Jeremy: What is the Thrift Savings Plan? It's often referred to as the TSP.
It was actually established by Congress in 1986. It's a defined contribution plan and it's specific to federal employees. You can't get this anywhere else. It's a tax-deferred retirement savings plan. It's very similar to a 401(k) plan in a private industry or a corporate world. It's fully determined by what you contribute. There are obviously agency matchings and things like that we'll go over, but it is what you make it.
United Benefits has assisted thousands of federal employees on several impactful topics. We can help you, too. Ask us anything!
Click here to request a consultation and talk one-on-one with a representative about the options available to you.