However, by starting to put away as much money per year into your TSP as early as you can is going to significantly help you when you are looking to retire. Life situations change. This year might not be the year for you to start investing heavily because of car payments, but maybe ...
Another great deployment TSP contribution benefit is the ability to exceed the $22,500 annual contribution limit. If you max out your Roth TSP, your additional contributions will go into your traditional TSP account. The IRS will classify these traditional contributions astax-exempt contributions. Th...
The Thrift Savings Plan (TSP) is an investment and retirement plan available to federal employees, the Ready Reserve and military personnel. The TSP is a contribution plan, which means that the amount of funds available in the account depends highly on t
Understanding the Thrift Savings Plan (TSP) automatic enrollment process is crucial for maximizing your retirement savings, as it ensures a steady contribution to your TSP account from the start of your military career, leading to significant long-term g
Make sure you’re getting enough protein. For general health purposes, I recommend consuming about 0.45-0.55 grams of protein per day, for each pound that you weigh. However, many people, including older and more active individuals, may need higher amounts. Increasing your protein intake to 1...
AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy. Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys ...
sometimes called duration risk. This is the risk that your bond (whether owned directly or via a fund) loses value when interest rates go up. Since an investor could now buy a bond that is similar to yours but pays a higher interest rate, why would they pay the same amount for your ...
When to Change Your Portfolio's Asset Allocation You occasionally may come up with a good reason to change your asset allocation. This should occur rarely, and when I say that, I'm not talking every week or two. I'm talking once a decade or so. Remember, this is a strategic asset al...
Because the TSP does not function as a pension like the basic benefit plan and Social Security, your earnings after 30 years would be based on the funds you choose, the amount of money you contribute above the amount your employer deposits, and market conditions that ...
Starting in 2025, a higher catch-up contribution limit is available to workers aged 60, 61, 62, and 63. This amount is $11,250. Employees who are new to federal employment can roll over 401(k) andindividual retirement account (IRA)assets into a TSP. Rollovers can also go in theopposi...