What Really Makes a TSP Millionaire
The coronavirus caused the number of TSP millionaires to drop, but as the author explains, you have to stay focused on your long-term goals.
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.
The coronavirus caused the number of TSP millionaires to drop, but as the author explains, you have to stay focused on your long-term goals.
These are four strategies you can use as the basis for developing a plan for generating income to use in retirement.
During a year of extremes, TSP investors have seen a return of more than 32% in the past five months in this leading TSP fund.
COVID-19 has had an impact on TSP actions and decisions by TSP investors.
Do you need life insurance in retirement? These are some important considerations.
Will you have enough money when you reach retirement? The author says the answer is different for everyone and provides some important planning tips to consider.
Distribution rules under the TSP can create an unanticipated expense for retirees making regular withdrawals if the stock market drops suddenly.
The TSP Modernization Act has made it much easier for federal employees to make withdrawals from their TSP accounts.
Volatility in the market can be stressful, but having a long-term plan for your retirement can make the inevitable swings more manageable.
Having a dream for what you want your retirement to be can help motivate you to plan far enough in advance to achieve it.