Timothy Sumer

The Thrift Savings Plan declining can be a scary thing for federal employees, but what happens after the decline? Advisors like to tell people to stay put, and don't touch your TSP! But why? Here is a little context on why and what has happened in the past after a decline of 25% or more.... ( 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 defined contribution retirement plan for federal employees. It is similar to 401(k) plans offered by private sector companies. The TSP has been a popular retirement savings vehicle for federal employees since its creation in 1986. However, recent declines in TSP returns have caused concern among its participants. In 2018, the TSP saw its first decline in five years, with the C Fund (which tracks the performance of the S&P 500) declining by 6

START INVESTING FOR FREE: 📈 M1 Finance - Get FREE Audiobooks and 2 Audible Originals (and support this channel!) with a 30-day Free Trial of Audible: Subscribe for weekly finance videos: In this viewer requested video, I explain what the thrift savings plan (or TSP) is, I go over the investment options available in the TSP as well as the steps to roll the TSP over to an IRA after leaving the service. *Note: I do not have a TSP and all the information in this video is based on solid research and speaking to people who do have TSPs. Most of the information found in this video was taken from Ryan Guina's fantastic articles on militarywallet.com. The links to the specific articles are listed below: TSP Rollover Guide: Should You Rollover Your TSP to IRA (Pros and Cons): What Should You Do With Your TSP When You Leave the Service: More information on the TSP can be found on the TSP website: If you enjoyed this video you can check out some of my other videos at