Our Thoughts & Insight - FERS
The TSP’s Hidden Flaw: How Withdrawal Rules Could Cost Federal Retirees Thousands
The Thrift Savings Plan (TSP) is pretty amazing in many ways. It’s low cost, easy to use, and offers matching contributions*—all of which make it a standout retirement savings option for federal employees. These features make it simple for participants to build a solid nest egg and retire comfortably.
But (and there’s always a “but,” right?) While the TSP shines when it comes to growing your money, it really drops the ball for retirees who are taking money out. It’s a bit like having the best tools to build a house, but no plan for how to maintain it once it’s done.
The Road to being a TSP Millionaire: Staying Calm
The Road to being a TSP Millionaire: Staying Calm The news has come out recently that number of TSP Millionaires just reached a record high! As of December of 2023, a total of 116,827 people had reached that magical threshold. You might be wondering, how in the world...
Turning your Pile into a Paycheck. How should you invest your TSP after retirement?
Turning your pile into a paycheck. How should you invest your TSP after retirement? (Introducing a new series on Retirement Distribution Investing) When you retire from the Federal government you have a big decision to make, one as important as the decision to retire...