Ask Terry Questions U. S. Government Thrift Savings Plan (TSP)

U. S. Government Thrift Savings Plan (TSP)

By Terry Savage on August 15, 2015 |

I am a retired federal employee with no social security earnings went right into the Marines after High School, then college on the GI bill then federal government so I have a nice Civil Service Retirement payment but I also was able to contribute to the Thrift Savings Plan when it was open to CSRS employees. I have a little over $200,000. in the Life fund 2030 should I leave it there of move it to another life fund, or even to a F, G, S, I, account?

My wife & I enjoyed your presentation at Crystal Garden a few weeks ago & look forward to attending another of your seminars.


Terry Says:  Please read my recent column about “target date” funds (go to my website, click on the green box for my HuffingtonPost archives, and scroll down until you get to the complete column list).  There’s nothing inherently “wrong” about target date funds (which is what your Life 2030 fund it) but it is sort of a “one size fits all at your age” kind of investment.  It tends to lull you to sleep, thinking that “they” will make all the appropriate changes.

One other issue, you say you are retired — but you have a 2030 dated fund.  That’s designed for those who will retire in 15 years — and probably has more risk than you want to tolerate, because it makes the assumption that you will keep making contributions (thus buying stocks at lower prices if the market falls).   I don’t know your entire situation, how much other savings you have, why you are retired at an early (?) age, and if you plan to keep working, and perhaps participate in another retirement plan or open an IRA.   So it’s hard to advise you without knowing all those facts.

I suggest you might want to go to and search out a financial planner who is not trying to sell you anything, but can give you an overview of any issues you may be missing.

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