Statistics show that people are living longer, healthier lives. It's possible that you could spend two, maybe three decades in retirement. You'll need your TSP account to provide you with current income when you need it and continuous income to last your entire lifetime.
Your TSP Asset Allocation
Remember, after you leave Federal service, you will not be able to continue making contributions to your TSP account. However, you will be able to use interfund transfers to redistribute the money that is in your account among the available fund options. Visit Investment Funds to learn about all of the TSP funds, their features, and past performance.
An Ongoing Process
While you are in retirement, it's important to monitor your financial situation. On a regular basis, you should:
- Review your investment experience and your TSP balance.
- Assess your current income needs.
- Consider your risk tolerance and make any necessary changes to your asset allocation.
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It’s a common question: how in the heck is Basic Allowance for Housing (BAH) calculated? It’s particularly frequent during this time of year, as we wait for the new year’s BAH rates to be announced in mid-December. On the surface, it often seems that the BAH rates make no sense. In fact, they are very […]