Understanding the biggest benefit of the TSP Modernization Act
By now you have probably heard of the TSP Modernization Act. If you have done a little bit of homework and reading up on it, you may have realized there are many changes being implemented. While many others are talking about the various options now available to you, there is something very important that could potentially change your entire retirement outlook that many people aren’t paying attention to.
Let’s first take a step back to understand why the TSP Modernization Act was passed. Many Federal employees have been complaining for years that their colleagues in the private sector had a larger range of investment and withdrawal options. Years of exit interviews and surveys later, this new Act addresses these specific limitations of the TSP.
So, what does this mean for you?
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[Article by Myra Boneta-Lisbeth and Mo Hasan]