A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

When most current federal employees retire from government, they will have three different sources of retirement income: the Federal Employees Retirement System basic benefit, a Social Security ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401 (k)-equivalent retirement account for Federal employees. H.R. 3031 ...

Both Roth thrift savings plans (TSPs) and Roth individual retirement accounts (IRAs) can offer significant tax advantages and the potential for tax-free growth, but they cater to different needs and ...