The new, improved TSP: What does it mean for you?

Your Turn

The new, improved TSP: What does it mean for you?

The Federal Government's in-house 401(k) plan -- the TSP -- is changing. How will it affect you? Find out when financial Arthur Stein joins host Mike Causey o...

Mike Causey@mcauseyWFED

December 12, 2017 5:00 pm

< a min read

When they leave or retire from the government, just over half of Thrift Savings Plan participants move most or all of their TSP balances someplace else.

This despite the fact that the TSP has some of the lowest administrative fees in the business and is subject to oversight by the Treasury, the Labor Department and many if not most members of Congress — and their staffs — belong to the TSP and have keen interest in seeing it does well.

But now that Congress has authorized a modernization of the TSP, many suspect that it will be more attractive to feds when they leave or retire and that they will stick with it.

Financial planner Arthur Stein will explain why when he joins host Mike Causey on this week’s Your Turn. He will also talk about how the changes implemented under the TSP Modernization Act will affect you.

You can listen live at www.federalnewsradio.com or at 1500 AM in the D.C. area. If you have questions for Art Stein, send them to me before showtime at: mcausey@federalnewsradio.com.

Mike Causey

Mike Causey is senior correspondent for Federal News Network and writes his daily Federal Report column on federal employees’ pay, benefits and retirement.

Follow @mcauseyWFED