Watching your Thrift Savings Plan decrease is no fun, especially if you are getting close to retirement. There are a couple of things you can do in times like this that could help dampen the blow. Two things you can do if you are comfortable adding a little bit of risk: 1. Increase your TSP contributions 2. Change your TSP allocation to the stock funds As Mr. Buffet once said, buy when there is "blood in the streets." Even though we may intellectually understand this, it is tough to do when the time comes. www.bobbfinancial.com... ( read more )
LEARN MORE ABOUT: Thrift Savings Plans
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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 :)