Editor's note: An earlier version of this article incorrectly said Roth TSP distribution may not be subject to income tax and a 10% penalty under certain circumstances. Tax-free Roth Thrift Savings ...

Think about it: How many times has your address changed since you’ve started contributing to the TSP? If you’re like many of your fellow military members, you’ve probably PCS’d more than a few times.

The Thrift Savings Plan is a workplace retirement plan for federal employees and military service members (including active-duty military, reserves and National Guard) that is very similar to a 401(k) ...

So, you’re filing taxes after your first year of retirement, feeling good about your anticipated refund. Now that you’ve switched from your salary to a pension, you must be paying significantly less ...

A thrift savings plan (TSP) is a retirement savings program specifically designed for federal employees and members of the military. TSPs are considered qualified retirement plans, and this status ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

The US federal government’s Thrift Savings Plan ended April 2024 with $872 billion in assets serving more than 7 million participants—or one in every 25 workers in the United States. Our series of ...

Representative Jen Kiggans, R-Virginia, introduced on Monday the Financial Opportunities for Retirees and Warriors Advancing Retirement Development Act, a bill aimed at allowing certain military ...

The Thrift Savings Plan (TSP) will offer participants the option to convert their traditional investments to Roth status ...

The Thrift Savings Plan posted a notice on its website warning account holders away from an unsanctioned smart phone application. According to TSP, the Apple App Store lists a free iPhone application ...

Question: “I am a retired federal employee after 35 years of service. I currently have $900k in my TSP account and receive my monthly annuity and Social Security. My house is paid off and the monthly ...

Every week, Allworth Financial’s Amy Wagner and Steve Hruby, CFP ®, answer your questions. If you, a friend, or someone in ...