The Pros and Cons of Thrift Savings Plans
So what are Thrift Savings Plans or TSP’s? It’s a savings plan for both current and retired federal employees and was created in 1986 by the Federal Employees Retirement System. The TSP program is designed to give federal employees the same benefits of a 401(k) plan that private sector employees receive. It’s simple, and all contributions made to a TSP plan will be directly deducted from the employee’s paycheck. There are six different types of […]