Join fellow FERS retiree, Elizabeth Inman for part one of this 5-part series on how Federal & Postal Employees can become a Thrift Savings Plan (TSP) Millionaire .
In part one, we start with some foundational information and give you an update on how the TSP funds are currently performing. The FERS retirement system can be likened to a three-legged stool, the FERS pension, social security and the Thrift Savings Plan. Most federal & postal employees understand how pensions, and social security work. The Thrift Savings Plan represents 1/3 of your retirement and there are many options to maximize your return, but there's also dangers to be avoided.
If you do not know what to do, then this podcast series is for you.
00:00 Introduction
00:54 The FERS Retirement System Explained
08:21 Thrift Savings Plan: February 2023 performance
11:35 TSP Tidbits...
13:20 You can be the next TSP Millionaire!