Stephen Zelcer explains the most basic ingredient necessary to invest in the TSP.... ( read more )
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The Thrift Savings Plan (TSP) is a retirement savings plan offered to federal employees and members of the uniformed services. It is similar to a 401(k) plan offered by private employers, and provides a way for participants to save and invest for their future retirement. If you are a federal employee or member of the uniformed services, understanding the basics of TSP investing is important for your financial health. Here are some things to consider when planning to invest in the TSP: 1. Contribution Limits: As of 2020, the maximum amount you can contribute to the TSP is $19,500 per year. Participants who are age 50 or older can make an additional catch-up contribution of up to $6,500 pe
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)