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For vacations, online shopping for everything high credit limit, no credit check using your employee id number:
Easiest No credit check Government employee loans BMG MONEY
Every union employee should check out
unionplus.org
Financial advice and counseling
www.sumillionaires.com
Other govt employee loans:
Kashable.com
Oneblinc.com
sunkissedkate.com
feeea.org
workfactoryloans.com
Help fix your credit and buy stuff!!
Program to help you buy your first home:
Divvy.com
FHLB Affordable Housing & Community Investment | Federal Housing Finance Agency
Federal Discount Lodging Directory
GovArm.com
Sato Vacations
Government Vacation Rewards
Nanny Pro (discount Daycare/ babysitting)
USA Home Financing
GovLoans.gov
Waepa.org (for feds by feds…(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, including those employed by the United States Postal Service (USPS).
One of the key benefits of the TSP is that it allows participants to contribute pre-tax dollars from their paychecks, meaning that the money they contribute is not taxed until they withdraw it during retirement. In addition, the TSP offers a range of investment options, allowing participants to construct a portfolio that matches their risk tolerance and investment goals.
However, one lesser-known aspect of the TSP is that it allows participants to take out loans against their own account balances. This can be a helpful tool in times of financial need, as it allows participants to access their own money without the need for a credit check or applying for a traditional loan.
To take out a TSP loan, participants must first contact the TSP administrator and provide information about the amount they wish to borrow and the length of the loan. The loan must be repaid within a set period of time, typically five years, and participants must pay interest on the loan at a rate determined by the TSP.
While borrowing from your own retirement savings may seem counterintuitive, it can be a sensible option for certain situations. For example, if you need to make a large, unexpected payment but don’t have sufficient cash on hand, taking out a TSP loan can help you avoid high-interest credit card debt or other types of loans that may be more expensive in the long run.
However, it’s important to remember that taking out a TSP loan does have risks. If you are unable to repay the loan, you may face penalties and taxes on the amount you borrowed. In addition, by borrowing against your own account, you may miss out on compounding interest and other potential investment gains that could have helped you grow your retirement savings over time.
As with any financial decision, it’s important to carefully consider the pros and cons of taking out a TSP loan before making a decision. If you do decide to borrow against your own account, be sure to work with the TSP administrator to fully understand the terms and conditions of the loan, including any fees, interest rates, and repayment requirements.
In conclusion, the TSP offers a unique opportunity for federal employees, including USPS employees, to save for retirement while also providing the option to access their own money in times of need. Whether or not to take advantage of the TSP loan option is a personal decision that requires careful consideration of individual circumstances and financial goals.
I’m planning on changing careers. What can I do about my TSP can I take it all out or will the post office just take it?
Bruhhhhhh…
So many times I’ve read and so many have tried to explain the tsp game. For whatever reason, I didn’t understand it.
Three minutes into this video, and I finally get it.
Thanks again for your commitment and time to help educate the perks and essentials of being/becoming a usps employee.
Oh saaaaa nnnnap!
I got my orientation date! I start CCA Jan 30th! I applied for the ARC by accident Nov 29th. Literally cried cuz I messed up and so much time went by….how to fix that mistake? (Did fingerprints and security background check….). Figured that out on Jan 3rd. Lmao and applied for CCA that night. Got the call on jan 9th saying I passed everything and come on in!
Thank you for praying for me Jay!
God gave me this job!
And yes! First thing I'm gonna do when I can is put 5 % into TSP!
Hello Jaye. Your new look is nice! You look thinner without all that hair on your face. Good look for 2023. Be safe and take care!
They plan on laying off soon
Would be nice as a PSE to get more then 40 hrs every once in a while
My daughter called me in tears today. The supervisor showed her a list that she will be laid off.. she said “ I work my butt off and the people they kept, hide and call off.. I never call off and I stay when they want me to stay” it hurt to see my child like this and she enjoy her job and she is only 19. I told her to pray about it. If its meant you will be there. What is the procedure for how and who they lay off?
Not financial advice.
Id never borrow against yourself while the market is down lol do it when the market is at an all time high.
Can we invest in the tsp as RCAs?
This is a good take on it.
I DON'T EVEN THINK YOU DEAL WITH MICKEY MOUSE SHIT LIKE THAT ANYWAY!!!!!!
ENJOYED YOUR VIDEOS. GREAT KNOWLEDGE. THERE IS ONE THING I WISH YOU HAD COVERED BEFORE I STARTED WITH USPS AND FINSHED WITH USPS( 45 DAYS) AGO. I DO NOT KNOW IF YOU ARE PUERTO RICAN,,,ETC…… BUT HERE IN EAST TEXAS THEY DON'T SEEM TO LIKE AGGRESSIVE , GO-GETTING ,,,,ASSSERTIVE BLACK MALES. DON'T KNOW IF THAT IS RACIAL OR NOT BECAUSE THE BLACK FEMALES IN THIS NECK OF THE WOODS DON'T EITHER. I DO NOT KNOW HOW THE USPS IS IN DALLAS, SAN ANTONIO, AUSTIN, BERKLEY, SAN FRANCISCO, ATLANTA AND I DON'T KNOW WHERE YOU ARE LOCATED . FRANKLY IT'S NONE OF MY BUSINESS. FROM WHAT I HAVE EXPERIENCED DURING MY SHORT 45 DAYS IS THAT THERE IS A PARTICULAR PERSONALITY TRAIT THAT WAS CONSISTENT WITH ALL THE POSTAL EMPLOYEES THAT I CAME IN CONTACT WITH (HERE IN EAST TEXAS). THERE SEEMS TO BE HISTORICAL TREND FOR THE PAST 450 YEARS TO PUT BLACK FEMALES IN CHARGE ALONG WITH WHITE MALES. WHETHER THE PLANTATION OR THE USPS. IT SEEMS THAT THE BLACK FEMALES DO THE WHITE MALE'S BIDDING. I HAD NO IDEA. I HAVE NEVER EXPERIENCED ANYHTING LIKE THIS BEFORE. I AM 50 SO LET'S SAY 45 YEARS. THESE ARE THE THINGS THAT I WISH YOU HAD COVERED. YOU DID MENTION THE OLD HEADS AT THE POST OFFICE THAT RUN THINGS BUT THIS FAR EXCEEDS THAT.
I STILL ENJOYED YOUR VIDEOS BUT THERE IS SOME DEFINATE PATHOLOGY IN THE POSTAL SERVICE. I WILL NOT HOLD USPS COMPLETELY RESPONSIBLE FOR MY EXPERIENCE HERE IN EAST TEXAS. PS: THERE WERE ALSO SOME SILLY ASS WHITE GIRLS ASS WELL………A VERY STRANGE EXPERIENCE. I WILL SAY THIS,,,,,WHITE PEOPLE HAVE THE ART OF ASSIMILATION DOWN. WHAT DO I MEAN BY THIS? CODING,,,,,,,I HAVE SEEN WITNESSED THEM CHANGE THERE DIALECT DEPENDING ON WHO THEY ARE AROUND. IS THIS A SURVIVAL SKILL? THEY HAVE MASTERED IT!!!!!!!!
My opinion only: I would use my TSP loan program as a last resort because I have my eyes focused on having as much cash in this retirement fund as possible.