federal Advisors, and works with federal employees to optimize their retirement benefits. He can provide recommendations on FERS or CSRS annuities, survivor benefits, military/LEO service, FEHB, FEGLI, TSP, IRAs, annuities, and social security. He can be reached at 262-456-5514, www.brookfed.com, or through the contact form below.