TSP vs IRA Understanding the Key Differences and Benefits
Understanding the differences between the Thrift Savings Plan (TSP) and Individual Retirement Accounts (IRA) is essential when planning for retirement. Federal Pension Advisors offers expert guidance on these popular retirement savings options. The TSP, tailored for federal employees and military personnel, provides low-cost investment options and matching contributions. In contrast, IRAs, available to everyone, offer a wider range of investment choices and greater flexibility.