TSP What is it for?

So you have to ask yourself, what is the purpose of this TSP? Is it for income? Is it for safety? Is it for growth or is it for estate planning? Is it for growth or is it for estate planning?

If it is for income or growth?

Maybe it’s time to do an in-service rollover.

If you happen to be in a position where you’re approaching retirement or already retired, you may not have known this, but you can actually do what’s called an in-service rollover where you can take your earnings off the poker table and you can put it into something specifically designed for income, specifically designed for growth, specifically designed for long term care planning, specifically designed for death benefit.

You can take your money out of it and keep contributing to your TSP while you’re working and finishing up your working years. And you can basically put it into something safer, put it into something that’s going to grow and compound, but still have saved your principal.
#retirement #finanancialadvisor #retirementplanning #wealthmanagement