Amelia Brust/Federal News Network

Are TSP investors — especially retirees — playing it too safe with G fund investments?

Because the Thrift Savings Plan’s G fund never goes down, in other words it is “safe.” But that also depends upon what you mean by “safe.” When is…

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(AP Photo/Elise Amendola)FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million  via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)

The TSP’s fast-growing self-made millionaires club

Thanks to the booming stock market the number of federal-postal workers with $1 million or more Thrift Savings Plan accounts jumped to 49,620 at the end…

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(AP Photo/Elise Amendola)FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million  via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)

So why aren’t you a TSP millionaire?

Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?

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How to become a TSP millionaire in 2020

Just about everybody knows the stock market is long overdue for a correction of 20% or more — maybe a lot more.

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