23% Increase in TSP Millionaires So Far in 2023
Despite the recent declines in the stock market, the number of TSP millionaires has risen sharply in 2023.
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.
Despite the recent declines in the stock market, the number of TSP millionaires has risen sharply in 2023.
The IRS has announced the 2024 annual contribution limits for the TSP and IRAs.
The stock market is down for the 3rd month in a row. Federal employees must look at the bigger picture to see the best TSP performance in 2023.
The Secure Act 2.0 required changes for catch-up contributions to the TSP for some participants. These changes have been delayed until 2026.
TSP investors will now be able to track the status of a TSP loan online. Legislation has been introduced to add non-federal employees into FERS and TSP.
Should federal employees pay off their mortgages early? These are some considerations.
These are 5 important questions federal employees need to consider in their retirement planning.
Proper tax planning can result in huge savings during retirement.
Because future tax rates are likely to increase, now may be a good time to consider Roth accounts and Roth conversions.
Third quarter TSP performance in 2023 was disappointing, however, TSP returns are still generally very good for the year and for the past 12 months.