The Federal Retirement Thrift Investment Board, which administers the TSP, reported in 2024 that the plan had a "record year," with $986 billion in assets under management and approximately 7 ...

The investments of the federal government’s 401 (k)-style retirement savings program encountered a setback last month, as all but one of the Thrift Savings Plan’s portfolios lost value in ...

The Thrift Savings Plan is the federal government’s defined contribution retirement savings plan. It consists of a traditional option similar to a 401 (k) and a Roth option.

A thrift savings plan is considered a qualified retirement plan. This means it meets IRS requirements for tax-advantaged retirement savings plans, similar to a 401 (k) plan.

Learn about the federal government's Thrift Savings Plan, or TSP, a retirement plan for its employees. As with a 401(k), contributions and earnings are tax-deferred.

With over $845 billion across more than 7 million participants at the end of 2023—including 116,000 TSP millionaires—the US Government’s Federal Thrift Savings Plan stands as the world’s ...

The Thrift Savings Plan also offers Lifecycle Funds, similar to target-date funds. For example, these 10 “L” funds are a diversified mix of the plan’s five core funds. Currently, these 10 funds range ...

The Thrift Savings Plan was rolled out in 1986 as part of the Federal Employees’ Retirement System Act of 1986, and was structured to offer similar benefits to a 401 (k) plan, “including tax ...

Roth Thrift Savings Plan If you choose a Roth TSP account, you contribute after-tax dollars. So, in the previous example, you earn $100,000 per year and pay taxes on that $100,000.

Currently, there are about 6.2 million Thrift Savings Plan account holders. In this column, I will be reviewing the basics of this plan, its recent changes and how to use its features to your best ...