This Federal Employee Saved $200K With This Strategy
Proper tax planning can result in huge savings during retirement.
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.
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.
What impact is market timing likely to have on your investment returns?
How will a government shutdown impact accessing your TSP account? Here is information on how to access your account and the latest TSP returns for this month.
What are some ways for federal employees to reduce their taxes in retirement?
There are two key things federal employees need to understand to invest successfully in the TSP.
The Total Compensation Statement can help federal employees better understand their benefits.
It is important for federal employees to use the TSP effectively in retirement to ensure their savings will last.
TSP returns are up so far in 2023 while stock prices and TSP performance in August were down. Will investors make the G Fund their new favorite fund?