Timothy Sumer

What are tsp strategies – What is a tsp strategy? 1-800-566-1002 . What are the best types of tsp strategies for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to set up a tsp strategy. New Guidelines on Accessing Your TSP Money Loans - Anyone who is actively employed that has a vested balance in the TSP may use TSP 20 to request a general purpose loan or a loan for the purpose of a residence. The amounts you can take, the repayment schedule, and consequences for nonpayment on the loan should be checked with TSP so you understand. However it is an option to you which provides flexibility, and perhaps the opportunity to avoid much higher interest debt or a financial emergency. Hardship Withdrawals - While working, but prior to age 59.5 it is also possible to access funds if it can be documented that there is a financial hardship. This type of withdrawal does not prevent the 10% penalty, or other taxes, it simply a

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

Today we continue our deep dive into TSP with a look at the new mutual fund window option this is a big change and we've got some good information you'll need to know if you're considering adding mutual funds to your overall tsp investment mix Since its inception the thrift savings plan has offered participants two choices for investing their money index funds focused on five areas including government securities, common stock, fixed income investments, small cap stocks or international stocks then you have life cycle funds consisting of a diversified mix of the five core index funds and designed to generate maximum returns over a defined period of time. In the summer of 2022 TSP participants will have access to more investment choices when the federal retirement thrift investment board or the agency that oversees the TSP opens a mutual fund window. The mutual fund window is expected to make about 5 000 different mutual fund choices available to the TSP th