The G Fund is incredibly unique. It is the one TSP fund that the government guarantees won’t lose money. But as many feds have found out, you are also guaranteed to not earn much either. But interestingly enough, this hasn’t always been the case. Back in the late 80’s and Read more…
I love the Roth TSP. It is an incredible wealth building tool. However, most feds that I talk to don’t use the Roth TSP at all. Before I dig into some of the reasons why this might be, let’s get some of the basics straight. https://youtu.be/Kd5fxCHl6hI The Basics The main Read more…
There are many things in life that sound similar but can be quite different. Take cement and concrete for example. Most people think they are the same thing but don’t say that to a guy that pours concrete all day. Or take jam and jelly. They sound similar but some Read more…
The TSP can be a powerful wealth accumulation tool, especially when used wisely. Here are the top three mistakes that Feds makes with their TSP. Not Starting Early When it comes to investing, time and compound interest are key. When those two things get together, the results can be incredible. Read more…
I talk with a lot of federal employees all over the world and most feds are wondering the same thing. They ask, “What is the best TSP allocation”? And because it would be impossible to talk to everyone personally, I thought I’d share the perfect allocation here. It is 30% Read more…
The TSP is a great retirement saving tool, but how does it stack up next to other plans in the private sector such as a 401(k)? Let’s dig into it. In January of 2020 the average TSP balance was $138,933 while the average 401(k) balance was $112,300. The market has Read more…
This is another question that I get all the time. Am I contributing enough to the TSP? Or said in other words, how much should I be putting in my TSP? But just like many other questions in life, there is no perfect answer. If there was, it would Read more…
This is a very common question that I hear all the time and I can see why. Many people, as they approach retirement, have paid off all their debt except for their mortgage. They have saved diligently in their TSP and they have a good sized nest egg. It seems Read more…
The TSP has served you well over a long career but now it is time to retire. My retiring clients often say things like “Is the TSP still the best option in this new stage of life? Some people talk about moving it to an IRA, but all I’ve known Read more…
A couple weeks ago I wrote an article about some of the big concerns that come with taking money out of your TSP to pay off your home. In response to that article, someone asked a great follow up question. They wondered,for those folks that might be a little younger Read more…
