The Thrift Savings Plan ... you can contribute another $7,500 each year. Depending on which retirement plan you are under, ... That means you don't pay taxes on the money until you take it out.

The law set up a system that’s been compared to a three-legged stool, because it consists of three components – Social Security, a relatively small pension, and the Thrift Savings Plan, a tax ...

Image source: Thrift Savings Plan. The Thrift Savings Plan is the retirement plan for most federal workers. Similar in many ways to the 401(k) plans that private employers offer, the Thrift ...

Let's say a worker has $100,000 invested in the Thrift Savings Plan. Even if she rolled her money into the cheapest comparable ETFs on the market, she would still spend $54 more in fees each year ...

The Thrift Savings Plan (TSP) is a retirement plan offered for active members of the armed services. Despite having some of the same advantages of a 401k or IRA, less than 50% of active duty ...

Many articles about retirement planning focus on 401(k)s, but federal employees and members of the military save for retirement with a different kind of account: the Thrift Savings Plan, or TSP.

You can roll your 401(k) money into the Thrift Savings Plan, which may be a good idea because it has incredibly low fees (18 cents to 19 cents a year for every $1,000 invested for most of the ...

So, for example, if John starts out with $500,000 and takes out $18,248.16 (a little more than $1,500 per month) in the first year, he still has more than $481,000 left in his account.

This year marks the 30th anniversary of the TSP, a plan that can help prepare you for retirement. This retirement plan functions much like a 401(k) and is available to both federal employees and ...

Most experts agree that taking money out of your TSP (or any tax-free or tax-deferred) retirement account before you turn 59½, the normal minimum distribution age, isn't smart.

As of the end of 2019, 56 percent of service members in the BRS were contributing at least 5 percent of their basic pay or inactive duty pay to their TSP, said DoD spokeswoman Lisa Lawrence.