What to Know About a Thrift Savings Plan in Macon, GA

One of the most important decisions that people make involves retirement income planning. People who are federal employees or uniformed services members can choose a Thrift Savings Plan in Macon, GA. This type of plan is called a TSP for short, and it offers flexibility and low fees. A retirement income planner can help people make the best choices for their future needs.

How it Works

A Thrift Savings Plan in Macon, GA, is only available to federal employees and uniformed service members. It is a defined-contribution plan that has some of the same benefits as retirement plans offered to people who work in the private sector, such as a 401(k).

People can get tax breaks for savings, or they can pay taxes and be free from taxes after retirement. There are flexible investing options and people can roll their 401(k) plans and IRAs into the TSP if they transition from the private to the public sector. People who move from the public to the private sector can transition from a TSP to an IRA or 401(k).

Investment Options

There are flexible investment options with a Thrift Savings Plan in Macon, GA. There are six different funds available, including a Government Securities Investment Fund, a Fixed-Income Index Investment Fund, A Common Stock Index Investment Fund, a Small Capitalization Stock Index Investment Fund, an International Stock Index Investment Fund, Specific Lifecycle funds, and a Mutual Fund Window.

Index funds are set up to give returns similar to the benchmark index that is corresponding. People can choose how to invest their money to help meet their retirement goals.

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