0
A plan which is more economical and reduce splurging your money, a plan which require less investment of funds. Was that information useful, please let me know.
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoIt is a federal employee's equivelent of a 401k plan. Money is deducted to their pay checks and put into a retirement fund. This is what the Thrift Savings Plans or TSP is.
Add your answer:
Earn +20 pts
Is Thrift Savings Plan protected under bankruptcy?
No..
Where are the headquarters of Thrift Savings?
The Headquarters of Thrift Savings is in Washington USA - It is a government run savings plan for government employees including armed forces personnel
What is the difference between the Thrift Savings Plan and FERS?
FERS is a retirement system that includes both a small defined benefit plan and a defined contribution plan. The Thrift Savings Plan is the defined contribution plan used in FERS.
Who is the thrift savings plan designed for?
In order to be eligible for he Thrift Savings Plan, you have to be a full time employee of the federal government. Beneficiaries can take over the account if one family member passes away and their share is over $200.
What is required to set up a thrift savings plan?
You must obtain consent from your spouse. And if you are married they will contat your spouse about the thrift savings plan. If you end up getting a divorce and try to take some of the money , your spouse will also be contact for approval.
What is a thrift?
An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.
What is thrift bank?
Thrift Institution is the general term for savings banks, savings and loan associations, and credit unions
Can you claim an investment loss on my thrift savings plan?
No. You already got a write off, in advance, for the whole amount you put into the TSP. You can't have a second one.
What is a thrift deposit?
An organization formed for the purpose of holding deposits for individuals; examples include savings banks and savings and loans.
How do you avoiding Thrift Savings Plan loans being reported as taxable income?
Your best course of action is to speak to an accountant. There is a huge difference, legally, between tax avoidance and tax evasion.
What are some benefits of shopping at thrift shops?
Thrift shops offer massive savings on items and wares. As well, it is likely that a customer would find something unusual or out of the ordinary while shopping at a thrift shop.
Which of the following are advantages to Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan?
Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan benefit from matching contributions from the government, portability of funds upon separation from the military, and the option to contribute their own funds to further grow their retirement savings.
