The Thrift Savings Plan: Greatness Unrealized

reportActive / Technical Report | Accesssion Number: AD1175909 | Open PDF

Abstract:

The Thrift Savings Plan is an extremely valuable retirement savings program that is available to all military service members regardless of rank or service length. The TSP is able to take advantage of its size, scale, and regulatory benefits to leverage higher gains for its participants than are available in private 401 (k) plans and Individual Retirement Accounts. The higher overall gains and dramatically lower fees and expenses in the TSP can account for the potential of tens of thousands of dollars more in retirement. While participation by federal employees is near 90 percent, the TSP is severely under utilized by the United States Military. Less then half of the military participates in the plan and by making small program changes and improving the educational program regarding the plan, the Federal Retirement Thrift Investment Board can significantly improve military participation in the Thrift Savings Plan for the military.

Author(s):
Lilley, James J.
Author Organization(s):
MARINE CORPS UNIV QUANTICO VA
Funding Organization(s):
MARINE CORPS UNIV QUANTICO VA, QUANTICO , VA
Document Type:
Technical Report/Research Paper
Publication Date:
2015 Apr 28
Pagination:
29

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution Code:
A - Approved For Public Release
Distribution Statement: Public Release

RECORD

Collection: TRECMS
Subject Terms
Communities of Interest:
Biomedical
Descriptor(s):
united states, governments, new york, investments, new jersey, security, social security, demography, department of defense, information operations, universities, training, abstracts, executives, medicare, surveys
Keyword(s):
Thrift Savings Plan, Military Retirement, 401 (k), Individual Retirement Account
Subject Categories:
Behavioral and Social Sciences; Behavioral and Social Sciences; Behavioral and Social Sciences
Creation Date:
2022 Aug 03
Update Date:
2022 Sep 22