Timothy Sumer

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees, including service members, that works like a 401(k). See how you can sign-up and start building your retirement security.... ( 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 retirement savings plan designed for federal employees and members of the uniformed services. It is a defined contribution plan which means that employees make contributions from their salary and the government may also make matching contributions to help accumulate savings for retirement. If you are a federal employee or a member of a uniformed service, you can participate in the TSP. Here's how you can participate in the TSP: 1. Determine your eligibility If you are a federal employee or a member of the uniformed...

In this video I go over the top three mistakes people are making in their government retirement accounts and how to avoid them.... ( 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 retirement savings plan for Federal employees and members of the military. It is a valuable tool for retirement planning, but like any investment vehicle, mistakes can be made. Here are the top three mistakes made in the TSP: 1. Not Contributing Enough One of the biggest mistakes in the TSP is not contributing enough to the plan. The TSP offers several types of contributions, including traditional pre-tax, Roth after-tax, and catch-up contributions for those over 50. It is crucial to maximize these contributions to take full advantage of the plan's benefits. Many employees contribute only the minimum req...