TSP vs IRA Understanding the Key Differences and Benefits

When planning for retirement, understanding the differences between the Thrift Savings Plan (TSP) and Individual Retirement Accounts (IRA) is crucial. Federal Pension Advisors offers expert insights into these two popular retirement savings options. The TSP, primarily for federal employees and military personnel, offers low-cost investment options and matching contributions. On the other hand, IRAs, available to the general public, provide a wider range of investment choices and greater flexibility.