There are a number of options to maximize your TSP. We discuss how to maximize the matching funds from the Federal Government. We also discuss how to catch up if you are over 50 years of age. We also cover the Roth TSP and Roth IRA and how each may be beneficial in your retirement plans.

Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at to get support.

The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management, Inc. (CCM), a registered investment advisor….(read more)

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The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the uniformed services of the United States. The TSP offers many advantages for investors, including low management fees, a range of investment options, and a potential for tax-deferred growth. Here are some tips to maximize your TSP:

1) Contribute as much as you can: The TSP allows federal employees and members of the military to contribute up to $19,500 per year in 2020, with an additional catch-up contribution of $6,500 for those age 50 and older. Make the most of your contributions by contributing as much as you can afford.

2) Choose your investments wisely: The TSP offers a variety of investment options, including five individual funds and five Lifecycle funds that adjust the asset allocations automatically based on the participant’s age and retirement date. Consider your risk tolerance, investment goals, and time horizon when choosing your investments.

3) Keep your expenses low: The TSP has some of the lowest management fees among retirement plans, so take advantage of this by minimizing other expenses such as brokerage fees and trading costs. Avoid switching your investments frequently, as this can add up to substantial costs over time.

4) Diversify your portfolio: Diversification is the key to a successful investment strategy, and the TSP offers a range of asset classes to choose from, including U.S. stocks, international stocks, bonds, and government securities. Consider diversifying your holdings across different asset classes to spread your risk.

5) Watch out for taxes: The TSP offers tax-deferred growth, which means that you won’t pay taxes on your earnings until you withdraw them. However, keep in mind that you will need to pay taxes on your withdrawals, and that the tax rate may be higher in retirement than it is now. Consider your tax situation when making investment decisions.

6) Monitor your account regularly: Keep track of your TSP account by checking your balance regularly and making adjustments as needed. This can help you stay on top of your investments and make changes if necessary.

In conclusion, the TSP is a great retirement savings plan for federal employees and members of the military. By maximizing your contributions, choosing your investments wisely, keeping your expenses low, diversifying your portfolio, watching out for taxes, and monitoring your account regularly, you can make the most of your TSP and work toward a secure retirement.