"Revealing the Top Three Errors Committed in the Thrift Savings Plan"

In this video I go over the top three mistakes people are making in their government retirement accounts and how to avoid them....(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

The Thrift Savings Plan (TSP) is a retirement savings plan for Federal employees and members of the military. It is a valuable tool for retirement planning, but like any investment vehicle, mistakes can be made. Here are the top three mistakes made in the TSP: 1. Not Contributing Enough One of the biggest mistakes in the TSP is not contributing enough to the plan. The TSP offers several types of contributions, including traditional pre-tax, Roth after-tax, and catch-up contributions for those over 50. It is crucial to maximize these contributions to take full advantage of the plan's benefits. Many employees contribute only the minimum required to receive employer matches, missing out on potential tax savings and compounded growth over time. 2. Not Diversifying Investments Another common mistake is not diversifying investments in the TSP. The TSP offers five individual funds, including a government securities fund, bond fund, stock fund, international fund, and lifecycle funds. It is essential to diversify across different asset classes to minimize risk and maximize potential returns. Focusing on one or two funds leaves the portfolio vulnerable to market fluctuations and may limit future growth. 3. Ignoring Fees The TSP charges fees, including annual maintenance fees and expense ratios for each fund. While the fees are relatively low compared to other retirement plans, they can still add up over time. Ignoring fees can lead to lower returns, reduced growth, and a smaller nest egg in retirement. It is crucial to regularly review account statements and understand the fees charged to ensure the plan remains cost-effective. In conclusion, the TSP is an excellent retirement plan that provides generous benefits to Federal employees and members of the military. However, it is essential to avoid these common mistakes to make the most of the plan's potential. By maximizing contributions, diversifying investments, and monitoring fees, employees can build a robust retirement portfolio for their golden years. https://inflationprotection.org/revealing-the-top-three-errors-committed-in-the-thrift-savings-plan/?feed_id=87417&_unique_id=64382b32b801d #Inflation #Retirement #GoldIRA #Wealth #Investing #militaryretirement #retirementaccount #thriftsavingsplan #tsp #tspaccount #ThriftSavingsPlan #militaryretirement #retirementaccount #thriftsavingsplan #tsp #tspaccount

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

Timothy Sumer

Search This Blog