Becoming a TSP Millionaire is Simple, But It’s Not Easy
Understanding how to become a TSP millionaire is easy, but having the discipline to do it is difficult.
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.
Understanding how to become a TSP millionaire is easy, but having the discipline to do it is difficult.
The author outlines 8 common TSP mistakes he often sees which can be detrimental to federal employees’ retirement savings.
Large tech companies have been surging in 2024. This surge has benefited the C Fund, the TSP’s most popular fund.
All TSP Funds are up in 2024 with the largest Fund up 15%. A new TSP Fund is scheduled to be launched in July.
Required minimum distributions can act as an annuity of sorts. Could they ever deplete your retirement account?
A federal employee asks if it is possible to retire at age 57 given his financial situation.
Without proper planning, a large TSP withdrawal can dramatically increase your tax bill.
What is “pensionizing” and could it help to increase your retirement income?
These are the options federal employees have for taking money out of the TSP after retirement.
These are 11 common misconceptions federal employees often have about the TSP.