In this episode of theSITREP, Paul covers what happens to your Thrift Savings Plan when you leave the federal government. Paul is joined by U.S. Air Force Veteran, Mike Jerue, who serves as the Deputy Chief Investment Officer at Thrift Savings Plan.
Listen to the complete Thrift Savings Plan Podcast here:
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ADDITIONAL THRIFT SAVINGS PLAN VIDEOS
What is Thrift Savings Plan
Pension vs. Thrift Savings Plan
Contributions with Thrift Savings Plan
Thrift Savings Plan After Government Service
How to Set-Up Your Thrift Savings Plan
IRA & Thrift Savings Plan Contributions
Thrift Savings Plan Beneficiaries
Thrift Savings Plan Contributions After Service
Roth vs. Traditional Thrift Savings Plan
IRA vs. Thrift Savings Plan
403b vs. Thrift Savings Plan
Thrift Savings Plan Rollovers
Are TSP Contributions Tax Deductible
401k, 457 & 403b vs. Thrift Savings Plan
TSP Maximum Contributions
Individual Funds (G, F, C, S, I Fund) & TSP
TSP L Funds
TSP Retirement Calculators
Roth vs. Traditional Withdrawals
How to Change TSP Contribution Amounts
Thrift Savings Plan Loans & Withdrawals
Age to Withdraw TSP
Thrift Savings Plan Vesting Period
(RMDs) Required Minimum Distribution & TSP
TSP After DoD Service
TSP Company Holdings
Thrift Savings Plan DoD Rollover
How to Access Thrift Savings Plan
Retroactive Contributions to TSP
Catch-Up Contributions with TSP
Changing Contributions with TSP
Thrift Savings Plan Mutual Funds
THRIFT SAVINGS PLAN TOPIC LINKS
For TSP overview, visit:
For TSP contributions, visit:
For TSP L Funds, visit:
For TSP investment funds, visit:
For TSP rollovers, visit:
For TSP holdings of companies, visit:
For TSP mutual fund window, visit:
For TSP annuity, visit:
For TSP required minimum distribution (RMD), visit:
For TSP loans, visit:
For TSP hardship withdrawals, visit:
For TSP death benefits, visit:
#theSITREP #TSP #AnnieVA...(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
Thrift Savings Plan After Government Service: Building Wealth for the Future The Thrift Savings Plan (TSP) is a retirement savings and investment vehicle available to federal employees, including members of the military. It offers a wide range of benefits and opportunities for individuals to create a secure financial future beyond their government service. In this article, we will explore the TSP program and its advantages, as well as provide insights into how theSITREP can enhance TSP management and decision-making. TSP is known for its low-cost structure and simplicity, making it an attractive option for individuals seeking to build wealth for retirement. Contributions to the TSP can be made through payroll deductions, either on a traditional pre-tax basis or a Roth after-tax basis. The contributions can be invested in various funds, including the Government Securities Investment (G) Fund, Fixed Income Index Investment (F) Fund, Common Stock Index Investment (C) Fund, Small Capitalization Stock Index Investment (S) Fund, and International Stock Index Investment (I) Fund. One of the significant advantages of the TSP is the government's matching contributions for members of the Federal Employees Retirement System (FERS) and Blended Retirement System (BRS). Depending on the employee's contribution rate, the government would match up to 5% of their salary, which essentially doubles the initial investment. This matching contribution is an excellent opportunity for individuals to maximize their retirement savings while reducing their tax liability. Upon leaving government service, individuals have multiple options to manage their TSP accounts. They can choose to leave their funds in the TSP or transfer them into an Individual retirement account (IRA) or an employer-sponsored retirement plan. Each option has its pros and cons, and individuals should carefully evaluate which one aligns with their financial goals and needs. For those who wish to maintain a hands-on approach to managing their retirement savings, theSITREP is an invaluable tool. theSITREP is a platform designed to provide comprehensive, data-driven analysis of TSP accounts and investment strategies. With theSITREP, users gain access to personalized investment recommendations, performance reports, and asset allocation analysis. It enables individuals to make informed decisions, minimize risk, and potentially maximize their returns. Moreover, theSITREP offers a unique feature called the "What-If Analysis." This feature allows users to simulate different investment scenarios and assess the potential impact on their retirement savings. By exploring various market conditions and investment strategies, individuals can confidently make decisions and adjust their TSP portfolio accordingly. In summary, the Thrift Savings Plan offers federal employees the opportunity to build wealth for their retirement efficiently. With its low costs, matched contributions, and various investment options, the TSP provides a robust vehicle for long-term financial security. And with the additional insights and analysis provided by theSITREP, individuals can optimize their TSP management to suit their unique needs and goals. So whether you are a current federal employee or have recently left government service, make sure to explore the benefits of the TSP and leverage the power of theSITREP for a brighter financial future. https://inflationprotection.org/post-government-service-navigating-the-thrift-savings-plan-tsp-thesitrep/?feed_id=143536&_unique_id=6521a2fccfd47 #Inflation #Retirement #GoldIRA #Wealth #Investing #ThriftSavingsPlan
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