TSP question (Military)?
What is the TSP exactly? Im a young soldier and I am trying to invest for my retirement. So what exactly is the TSP? Do you recommend it?
- cactusgeneLv 77 years agoFavorite Answer
TSP stands for Thrift Savings Plan and it is an option for active and retired military personnel to invest in a tax-deferred plan similar to a 401(k) plan in private employment and get some federal matching (free) contributions to boot. Here are links to the description, limits and how to get started in such a plan:
- ag318punLv 77 years ago
The TSP (Thrift Savings Plan) is one of the best ways
to invest for your future. The fees are tiny and the choices
are great. As a young person I would advise you to
pick out the ones that offer the best returns in the long run.
Stay away from the (F) and (G) funds because the returns
are to small. Best is the (C) (S) and ( I ) funds.