Timothy Sumer

Stephen Zelcer explains the most basic ingredient necessary to invest in the TSP.... ( 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 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...

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 REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/tsp-actions-to-take-in-a-down-market/?feed_id=48644&_unique_id=6395c6713e1aa #Inflation #Retirement #GoldIRA #Wealth #Investing #federalemployeebenefits #federalretirement #federalretirem...