Timothy Sumer

If you've joined the military, you've probably heard about the Thrift Savings Plan (TSP) but do you know what it is and how it can help you prepare for retirement? ⋯ Find & follow me Newsletter ː Instagram ː Twitter ː LinkedIn ː ⋯ Listen to my podcast Military Money Show ː Check out my blog The Military Money Expert® ː ⋯ My videos are intended for education and entertainment. I do not give investment advice. ⋯ Lacey Langford, AFC®, is a financial coach, writer, and speaker who changes people’s mindset from being fearful of money to having control and confidence with it. Money + military is her jam. She’s the founder of LaceyLangford.com, a personal finance blog and coaching practice specializing in the unique world of the U.S. military. She’s been featured in Good Morning America, Market Watch, and U.S. News and World Report. Lacey’s the creator and host of The Military Money Show, a podcast dedicated to helping the military community make, sa...

People are selling their investments off like crazy, so it's safe to ask yourself if there is anything you can do to protect your Thrift Savings Plan (TSP). It is possible to move your funds from the C Fund or S Fund into the much safer G Fund, but is it truly worth it after all the recession-related sell-offs in the last month? I'm not a financial expert, but if I could go back to February 19th, I would have move all my money from the C and S Funds into the G Fund to protect my retirement investments. But because I didn't at the time, I've lost nearly $30,000 as the NASDAQ, S&P500, and Dow took a nose dive into unprecedented losses. So is it too late? The market movers and shakers are creating an incredibly volatile market right now, but it's possible that indexes like the S&P 500 will reset and rebound based on the pending fiscal and economic stimulus bill that is sitting with the Senate right now. If you're still interested in transferr...