Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. He has ...

The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. It is similar to the 401(k) plans offered by many private-sector ...

Starting January 1, 2026, Federal employees and retirees will be able to convert money from their traditional Thrift Savings Plan accounts to a Roth TSP account. Federal employees can make their ...

A thrift savings plan (TSP) is a retirement savings program specifically designed for federal employees and members of the military. TSPs are considered qualified retirement plans, and this status ...

Federal employees do a great job saving for retirement in the Thrift Savings Plan, and the numbers prove it. Here are a few of the outstanding statistics: On the worrisome side, TSP participants' ...

If you are facing early retirement or sudden loss of your federal career, it is a good idea to have a generous cushion of cash to carry you through a job search in the private sector or the wait you ...

A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

The US federal government’s Thrift Savings Plan ended April 2024 with $872 billion in assets serving more than 7 million participants—or one in every 25 workers in the United States. Our series of ...

ATLANTA — More than 6 million Americans, including tens of thousands of them here in Georgia, have their retirement savings in the federal Thrift Savings Plan. It’s essentially the 401K for federal ...

While taking a loan from a TSP account may be a simple solution, it is important to understand the long-term reasons a service member may want to avoid doing so. The most significant reason to avoid ...