The New TSP Website | A Thorough Walkthrough and Explanation
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase “I don’t get paid enough” entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!
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The New TSP Website | A Thorough Walkthrough and Explanation
As technology continues to evolve, so must the online platforms we rely on for various tasks and services. That’s precisely why the Thrift Savings Plan (TSP), a retirement savings plan for federal employees, has launched its new website. This upgraded platform aims to provide users with a seamless and user-friendly experience, making it easier than ever to manage their retirement savings.
One of the most notable improvements of the new TSP website is its modern and intuitive design. Upon logging in, users are greeted with a clean and organized homepage, offering clear directions on how to navigate the different features. Whether you’re a seasoned TSP investor or a newbie just starting out, the new website ensures a hassle-free and streamlined experience.
The homepage also features quick links to some of the most commonly accessed sections, such as account balances and investment performance. This saves users time by providing key information upfront, without the need to navigate through multiple pages.
Another significant enhancement is the improved account access and security measures. The new TSP website emphasizes the importance of safeguarding personal information by implementing various authentication methods. Users can now set up two-factor authentication, providing an extra layer of security to their accounts. This additional security measure offers peace of mind, ensuring that your retirement savings are well-protected from potential threats.
The website’s mobile-friendliness is also a noteworthy improvement. With the majority of users accessing the internet primarily through their smartphones, the TSP website’s responsive design ensures that it can be easily navigated and accessed on mobile devices. This means that users can conveniently manage their retirement savings on-the-go, without the need for a computer or laptop.
Furthermore, the new TSP website offers enhanced educational resources for users to make informed decisions about their retirement plans. From interactive calculators to educational videos, there is a wealth of information readily available at users’ fingertips. These resources aim to demystify retirement planning, providing the necessary tools for users to understand their investment options and make well-informed choices.
For those who prefer a hands-off approach, the new TSP website introduces an innovative feature called “TSP Lifecycle Funds.” These funds automatically adjust the investment mix according to an individual’s target retirement date. This feature simplifies the investment process, ensuring that your portfolio is appropriately tailored to your long-term goals.
Additionally, the website’s enhanced customer support functionality promises swift resolutions to any queries or concerns. Users can easily search for answers to commonly asked questions or contact the TSP support team directly through the website. This proactive approach to customer support sets the new TSP website apart, making it truly user-centric and dedicated to addressing the needs of its user base.
In conclusion, the new TSP website marks a substantial upgrade in terms of design, functionality, and security. With its user-friendly interface, enhanced educational resources, and improved mobile accessibility, managing retirement savings has never been easier. Its emphasis on security ensures that users can have peace of mind knowing their personal information is safeguarded. Whether you’re a long-time TSP investor or just beginning your federal career, the new TSP website is a welcome addition to the world of retirement planning.
I'm confused. I'm not exactly sure the difference between change investment mix and move money between funds? Why would someone want to move money between funds? Also,it says move money that's already in the plan vs only money that will be contributed in the future. Doesn't quite make sense. I miss the old tsp where you just changed the allocations and that's it.
Hey where can I find the price I bought my funds at? When I look under investments area it has an area for fund price and the agent at TSP tell me that's the price, but when I compare it to the daily fund price it matches it so I'm very confused.
I’m new to this.. I don’t know how to change to Roth.. I changed my fund mix to 75% C and 25% S just like you… can you tell me how to switch from traditional to Roth please?
How did you drain your entire tsp? Are you at retirement age? Don’t they only let you take out a small percentage?
Thank you. Tsp should have left the website alone. I want to change my % around and can't figure out how. Thanks for this video. I'll try it later today.
Try to withdraw your TSP money! I'm happily retired from federal service but CANNOT withdraw from TSP. I first tried to set up monthly withdraws on line at the "new and improved" TSP website…can't be done. Then talked to participant service representative (PSR) to effect monthly distributions…can't be done. PSR said the issue "should" be rectified by January 31, 2023. Nope. Still cannot withdraw money. Can't be done via monthly withdrawal, partial distribution or by any other manner. Bring back the old and functional website!
Love your videos, what's the book that you mentioned/wrote called?
So, just starting out late at 52…don’t have a lot to contribute right now but it’s at 5%…so stick 75% to C and 25% to S for starters and go from there?? Thx!
Hello, I'm from Pacific, and I'm interested in working with you on a video.
Is there any reason why someone that is getting out would keep their money in the tsp instead of transferring the money into an IRA like Vanguard so you can keep contributing?
If i change my tsp on LES and remove 5% on traditional tsp to 0% and switch it to a Roth tsp do i still get the matching contribution from the gov on roth tsp instead of traditional?
Always enjoy your videos!