Thrift Savings Mistakes

by | Sep 19, 2022 | Thrift Savings Plan | 2 comments

Thrift Savings Mistakes




A thrift savings plan (TSP) is a type of retirement investment program open only to federal employees and members of the uniformed services, including the Ready Reserve. It is a defined-contribution plan that offers federal employees many of the same benefits that are available to workers in the private sector and closely resembles a 401(k) plan. In this Retirement Concept video I will outline 6 pitfalls to steer away from if you own a TSP account.

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2 Comments

  1. Alrifr

    Great advice. But the government only matches 1 for 1 on the first three percent. From 3 to 5 percent, the government matches 50 percent. So in your 5% example, it is $2500 from you and $2000 matching.

  2. Geo

    Very well done!

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