Strategies for Growing Your TSP
The earlier you being saving, the more money you can have for retirement, however, you also need to consider tax implications.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
The earlier you being saving, the more money you can have for retirement, however, you also need to consider tax implications.
The author describes pros and cons for adding more diversification options to the TSP.
Here are a few bits of information for federal employees when it comes to their pay, benefits and retirement.
What should a federal employee’s surviving spouse do when s/he dies? This is a checklist for handling federal benefits.
Checking the wrong box on a TSP form led to withholding $25,000 in taxes and a financial hardship for a retired federal employee.
Can you lose money investing in bonds? The author describes the impact interest rate shifts can have on the TSP’s F Fund.
Which TSP fund has returned 18.53% so far in 2019? Which one has returned 19.48% in 2019?
How does the FERS pension work, and how much can it add to your overall retirement income?
The guarantee that comes with the G Fund may sound great, but it comes with a hidden retirement risk that many federal employees tend to overlook.