Скачать с ютуб TSP 101: Thrift Savings Plan EXPLAINED in 15min | What you need to know about Benefits & Investing в хорошем качестве

TSP 101: Thrift Savings Plan EXPLAINED in 15min | What you need to know about Benefits & Investing

This video explains all you need to know about the Thrift Savings Plan (the TSP). It's a TSP 101 for those who want to better understand the TSP. I’ll answer these 3 main questions: (1) What do I need to know about the TSP? (2) What are the benefits of the TSP? & (3) What are my TSP investment options? BONUS At the end, I’ll share an AWESOME tool made by the TSP that will help you narrow down which funds to invest in. //TOPICS 00:00 Intro 01:40 What is the TSP? 02:15 What is the difference between the Traditional TSP and Roth TSP? 02:50 Should I contribute into the Traditional or Roth TSP? 04:12 What are the benefits of the TSP? 06:34 What are my TSP investment options? // MORE TSP RELATED VIDEOS How to invest in the TSP (2021 Strategies):    • How to Invest in the TSP   The 8 Financial Secrets of Working in Congress -    • Working in Congress | Must Know Finan...   // SAY HI Add me on Instagram: @Melissa_Dargan Twitter: @Melissa_Dargan // BUY THE EQUIPMENT Mic 🎤 : https://amzn.to/3lom59K // LINKS MENTIONED IN THE VIDEO TSP Funds - https://www.tsp.gov/funds-individual/ TSP Investment Fund Calculator - https://www.tsp.gov/how-to-invest/bef... //ATTRIBUTION Icons (Like, Subscribe, Bell etc): https://www.freeiconspng.com/ Photo Cred from Unsplash by Brooke Cagle, Blogging Guide, Sharon McCutcheon, Connor Hall, James Hose Jr., Austin Chan, Caleb Woods, Matthew T Rader, Kenny Timmer //CONTACT For all subscribers and business inquiries, please use this email: [email protected] // CONTENT What do I need to know about the TSP? The TSP is the federal government’s retirement plan. It is like a 401(k) plan but is open only to federal employees. It basically provides you an opportunity to save money for retirement that is in addition to any pension and social security payments. The TSP also has Traditional & Roth options. The Traditional TSP is tax-deferred. This means you make contributions to the TSP using pre-tax dollars, and pay taxes on your savings when you withdraw funds from the TSP at retirement. The other is a Roth TSP option, where you contribute using your post-tax dollars. This way, you won’t need to pay taxes on your investments when you withdraw. Should I put my contributions into the Traditional or Roth TSP? Both TSPs operate primarily the same way. The main difference is the timing of your taxes. What I chose: When I was an entry level staffer in Congress earning $28K, I figured my tax bracket was the lowest it was going to be (I mean, I assumed I’d be earning more down the road, right? Additionally I believed that I will need more to live off of during retirement since my retirement dream is to travel), so I chose to have my TSP contributions go into the Roth option. *** Keep in mind that the amount matched by your employer (up to 5% in Congress) automatically gets put into a traditional account. So you will pay taxes on that later. What are the benefits of the TSP? A HUGE TSP BENEFIT is contribution matching. This is basically FREE MONEY! Another benefit is Low Fees. The TSP has Low Administrative Costs (known as the Expense ratio) when compared to other retirement options. Why does this cost matter? Because over time, especially with large investments, administrative fees can eat into your investment big time. What are my TSP investment options? The TSP offers certain pre-packaged investment options. There are 6 parts. The quick overview of the 6 parts are: (1) Government Securities Investment Fund - “G” Fund (2) Fixed Income Index Investment Fund - “F” (3) Common Stock Index Investment Fund - C (4) Small Cap Index Investment Fund - S (5) International Stock Index Investment Fund - I (6) Lifecycle Funds - L Bottom Line Hoped this video helped provide the information and tools needed to better understand the Thrift Savings Plan (TSP). Ultimately, it's up to you to make the decision of what you invest in within the TSP investment. Good luck and may the investment force be with you! //DISCLAIMER The content on my YouTube videos and other social media platforms is for educational purposes only and is based on my personal opinion. It's not meant to be investment or professional financial advice. I am not a financial advisor, certified accountant or a tax professional. You should do your own research and speak to a licensed professional for financial or tax decisions if necessary. Remember that investments involve some form of risk and there is no guarantee that you will be successful in making, saving or investing money; nor is there any guarantee that you won't experience any loss when investing. Also, links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! #ThriftSavingsPlan #TSP #Retirement #RetireRich #GovernmentEmployee