Lesson Description:

What are you goals for your TSP account? How do you establish goals for it? Which fund should you be invested in? This lesson will delve into the most important questions that employees and retirees have about TSP. Write down the most pressing questions you have and follow along in the video as we explore the most-asked questions we receive about TSP.

Materials and Instructions:

Page 11-25 of your All About FERS Student Workbook
Your TSP Statement
Simple calculator
https://www.tsp.gov/LifeEvents/career/enteringRetirement.html
https://www.tsp.gov/LifeEvents/career/seperatingFromGovService.html
https://www.tsp.gov/PlanParticipation/LoansAndWithdrawals/withdrawals/withdrawingAccount.html
https://www.opm.gov/retirement-services/calculators/federal-ball-park-estimator/

Recommendations:

There are 8 parts to this lesson:
- 0:00 - 5:12 - Page 11 of All About FERS Student Workbook - Pause the video and explore links.
- 5:13 - 8:39 - Learning how to read your TSP Statement
- 8:40 - 11:18 - Page 14 of All About FERS Student Workbook - an introduction to TSP’s investment philosophy which is the reason they introduced the L Funds.
- 11:19 - 24:38 - Page 15 - 16 exploration of why you might want to use the L funds.
- 24:39 - 24:58 - A brief introduction to the planning calculators on TSP’s website.
- 24:59 - 34:13 - Page 18 - 22 of All About FERS Student Workbook - Showing you how to use the Federal Ballpark Estimator, which tells you if you’re on target to have the income you need from FERS Basic Annuity, Social Security, and TSP.
- 34:14 - 39:47 - Page 23 - 24 of All About FERS Student Workbook - Learning new TSP withdrawal rules.
- 39:48 - end of lesson - Page 25 of All About FERS Student Workbook - TSP forms and materials you may want to use when you separate from federal service.

Knowledge Check:

[tqb_quiz id='989']

Lesson 25 – All About TSP Overview