What Is TSP?




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.


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Topics: Video, TSP, Thrift Savings Plan, Federal Employee Retirement

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