TSP, the Thrift Savings Plan, is a retirement investment program offered to federal employees and members of the United States military including members of the Ready Reserve. TSP is what financial planners describe as a defined-contribution plan. Some feel the features of TSP resemble a private-sector 401(k) retirement plan. Employees may be eligible for employer contributions, and many of the plan's investment options allow you to diversify … [Read more...]
How much should I save for retirement?
Retirement. It is this mythical life event that I continually hear about at work, but something at I don't think all that much about since I am so very many years away from it. But I should be planning. Now is the most important time to be saving for retirement. So I put money into my 401k and I fund my Roth IRA every year. But really, how much should I be saving? I decided to ask Google. (Amusingly, when I started to type "how … [Read more...]