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The case for leaving your money in the Thrift Savings Plan after retirement.
Retirement Counseling and Training www.retirefederal.com
The Thrift Savings Plan, without question, has become a very popular and trusted place for federal employees to save for their retirement. The numbers speak for themselves:
Plan assets climbed to $710 billion in December 2020 and the total number of participants reached 6.2 million.
There are 3.6 million Federal Employees Retirement System participants, with an average account balance at the end of 2020 of $164,000.
There are 287,000 Civil Service Retirement System participants, with an average account balance at the end of 2020 of $175,000.