CHAPTER V UNDERSTANDING THE FEDERAL THRIFT SAVINGS PLAN (TSP)
“An Investment in Knowledge Pays the Best Interest.” U.S. FOUNDING-FATHER, INVENTOR, BENJAMIN FRANKLIN
Getting the Most Out of Your TSP There are many 401(k) retirement plans offered by employers in the U.S., but most pales in comparison to the federal Thrift Savings Plan better known as TSP. TSP functions similarly as many private 401(k) plans but offers several advantages that are not offered by other retirement plans. Although this chapter will focus on the federal TSP, many of the functionalities of the plan can be applied to other retirement saving 71
