Timothy Sumer

Have you ever wondered what the Thrift Savings Plan is and how it works? I've got you covered. #tsp #retirement #investing When it comes to retirement planning, you probably hear a lot about 401(k)s. But if you’re a federal employee or in the military, you don’t have a 401(k). That doesn’t mean you can’t build wealth for the future. You can contribute to the federal Thrift Savings Plan—and that’s exciting news! Turns out, the Thrift Savings Plan is a pretty big deal. As far as defined contribution plans go, the TSP is the largest in the world, with over $558 billion in assets. Over 5 million people have a Thrift Savings Plan account, and—even better—89% of participants are satisfied or extremely satisfied with the Thrift Savings Plan. Now, the key to investing in the Thrift Savings Plan is to invest consistently and choose the right funds to help you build wealth for the long term. And that can be scary, especially if you’re new to investing. The good news is that w...