Mike Causey asked Abraham Grungold, a 34-year civil servant, why so many TSP investors have account balances that are so relatively small?
Just about everybody knows the stock market is long overdue for a correction of 20% or more — maybe a lot more.
Fans of the Thrift Savings Plan hope new withdrawal rules encourage more people to stick with it when they move to another job or retire.
A growing number of Thrift Savings Plan investors are nervously wondering how much longer the current bull market will last, and can last.
Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.
There were 5.6 million accounts in the TSP at the end of September. A few were just born in the right family but the majority are self-made.
While people are fascinated by the TSP Millionaires Club, the real question is where does your account rank in value?
So how’s the retirement nest egg you’re building one paycheck at a time going?
Federal-military-Social Security retirees are hoping for a January 2020 cost of living adjustment, which is nice but not as nice as the days of 8% or 9% yearly increases.
Most of the 34,000 active and retired feds with million-dollar-plus Thrift Savings Plan accounts got there by keeping cool. Most have been steady investors for decades.