Skip to main content

Guide for Nurses: Getting Started with TSP (Thrift Savings Plan)


For the nurses that work for the federal government, here's what you need to know about the Thrift Savings Plan. I'm going to cover what the TSP is and some key components of it. Some links mentioned below are affiliate links. 🏫 Look for Nursing Programs: 🔍 Look For Jobs: ❓Ask a Question: Start Investing and Saving ➔ Get the Acorn App: ➔ Get M1 Finance: ➔ Find a Financial Planner: ➔ Open a Savings Account: Resources For New Nurses ➔ Learn How to Chart: ➔ New Nurse Academy: ➔ Find Advisers: Resources For Nursing Students ➔ Find a tutor for Nursing School: ➔ Nursing Student Academy (Get help on tough topics in nursing school): ➔ NCLEX Prep: Resources For Pre-Nursing Students ➔ Pre Nursing Student Academy: Timestamps: 00:00 TSP (Thrift Savings Plan) Beginner's Guide For Nurses 01:43 Find A Financial Adviser 03:23 What is the TSP? 05:48 TSP Tax Implications 06:06 Roth TSP (after-tax) vs Traditional TSP (pretax) 08:15 Your TSP Investment Options 11:10 Do You Have a Limit on the TSP? #nurse #nursecareer #rn #lpn #registerednurse #nursing #financialplanning #tsp #thriftsavingsplan #moneyadvice Disclaimer: As always, all views are MY OWN. Opinions expressed within my videos or website/s do not represent the views of my employers, or any institutions, and/or organizations. Please also note NO professional advice (legal, financial, career, otherwise) is being given....(read more)


LEARN MORE ABOUT: Thrift Savings Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Nurses, like most working people, need to plan for their retirement. One of the best ways for nurses to do so is by enrolling in the Thrift Savings Plan, or TSP. TSP is a retirement savings plan for federal employees, including nurses who work for the federal government. Here is a beginner's guide to the TSP for nurses. What is TSP? TSP is a retirement savings plan offered by the federal government to its employees, including nurses. It is similar to a 401k plan offered by many private employers. The TSP allows participants to invest money for retirement on a tax-deferred basis. The money contributed to the TSP is invested in a range of funds, such as stocks, bonds, and government securities. How does TSP work? Nurses who participate in TSP can choose a percentage of their pay to contribute to the plan, up to the annual maximum set by the IRS. The contributions are deducted from each paycheck before taxes are taken out, which reduces the taxable income. The money contributed to TSP grows tax-deferred until it is withdrawn in retirement. Nurses can choose to invest in one or more of the TSP's funds, which have different risk and return profiles. What are the benefits of TSP for nurses? One of the biggest benefits of TSP is the tax-deferred growth of the money contributed to the plan. Nurses can also benefit from the low fees charged by TSP as compared to many private retirement plans. The TSP offers several investment options to help nurses diversify their portfolios and manage the risk of their investments. How can nurses enroll in TSP? Nurses who are federal employees can enroll in TSP through their agency's personnel office. The enrollment process involves filling out a TSP-1 form, which can be found on the TSP website. Nurses who are not sure whether they are eligible for TSP should contact their agency's personnel office for guidance. Tips for maximizing TSP benefits Nurses who want to maximize their benefits from TSP should begin contributing as early as possible in their careers. They should also consider contributing the maximum limit each year, if possible. Additionally, nurses should diversify their investments by investing in more than one fund in TSP. Finally, nurses should periodically review and adjust their investments to ensure that they align with their retirement goals. In conclusion, TSP is a valuable retirement savings plan for nurses who work for the federal government. By enrolling in TSP and contributing regularly, nurses can build a significant nest egg to support their retirement years. Understanding the basics of TSP and following the tips provided can help nurses make the most of this important retirement savings plan. https://inflationprotection.org/guide-for-nurses-getting-started-with-tsp-thrift-savings-plan/?feed_id=85786&_unique_id=6431909d13ae6 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalnurses #adn #beginnersguidefornurses #bsn #federalworkers #financialadvicefornurses #howtogetrichwiththetsp #lpn #nurse #NurseMoneyTalk #nursing #rn #rothtsp #thriftsavingsplan #thriftsavingsplanexplained #thriftsavingsplanhelp #tspcfund #tsphelp #tspinvesting #tspstrategy #tsptips #ThriftSavingsPlan #federalnurses #adn #beginnersguidefornurses #bsn #federalworkers #financialadvicefornurses #howtogetrichwiththetsp #lpn #nurse #NurseMoneyTalk #nursing #rn #rothtsp #thriftsavingsplan #thriftsavingsplanexplained #thriftsavingsplanhelp #tspcfund #tsphelp #tspinvesting #tspstrategy #tsptips

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...
Post a Comment
Read more

American Hartford Gold Review – Best Gold IRA? Pros and Cons

In this American Hartford Gold Group review, I go over what makes this Gold IRA company unique, the pros and cons, their fees, and much more. Get Their Free Guide Here: 00:00 Intro 00:25 Is Gold a Good Investment? 01:02 Why Choose American Hartford Gold? 01:48 Is American Hartford Gold a Legitimate Company? 02:35 How Does American Hartford Gold Work? 03:30 American Hartford Gold’s Price Match Guarantee 03:57 American Hartford Gold’s Minimum Investment 04:28 American Hartford Gold’s Buyback Guarantee 04:56 American Hartford Gold Storage and Security 05:54 American Hartford Gold Free Silver Promotions 06:11 No Overseas Storage Options 06:22 American Hartford Gold Group Price List Not Available Online 06:38 American Hartford Gold Group Review Summary 👉 FREE Resources: ➜ Gold IRA Company Reviews: American Hartford Gold Group continues to be a well-respected market leader in the gold IRA and precious metals investment industry. The company’s proven track record ...
Post a Comment
Read more