One of the biggest financial decisions military and government retirees face is what to do with the funds in their Thrift Savings Plan (TSP). Participants in the TSP have multiple options when they leave government service. These options give you a lot of flexibility with your future and your decision should be based on many individual […]
Thrift Savings Plan - Military & Civil Service Retirement Plan - Archives
The Thrift Savings Plan is the government and military retirement plan, similar to a civilian 401k plan. This Thrift Savings Plan Guide provides a general overview of the Thrift Savings Plan, including how you can start your TSP account, the benefits of the TSP, pros and cons, how to diversify your investments, and much more.
Additional articles you may find helpful (or browse our archives):
- Thrift Savings Plan Basics & Why You Should Participate (Podcast 001).
- How to Manage Your Thrift Savings Plan Account.
- Thrift Savings Plan Contribution Limits & Rules – Deployed Contributions, Agency Match, & More.
- Thrift Savings Plan Lifecycle Funds – What You Need to Know About TSP Target Date Funds.
- Why the TSP Has Enough Diversification for Any Investor.
- What Should You Do with your TSP When You Leave the Service?.
- Thrift Savings Plan Rollover Guide – How to Transfer Your TSP into an IRA – with Instructions for Tax-Exempt Contributions.
Explore our archives for more advanced articles and case studies on managing your TSP account, rolling over your TSP into an IRA, or converting your Thrift Savings Plan into a Roth IRA.
The Thrift Savings Plan is a great investment opportunity for military service members and eligible civil service members working for the US government. The TSP offers the opportunity to save in a traditional or Roth retirement account. And while the TSP doesn’t offer too many investment options, it offers among the lowest cost investment funds […]
Managing your Thrift Savings Plan account seem like a simple task – after all, there are only a handful of funds within the TSP. So it should be fairly easy to set up your account, allocate your investments, and make sure things stay in balance with the rest of your investment portfolio, right? On the […]
The Thrift Savings Plan is one of the best tools military members have to prepare for retirement. Similar to a civilian 401k plan, the Thrift Savings Plan is an employer-sponsored retirement plan which allows participants to save money for retirement directly from their paycheck. The added benefit is the money you contribute isn’t taxed in […]
If you have left government or military service in recent years, then there is a good chance you still have a Thrift Savings Plan (TSP) account in your name. Personally, I’m a big fan of consolidating financial accounts to make financial planning and management easier to deal with. But the TSP is in a league […]
The Thrift Savings Plan is one of the best investment vehicles for military members because it is low cost, easy to use, and easy to understand. It is also one of the best ways for military members to invest while deployed. Why? Because of a feature that allows military members to contribute tax-exempt military income […]
The Thrift Savings Plan is similar to a 401k employer-sponsored retirement savings fund except it is used by the federal government. One of the benefits of employer-sponsored retirement plans is the ability to take advantage of tax benefits for retirement savings. The catch is once you make the contribution to the retirement account, you have […]
Good news for Thrift Savings Plan (TSP) participants – the Thrift Savings Plan officially began offering a Roth TSP option in 2012. The Roth Thrift Savings Plan option is similar to a Roth 401K. It is basically a merger of two of the popular retirement plans currently available; the Roth 401K, and the Thrift Savings […]
When I separated from the USAF in 2006, I was faced with a decision regarding my Thrift Savings Plan (TSP). Since I would no longer be a member of the armed forces, I could no longer contribute to the TSP. So what should I do? In the end I decided to leave the money in […]
If you’ve read my article about the advantages of investing in the TSP, then you know that I believe the TSP is a great way for many military members and government employees to invest for retirement. However, there are also several drawbacks to investing in the TSP. Disadvantages to Investing in the TSP I will throw […]