Welcome to TSP Strategies

Welcome to TSPstrategies.com! This Web site is dedicated to exploring the benefits of saving and investing in the Thrift Savings Plan.

The companion book, TSP Investing Strategies: Building Wealth While Working for Uncle Sam, lays out a simple set of strategies for long-term, buy-and-hold investors to consider while investing in the TSP. This Web site and accompanying blog will build on those concepts, while focusing on new investing options and developments related to the TSP.

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TSP Calculators

What May My TSP Be Worth?

It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your TSP plan. Use this calculator to estimate how much your plan may accumulate for retirement.

What Is The Impact Of Early Withdrawal From My TSP?

Many people feel the need to withdraw funds from their TSP plan due to hardship or other emergency. Use this calculator to help determine the impact of lost contributions and retirement funds due to early withdrawal.

How Much Retirement Income May My TSP Provide?

It may surprise you how significant your retirement accumulation may become simply by saving a small percentage of your salary each month in your TSP plan. Further, it may be useful to estimate your future monthly income generated by these savings and what that means in today’s dollars. Use this calculator.

Compare a Roth TSP to a tax-deferred TSP

Your retirement income can vary widely depending on what type of account holds your savings and what assumptions you make about return and tax rates during the accumulation and withdrawal periods. Use this calculator to help compare employee contributions to the new after-tax Roth TSP and the current tax-deductible TSP.

What Is The Impact Of Borrowing From My TSP?

Some qualified retirement plans include the option for qualifying participants to a take a loan against their retirement account balance. Many people borrow from their retirement plan to pay off high-interest debt or to make a major purchase. Although the borrowing rates may be favorable, usually 1-2% above the prime rate, the impact on future retirement earnings needs to be taken into account. This calculator can help you make a more informed decision about whether a loan is the right approach for your financial situation.

During the loan repayment period, if you elect to suspend ongoing contributions to the plan, your future retirement account balance may be further impacted. This analysis does not take into account any loan initiation fees that might apply. It also does not consider the impact of taking a withdrawal from the plan for financial hardship (purchase of a primary residence, college tuition, funeral expenses, etc.). Contact your plan administrator for details on the loan and withdrawal options available to you. Use this calculator.

What Is The Value Of Reducing, Postponing or Foregoing Expenses?

Use this calculator to help determine what you could accumulate by reducing or eliminating discretionary monthly expenses.

Restructuring Debts For Accelerated Payoff

The quickest way to retire your debt is to 1) determine what your total debt payment is now, then 2) sort your debts from highest interest rate to lowest, then 3) continue to make the same total payment amount except pay Minimum Payments on all debts except the highest rate debt, then 4) once the highest rate debt is paid off apply those new savings to the next highest rate debt and so on. Use this calculator to determine the interest and time saved using this ‘Roll-Over’ technique along with the potential increase in savings once all the debts have been paid off. The calculator will sort the debts for you when completing the analysis. You may also apply an extra amount to the total payment to accelerate debt payoff even further. Use this calculator.

How Do Taxes and Inflation Impact My Investment Return?

Taxes and inflation can have a dramatic effect on the growth of an investment. Use this investment return calculator to determine the impact taxes and inflation can have on the purchasing power of your investment.

How Long Until My Savings Reach My Goal?

Compound interest can have a dramatic affect on the growth of a single deposit. Use this calculator to determine how many years an existing savings account will take to reach your stated objective.

Which Is Better, Comprehensive Plan Or High-Deductible Plan With HSA?

Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003. HSAs are a form of medical savings account that must be accompanied by a high-deductible health insurance plan. HSAs allow individuals/employers to set aside money on a pre-tax or tax-deductible basis and then withdraw the money tax-free to pay qualifying medical expenses. Use this calculator to help compare a traditional, low-deductible health plan to a high-deductible health plan accompanied by an HSA to cover out-of-pocket expenses.