Thrift Savings Plan or a 401k is the main vehicle for any federal, state, or local government employee. if an employee uses the full potential of their Thrift Savings Plan or 401K it can build great wealth. However, if a government employee doesn’t understand the rules to build wealth with their Thrift Savings Plan or 401K, they will let the opportunity of a lifetime slip through their fingers.
In this video, I will explain how to maximize the full benefits of your Thrift Savings Plan or employer 401K. Additionally, I will look at all of the investment funds available so you can make the best allocation to ensure that your Thrift Savings Plan or 401K is going to maximize your ability to relax when you decide to retire.
I have heard horror stories of government employees who never looked into their TSP/401k and ended up working decades making no or nominal interest. Here we think differently and make smart money moves so if you know any Federal, State, or Local government employees who could use this information please share.
If you are interested in the merch check out www.MakeSmart.cool for more information.
0:00 Start
01:28 Three Legs of Retirement
06:22 Government TSP/401K, most Gov plans are similar
08:10 G Fund
11:30 F Fund
13:57 C Fund
15:35 S Fund
18:00 I Fund
19:49 L Fund…(read more)
LEARN MORE ABOUT: Thrift Savings Plans
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So basically as you get deeper into your federal Job go more conservative. It makes sense to make it more strict. It's more like you guaranteed suppose to risking.
Breakdown was on point.
The whiteboard actually helped cause I'm visual person.
Thanks for the breakdown
Marcus, Thanks for sharing. I am also a Federal Employee. You did a great job explaining the various TSP funds. Here is a youtube link to Dallen Haws the author of "Building Wealth in the TSP" https://www.youtube.com/c/PlanYourFederalBenefits/videos. Thanks again.
If only they made it that easy to understand in school… love the longer video format!
So glad you dropped this video Big Bro! Awesome job!
I need to try this for myself! Great info bro!
Great information! Thanks for sharing!
Love that hoodie thing is awesome
Good information. Can't wait to dive back into contributing to my 401k.
Wow, you explained this so well..didn't know some of this. Yes..agree with the others…do a mini series and drop more knowledge with this!!
How interesting! I did not know any of this. Thanks for sharing!!
Great way to support your friends! Also, definitely do a series of videos so you can explain each fund in more depth.
This is such an in depth video! You should break down each section into its own mini series! Love the shirt btw! Way to support your frienda!