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.
Here are the 5 biggest takeaways from the TSP Millionaire Report from the first quarter of 2023.
Do you want to become a TSP Millionaire? This is how much you'd need to save each pay period to reach millionaire status.
The MRA + 10 retirement allows FERS employees who have reached MRA a chance to retire earlier than they otherwise could with some benefit reductions.
In this post we take a look at how the thrift savings plan bond funds work and answer the question "why is the TSP f fund losing money in 2022".
Want to buy cryptocurrency in your Thrift Savings Plan? Here's everything you need to know about investing in crypto and Bitcoin in your TSP?
Do you have a thrift savings plan and want to add bonds to your retirement savings? Here's what the TSP F Fund and TSP G Fund invest in.
Do you want to understand if TSP withdrawals are considered income? In this post we talk about the tax treatment of federal employees' Thrift Savings Plan.
The IRS typically imposes a 10% penalty on early distributions from the TSP. Find out special rules to avoid the TSP early withdrawal penalty.
Are you confused about TSP taxes on withdrawals? This article breaks down how different types of withdrawals affect your federal income tax.
A TSP Interfund Transfer Request is a financial transaction that allows you to re-distribute all or part of your current account balance.
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.
Thinking about contributing the max to your TSP? This post describes the maximum allowable TSP contributions and pros/cons of the TSP.
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?
Federal employees over age 50 have an increased contribution limit in their thrift savings plan. But are TSP catch-up contributions worth it?
Do you want to be a TSP Millionaire? In this post I share lessons you can learn from those with over a million dollars in their thrift savings plan accounts.
The TSP L 2025 Fund is the most conservative lifecycle fund outside of the TSP L Income Fund. Find out whether or not it's right for your portfolio.
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.
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.
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.
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.
Want to make sure you're using the best TSP allocation? Here are some of the best TSP allocations recommended by top financial experts.
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.
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.
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.
Are you thinking about investing in the TSP Lifecycle Funds? Before taking the plunge you need to check out these 6 key facts!
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.
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.
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.
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 is opening a mutual fund window in June 2022 to allow federal employees to invest money outside of the core funds. But buyer beware!
Learn about the TSP S Fund and how it works. You'll also discover what makes it different from other investment options.
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.
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.
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.
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 Rollovers refer to the process of moving retirement funds between different accounts. This article covers both rolling money into and out of the TSP.
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.
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.
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.
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.
Financial advisors recommend international exposure your portfolio. Find out how the TSP I-Fund affects your portfolio diversification.
This post will explain everything you need to know about the TSP annuity option and whether you might benefit from purchasing one.
Do you understand what a Roth TSP is, how it works, and how it differs from both the TSP and a Roth IRA?
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.
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 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.
Trying to decide between a Traditional vs. Roth TSP? Read this post to find out the differences between Tradtional and Roth TSP.