Fri. Mar 1st, 2024

TSP and the magic of compound interest

December 8, 2023

READ FULL ARTICLE AT » Government Executive

Have you ever wondered if the president of the United States is eligible for a TSP account? According to Kim Weaver, director of external affairs for the Federal Retirement Thrift Investment Board, by virtue of his time in the Senate, President Biden could have a TSP account, however, that information is not public information.

What is public is the number of TSP millionaires: 94,873. It may also surprise you that the majority of the TSP’s 6,887,247 participants have less than a $50,000 account balance as of Sep. 30.

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