The contribution limit for TSP in 2023 is $22,500 or $30,000 for 50 or older. My TSP strategy is to max out my contribution every year. How long do you think it’ll take to reach 7 figures if I max out my contribution every year?

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TSP Individual Funds Explained in 30 Seconds | Thrift Savings Plan

The TSP, or Thrift Savings Plan, is a retirement savings plan available to federal employees and members of the military. It offers a variety of investment options known as individual funds. These funds allow participants to choose how their money is allocated within the plan.

There are five individual funds in the TSP: the G Fund, F Fund, C Fund, S Fund, and I Fund. The G Fund is invested in government securities and is the lowest risk option. The F Fund invests in fixed-income bonds, offering moderate risk and potential returns.

For those seeking higher returns, the C Fund invests in large U.S. companies, while the S Fund focuses on small and mid-size U.S. companies. Finally, the I Fund invests internationally, providing exposure to markets outside of the U.S.

By diversifying their investments across these funds, participants can balance risk and potential return based on their individual investment goals. It’s important to regularly review and adjust these allocations to ensure they align with changing financial objectives.

In just 30 seconds, this overview highlights the availability and purpose of the TSP individual funds, giving participants a brief understanding of how they can choose the right investment mix for their retirement savings within the Thrift Savings Plan.