TSP Overview: A Guide for Early to Mid-Career Professionals

Presented by TSP Agency Liaison Specialist Arvella Collins, Federal Retirement Thrift Investment Board. -- U.S. Department of Health and Human Services (HHS) We accept comments in the spirit of our comment policy: HHS Privacy Policy ...(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

As a young professional, it's never too early to start planning for your retirement. One tool that is available to federal employees and members of the military is the Thrift Savings Plan (TSP). The TSP is a defined contribution plan, similar to a 401(k), that allows participants to save for their retirement through pre-tax or after-tax contributions, which can be invested in various funds. If you are a federal employee or member of the military, you are automatically enrolled in the TSP with a 3% contribution from your paycheck. However, it is important to consider increasing your contributions, especially if you are early to mid-career, as increasing the amount you save can provide significant benefits in the long run. One aspect to consider when deciding how much to contribute is the TSP's matching contributions. Currently, the TSP matches up to 5% of your contributions dollar for dollar, meaning that if you contribute 5%, the TSP will contribute an additional 5%. Taking advantage of this matching contribution is a great way to boost your retirement savings. Another important factor to consider when investing in the TSP is the funds available. There are five main funds to choose from, ranging from the safest (G Fund) to the riskiest (C Fund). It is recommended to diversify your investments among the funds to spread out risk and balance potential returns. It is also important to review your TSP account regularly and make changes as necessary. As you progress in your career and your retirement goals change, you may want to adjust how much you contribute or how you invest. It is also important to review your TSP account to ensure you are not paying higher fees than necessary. Overall, the TSP can be a valuable tool for building your retirement savings. However, it is important to understand how the plan works and make smart decisions when it comes to contributing and investing. By taking advantage of matching contributions, diversifying your investments, and reviewing your account regularly, you can set yourself up for a comfortable retirement. https://inflationprotection.org/tsp-overview-a-guide-for-early-to-mid-career-professionals/?feed_id=96398&_unique_id=645c7995bf450 #Inflation #Retirement #GoldIRA #Wealth #Investing #federalbenefits #federalretirement #HHS #HHS.gov #HHSgov #MidCareerRetirementCounseling #ThriftSavingsPlanBriefing #tsp #USGovHHS #ThriftSavingsPlan #federalbenefits #federalretirement #HHS #HHS.gov #HHSgov #MidCareerRetirementCounseling #ThriftSavingsPlanBriefing #tsp #USGovHHS

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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 ...

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...

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