Fed Legacy

Hey Federal Employees!

Are you on track for a stress-free retirement? In this video, we discuss 5 key mistakes to avoid when it comes to your TSP, so you can retire with confidence.

Here's a quick rundown of the 5 mistakes:

Lifetime income annuity without the cash refund option: This may seem like a good way to guarantee income for life, but it means your family won't inherit any leftover money. Consider other options that give you more flexibility.

Limited investment options: The TSP offers only a few funds, which can make it hard to achieve consistent growth. You may want to consider rolling over your TSP into an IRA for more investment choices.

The G Fund isn't always safe: While considered safe, the G Fund's returns may not keep up with inflation over time. You'll need to invest in other assets to grow your retirement savings.

No contributions after retirement: Once you retire, you can no longer contribute to your TSP. Consider opening an IRA to keep saving for retirement.

Only one withdrawal per month: Accessing your TSP funds can be inconvenient, with only one withdrawal allowed per month. An IRA offers more flexibility in accessing your money.

If you're looking to avoid these mistakes and make the most of your TSP, be sure to watch the full video for more detailed explanations and tips. We'll also guide you through our TSP Finish Line process to help you plan for a stress-free retirement.

Don't forget to share this video with any federal employees you know who are also planning for retirement!

We hope this helps!

Sincerely,

The Fed Legacy Team

P.S. Subscribe to our channel for more helpful tips on retirement planning!

9 months ago | [YT] | 0