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The Thrift Savings Plan (TSP) is a vital retirement savings and investment initiative designed specifically for Federal employees and members of the uniformed services, including the Ready Reserve. Established by Congress in 1986, the TSP mirrors the benefits of private sector 401(k) plans, providing participants with exceptional savings and tax advantages.

The TSP offers an array of investment options that cater to different financial goals and risk tolerances, including individual funds and Lifecycle Funds (L Funds) that automatically adjust to your risk profile as retirement approaches. The plan equips users with tools such as online calculators for estimating retirement income, contribution planning, and managing investments.

In addition to investment resources, the TSP features vital services like account management, loan options, and guidelines for withdrawals, ensuring that participants can navigate their financial future securely. With the introduction of provisions from the SECURE 2.0 Act in 2022, the TSP continues to evolve, committed to maximizing the financial well-being of its members for a secure retirement.