TSP vs IRA Understanding the Key Differences and Benefits

When planning for retirement, it is essential to understand the differences between the Thrift Savings Plan (TSP) and Individual Retirement Accounts (IRA). Federal Pension Advisors provides expert insights into these two popular retirement savings options. The TSP, designed for federal employees and military personnel, features low-cost investment options and matching contributions. Conversely, IRAs, accessible to the general public, offer a broader range of investment choices and greater flexibility.