﻿ What You Need to Know About the Thrift Savings Plan-Kiplinger
What You Need to Know About the Thrift Savings Plan  Kimberly
Lankford  As the federal government becomes a good source of
jobs, more people are likely to be introduced to this
retirement-savings account for federal employees.  I invested in
my former employer's 401(k) plan for years, then lost my job. I
now work for the federal government and have the opportunity to
invest in the Thrift Savings Plan. How does this plan work, and
can I roll my 401(k) money into it?  The Thrift Savings Plan is
a lot like a 401(k) for federal employees and members of the
military, and many more people are likely to be introduced to it
over the next year or so, as the federal government becomes a
good source of new jobs in this economy.  As with a 401(k), your
contributions to the TSP lower your taxable income and grow tax-
deferred until retirement. Many federal employees get an
employer match (it generally depends on the retirement system
you belong to), although