The Thrift Savings Plan

The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the uniformed services in the United States. It operates similarly to a 401(k) plan, allowing participants to contribute a portion of their salary to retirement savings, often with employer matching contributions. The TSP offers various investment options, including government securities and stock investments. This plan aims to help individuals build a secure financial future after their careers by providing a tax-advantaged way to save and invest for retirement.