TSP School

The GovernmentWorkerFI TSP School is a collection of articles about the Thrift Savings Plan, the defined contribution plan [similar to a 401(k)] for federal employees.

Average TSP Balance By Age- Surprising TSP Statistics You Need To Know Now

Average TSP Balance By Age- Surprising TSP Statistics You Need To Know Now

In this post, I'm going to allow you to compare yourself to your fellow federal employees by walking through the average TSP balance by age or years of service.

F Fund vs. G Fund: Which Bond Fund Is Best?

F Fund vs. G Fund: Which Bond Fund Is Best?

Federal employees have 2 choices for bond funds within the TSP. In this post I compare the F Fund vs. G Fund to see what's the best choice for bond exposure.

Roth TSP vs. Roth IRA: 3 differences to know before investing

Roth TSP vs. Roth IRA: 3 differences to know before investing

Trying to decide between contributing to a Roth TSP or a Roth IRA? In this post I compare the Roth TSP vs. the Roth IRA to find out which one comes out on top.

TSP Strategy: These 2 Weird Tricks Can Make You Rich

TSP Strategy: These 2 Weird Tricks Can Make You Rich

What if I told you there was a TSP strategy that would beat 75% of Wall Street’s best investors? Would you follow it even if it were incredibly boring?

TSP beneficiary – 4 key facts you need to know today

TSP beneficiary – 4 key facts you need to know today

Being human means avoiding thinking about death. While it's not healthy to obsess about death, naming a TSP beneficiary is an important part of estate planning.

Best TSP Allocation: Proven Tips for a Safe Retirement

Best TSP Allocation: Proven Tips for a Safe Retirement

Want to make sure you're using the best TSP allocation? Here are some of the best TSP allocations recommended by top financial experts.

Required minimum distributions (RMDs) and your TSP [ultimate TSP RMD guide]

Required minimum distributions (RMDs) and your TSP [ultimate TSP RMD guide]

RMDs are a feature of lots of traditional retirement plans, such as IRA's and 401(k)'s, . However, there are some special TSP RMD rules you should know.

Personal Casualty Losses and TSP Hardship Withdrawals

Personal Casualty Losses and TSP Hardship Withdrawals

Did you know you can access your TSP early if you have a personal casualty loss? Find out what a personal casualty loss means for your TSP.

TSP Early Withdrawal Penalty- Surprising Truths About Your Retirement

TSP Early Withdrawal Penalty- Surprising Truths About Your Retirement

The IRS typically imposes a 10% penalty on early distributions from the TSP. Find out special rules to avoid the TSP early withdrawal penalty.

TSP loan without a spousal signature: guidance for difficult situations

TSP loan without a spousal signature: guidance for difficult situations

Can you get a TSP loan without a spousal signature? The answer is yes, but there are a lot of hurdles you will need to jump through.

TSP Lifecycle Funds: 8 Facts You Need To Know Today

TSP Lifecycle Funds: 8 Facts You Need To Know Today

Are you thinking about investing in the TSP Lifecycle Funds? Before taking the plunge you need to check out these 6 key facts!

Is the TSP a qualified retirement plan?

Is the TSP a qualified retirement plan?

Are you trying to understand whether the TSP is a qualified retirement plan? Check out this post to understand how the IRS qualifies the Thrift Savings Plan.

TSP L 2035 Fund- Your Secure Path to Retirement

TSP L 2035 Fund- Your Secure Path to Retirement

The TSP L 2035 Fund is one of the many lifecycle funds offered by the TSP. Keep reading to find out what it invests in and if it is right for you.

Is the TSP a 457 Plan?

Is the TSP a 457 Plan?

Is the TSP a 457 plan? In this article I break down what the TSP is, what a 457 plan is and how the plans are similar and different from each other.

TSP L 2065 Fund: A Retirement Plan for New Employees

TSP L 2065 Fund: A Retirement Plan for New Employees

In this post I'm going to walk you through the investment objective of the TSP L 2065 Fund, who it targets, and why you might consider investing in it.

Fundamentals of TSP Vesting and Government Contributions

Fundamentals of TSP Vesting and Government Contributions

There are several levels of TSP vesting- Most funds are vested after 3 years; some of us are vested after 2 years. Some funds don’t have any vesting period!

The TSP Mutual Fund Window Sucks.

The TSP Mutual Fund Window Sucks.

The TSP is opening a mutual fund window in June 2022 to allow federal employees to invest money outside of the core funds. But buyer beware!

TSP S Fund- Spectacular Growth and Frightening Crashes

TSP S Fund- Spectacular Growth and Frightening Crashes

Learn about the TSP S Fund and how it works. You'll also discover what makes it different from other investment options.

TSP L 2040 Fund- Risk and Reward Balanced by a Professional

TSP L 2040 Fund- Risk and Reward Balanced by a Professional

In this post I'm going to walk you through the investment objective of the TSP L 2040 Fund, who it targets, and why you might consider investing in it.

TSP Dividends: Find Out How This Money Builds Your Portfolio

TSP Dividends: Find Out How This Money Builds Your Portfolio

This article summarizes how TSP dividends work and explains why the TSP funds do earn dividends but they don't show up on your statements.

TSP SEPP?  A guy on the internet unlocks the secret to PAY ZERO PENALTIES

TSP SEPP?  A guy on the internet unlocks the secret to PAY ZERO PENALTIES

The 72(t) SEPP rule (Substantially Equal Periodic Payments) allows you to access money from the TSP early. I explain how to use TSP SEPP for early withdrawals.

TSP F Fund- How To Balance Your Portfolio For A Secure Retirement

TSP F Fund- How To Balance Your Portfolio For A Secure Retirement

The TSP F Fund follows the Bloomberg Barclays U.S. Aggregate Bond Index. Find out whether the F Fund is right for your portfolio.

TSP Rollover Tips You Need to Know

TSP Rollover Tips You Need to Know

TSP Rollovers refer to the process of moving retirement funds between different accounts. This article covers both rolling money into and out of the TSP.

TSP L 2050 Fund: [Ultimate Guide for Your Retirement Savings]

TSP L 2050 Fund: [Ultimate Guide for Your Retirement Savings]

Do you invest in the TSP Lifecycle Funds? The TSP L 2050 Fund is designed for employees who will begin TSP withdrawals between 2048 and 2052.

TSP L Income Fund: Pros and Cons of a Conservative Portfolio

TSP L Income Fund: Pros and Cons of a Conservative Portfolio

The TSP L Income Fund is the Lifecycle Fund for current retirees. In the TSP L Income fund, about four out of every five dollars will be in the G fund.

TSP Interfund Transfers- A Surprisingly Useful Tool for Balancing Investments

TSP Interfund Transfers- A Surprisingly Useful Tool for Balancing Investments

A TSP Interfund Transfer Request is a financial transaction that allows you to re-distribute all or part of your current account balance.

TSP Forms: The ultimate guide to changing anything with your TSP

TSP Forms: The ultimate guide to changing anything with your TSP

In a world where you can do anything with your smartphone, the TSP relies on a number of forms. Here's a guide with handy links to the forms.

TSP 70: Why you don’t need it anymore

TSP 70: Why you don’t need it anymore

Are you looking for the TSP 70 form? Good news, the form is expired. Check out this post to find out what you need instead.

TSP I Fund: Shocking Facts You Need to Know Now

TSP I Fund: Shocking Facts You Need to Know Now

Financial advisors recommend international exposure your portfolio. Find out how the TSP I-Fund affects your portfolio diversification.

Is the TSP Annuity a Good Deal?

Is the TSP Annuity a Good Deal?

This post will explain everything you need to know about the TSP annuity option and whether you might benefit from purchasing one.

Roth TSP [Weird Details You Need To Know Today]

Roth TSP [Weird Details You Need To Know Today]

Do you understand what a Roth TSP is, how it works, and how it differs from both the TSP and a Roth IRA?

TSP G Fund: A Ponzi scheme with minuscule returns

TSP G Fund: A Ponzi scheme with minuscule returns

The TSP G Fund is guaranteed to never lose money. But is it a good deal? Find out why the G Fund may not be a great fit for your retirement.

Is the TSP an IRA? [Ultimate Guide]

Is the TSP an IRA? [Ultimate Guide]

Both the Thrift Savings Plan (TSP) and an Individual Retirement Account (IRA) help people save for retirement. But the TSP is not an IRA.

The C Fund- Risky or the Core of Your Portfolio?

The C Fund- Risky or the Core of Your Portfolio?

The C fund is available to federal employees through the Thrift Savings Plan or TSP. The C fund aims to match the performance of the S&P 500.

Should You Max Out TSP Contributions? The Truth About The Government 401(k)

Should You Max Out TSP Contributions? The Truth About The Government 401(k)

Thinking about contributing the max to your TSP? This post describes the maximum allowable TSP contributions and pros/cons of the TSP.

Traditional vs. Roth TSP which is better

Traditional vs. Roth TSP which is better

Trying to decide between a Traditional vs. Roth TSP? Read this post to find out the differences between Tradtional and Roth TSP.

How to Withdraw Money From Your TSP- Complete  Guide

How to Withdraw Money From Your TSP- Complete Guide

This page is a comprehensive guide explaining how to withdraw money from your TSP if you are a current or formal federal employee.