A thrift savings plan, or TSP, is similar to a 401K except it’s designed for government employees and members of the military. If you’ve just started a government-type job and need additional information on a thrift savings plan in Macon, GA, the right financial advisor can help.
A TSP is a great tool when you’re planning for retirement, partly because tax benefits are involved. In other words, you’re not taxed on the money you put into your TSP until you’re older and start to withdraw from it.
A Good Way to Save for Retirement
Saving for retirement may seem complicated, but it doesn’t have to be that way. In fact, with an experienced retirement income planner, you can be more prepared for that day if you start early and visit your planner frequently. In addition to a TSP, you have other tools that help you save more money. In fact, a very diversified portfolio is usually the best way to go if you want to make sure that you have enough money to live on once you do finally retire.
Consider All Your Alternatives
People save and invest for the future in many different ways, depending on their goals and how comfortable they are investing a certain amount of money. While finding the right thrift savings plan in Macon, GA, is easy, you owe it to yourself to consider all retirement tools and combine them so you are even more likely to be ready for retirement when the time comes.