14 Differences between TSP & IRA TSP vs. IRA: Both are retirement accounts, both offer a Roth and a Traditional option, yet there are many important differences. Here are 14 differences Contribution Amounts (2022): TSP allows $20,500 annual contributions while IRAs only allow $6,000. Furthermore, TSP allows an additional ‘catch-up’ contribution of $6,500 starting the year you
September 2022 TSP Planning Report: Facts: The G Fund rate for September 2022 increased to 3.375% It was 2.75% last month. The Fed Funds interest rate increased to 3.25. It was 2.5% in August. In June in was 1.65%, and 0.9% in May. The Fed anticipates 1 more rate increase this year, in November. This month’s unemployment rate increased
TSP Planning Report 2022 Facts: The G Fund rate for August 2022 dropped to 2.75%. It was 3% in July. The Fed Funds interest rate increased to 2.5%. In June in was 1.65%, and 0.9% in May. The Fed anticipates more rate increases over the remainder of this year. This month’s unemployment rate dropped slightly
June 2022 TSP Planning Report: Facts: The G Fund rate for June 2022 remained at 3%. The Fed Funds interest rate increased to 1.65% from last month’s 0.9%, and they anticipate more rate increases over the remainder of this year. This month’s unemployment rate remained unchanged, at 3.6%. PMI (Purchasing Managers Index) continued to expand
TSP Planning Report May 2022 May 2022 TSP Planning Report: Facts: The G Fund rate for April 2022 was increased to 3% , from April’s 2.5%. The Fed Funds interest rate increased to 0.9% from last month’s 0.5%, and they anticipate more rate increases over the remainder of this year. This month’s unemployment rate remained unchanged, at
April 2022 TSP Planning Report: Facts: The G Fund rate for April 2022 was increased to 2.5% , from March’s 2%. This month’s unemployment rate decreased from 3.8% to 3.6%. PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at 57.1, compared to last month’s 58.6.
TSP Planning Report March 2022 Facts: The G Fund rate for March 2022 was increased to 2% , from February’s 1.825%. It was 1.325% in March 2021. This month’s unemployment rate decreased from 4% to 3.8%. Unemployment was at 6.2% a year ago, in Feb 2021. PMI (Purchasing Managers Index) continued to expand (any reading
TSP Planning Report January 2022 Facts: The G Fund rate for January 2022 was set at 1.625%. This month’s unemployment rate decreased from 4.2% to 3.9%. Unemployment was at 6.3% in January 2021. PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at
December 2021 TSP Planning Report: Facts: This month’s unemployment rate decreased from 4.6% to 4.2%. Unemployment was at 6.3% in January 2021. PMI (Purchasing Managers Index) continued to expand (any reading above a score of 50 means expansion). This month’s reading came in at 61.1, compared to last month’s 60.8. The S&P 500 (C Fund) decreased .69%
Q&A – Accessing your TSP at age 55 Question Stephen, I was in one of your classes earlier this year and have a question if that is OK. I am retiring the end of December just over MRA at 57. I have 33 years of service. I plan to take the Social Security Supplement. It
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