{"id":6349,"date":"2024-10-20T07:43:56","date_gmt":"2024-10-20T07:43:56","guid":{"rendered":"https:\/\/finderica.com\/tsp-launches-growth-potential-tool\/"},"modified":"2024-10-20T07:43:56","modified_gmt":"2024-10-20T07:43:56","slug":"tsp-launches-growth-potential-tool","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=6349","title":{"rendered":"TSP Launches Growth Potential Tool"},"content":{"rendered":"<div>\n<p>\u00a0<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-41497\" src=\"https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/grow-with-tsp.png\" alt=\"\" width=\"547\" height=\"238\" srcset=\"https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/grow-with-tsp.png 547w, https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/grow-with-tsp-300x131.png 300w\" sizes=\"auto, (max-width: 547px) 100vw, 547px\"><\/p>\n<p>The Thrift Savings Plan launched a \u201c<a href=\"https:\/\/www.tsp.gov\/tsp-basics\/grow-with-the-tsp\/\" target=\"_blank\" rel=\"noopener\">Grow with the TSP<\/a>\u201d web page this week\u00a0 to highlight the potential growth that\u2019s possible in accounts.<\/p>\n<p>\u201cTime is the greatest ally when investing, and the sooner you invest, the more your money can earn for you,\u201d the TSP said. \u201cSee how $1 can grow over different time periods, learn about the powerful ingredient that makes it work, and view related graphics.\u201d<\/p>\n<p><span style=\"color: #800000;\"><em><strong>SEE ALSO:<\/strong><\/em><\/span><\/p>\n<h2>Turn Every $1 into $10<\/h2>\n<p>\u201cEvery $1 you invest in the TSP can grow to $10 in 35 years\u2014without you needing to do anything else,\u201d the TSP said. \u201cThanks to compound interest, $1 can grow to $10 after 35 years completely on its own. In other words, what you put into your TSP account can become ten times more by the time you\u2019re ready to take it out.\u201d<\/p>\n<p>The page illustrates how $1 invested today would grow to $10 in 35 years at an average 6.8 percent rate of return.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-41493\" src=\"https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/tsp-growth-graphic.png\" alt=\"\" width=\"720\" height=\"667\" srcset=\"https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/tsp-growth-graphic.png 720w, https:\/\/www.myfederalretirement.com\/wp-content\/uploads\/2024\/10\/tsp-growth-graphic-300x278.png 300w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"><\/p>\n<p>The TSP growth tool includes other items for participants to know, including how agency matching funds work, the importance of considering Lifecycle (L) funds, and the pros\/cons of investing in Traditional or Roth TSP accounts.<\/p>\n<p><strong>The \u201cGrow with the TSP\u201d can be found here:<\/strong><br \/><a href=\"https:\/\/www.tsp.gov\/tsp-basics\/grow-with-the-tsp\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tsp.gov\/tsp-basics\/grow-with-the-tsp\/<\/a><\/p>\n<p>\u00a0<\/p>\n<p><span class=\"cp-load-after-post\"><\/span><\/div>\n<p><a href=\"https:\/\/www.myfederalretirement.com\/tsp-growth\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The Thrift Savings Plan launched a \u201cGrow with the TSP\u201d web page this week\u00a0 to highlight the potential growth that\u2019s possible in accounts. \u201cTime is the greatest ally when investing, and the sooner you invest, the more your money can earn for you,\u201d the TSP said. \u201cSee how $1 can grow over different time<\/p>\n","protected":false},"author":2,"featured_media":6350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[348],"tags":[735,1081,1082,1083,443],"class_list":{"0":"post-6349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-retirement","8":"tag-growth","9":"tag-launches","10":"tag-potential","11":"tag-tool","12":"tag-tsp"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/6349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6349"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/6349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/6350"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}