Well, hello there
Welcome to the first issue of the Thrift Savings Planner, a quarterly update from your Thrift Savings Plan. In each email, you’ll find Plan updates, important reminders, and valuable topics to help you achieve your TSP savings goals.
Thanks for taking a look!
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Second quarter statements available online now
You can view your second quarter 2019 account statement when you log into My Account on tsp.gov. This statement covers your April 1 - June 30, 2019, account activity.
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Take stock of your investments
When it comes to investing, there’s no such thing as “set it and forget it.”
Saving consistently and staying the course have proven successful
for many investors like you. And it’s equally important to review your strategy every so often to make sure your choices still align with your goals.
That means you should check your Account Distribution and your Contribution Allocation, both available as convenient pie charts in My Account and on your statements. Then make sure those choices still work for your situation. Even if you don’t need to make a change, you can rest easy knowing you’re on the right track for you.
And if you do decide to make a change? You’ll find step-by-step instructions on how to complete those requests under “Online Transactions” when you log into My Account.
Learn about your “time horizon,” diversification, and how to meet your retirement needs on tsp.gov.
The Lifecycle (L) Funds balance the potential for higher returns associated with investing in the stock markets with the need to safeguard your savings for retirement. You can choose your L Fund based on when you’ll need your money, and the funds will continually adjust for you as you get closer to your target date.
Did you know?
More than 2 million TSP participants invest in our L Funds.
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Starting in 2015, all new, automatically enrolled TSP participants began investing in the Lifecycle (L) Fund most appropriate for their age. Uniformed services members in the new Blended Retirement System also begin with L Fund investments.
When additional L Funds become available in 5-year increments
next year, you’ll be able to target the date you’ll need your money more closely.
Flexible withdrawals begin September 15, 2019
You asked, and we listened. Significant changes to TSP withdrawal rules and procedures go into effect on September 15, 2019. You can learn more about these changes and how they might benefit you in several ways:
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To prepare for this transition, we’ll stop accepting current versions of all TSP withdrawal requests one week before these new options become available. If you need to withdraw money before these changes take effect, we must receive your properly completed request by 11:59 p.m. on September 6, 2019.
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Protect your account
Keeping your account secure is an essential part of investing. You can help do that right now in three simple steps:
- Check to make sure your contact information is correct in
My Account.
- Validate your email address(es) and cell phone.
- Opt into two-step authentication.
Making sure your account is protected is our highest priority.
“20+ years in the private sector prior to federal service taught me that the TSP is unmatched for ease and fees.”
— Bridget, TSP participant of 12 years
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