Is investing all your retirement money in the G fund a good idea? When and how much can I withdraw from the TSP and not run out of money in retirement? Should I put all my TSP money in a TSP annuity? In this article, we will Read more…
The TSP can be a great tool for retired federal employees. But, if not used in the right way, you can quickly lose everything you’ve worked so hard for. In this article we are going to look at a few ways federal employees can lose money very quickly in the Read more…
Your TSP Account is Generally Protected under the Qualified Account Under the Employee Retirement Income Security Act (ERISA) The good news is that your TSP account is a qualified account under the ERISA. This provides protection to your TSP account in the cases of lawsuits and bankruptcy. The funds in Read more…
The TSP is an incredible wealth building machine! If managed well, the TSP can double its value many times over. Here are 3 strategies to double your TSP as many times as possible. Tip #1: Investing in the Right Funds There are 5 basic TSP funds: G, Read more…
Benefits of Retiring as a Federal Employee One of the benefits of a career with the federal government is that you are covered under the Federal Employees Retirement System (FERS). FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Read more…
Switching from Accumulation to Withdrawal During most of your working career you will be adding money to your Thrift Savings Plan (TSP) account in hopes that you can accumulate enough funds to adequately supplement your retirement income when that time comes. When retirement does arrive, you can finally start withdrawing Read more…
The TSP is a retirement plan for federal employees. It has limited investment options, but its simplicity and low cost structure makes it a powerful part of a federal government retirement plan. Besides the TSP, federal employees can receive other benefits during retirement including a FERS supplement, pension, social security, Read more…
What are the Tax Differences Between Traditional and ROTH TSP Accounts? One of the differences between a Traditional TSP account and a ROTH TSP account is in the taxation of contributions and withdrawals. For a ROTH account, you have to pay taxes on your contributions but the account can grow Read more…
If you’ve watched my stuff for any amount of time then you’ll know that I love the Roth TSP! Getting TAX-FREE growth is amazing and I recommend it all the time. But I have to be honest, it doesn’t make sense for everyone. There are 3 specific circumstances where Read more…
Is it time to part ways with your TSP (Thrift Savings Plan)? It has been a great place to save/grow your money during your career but are there greener pastures in retirement? Here are the most important factors to consider when deciding whether to stay with the TSP Read more…
