TSP changes that you need to know 

The Thrift Saving Plan (TSP) has recently launched new features and made several changes. Listed below are some highlights that you need to know:

• All TSP participants must set up a new login for their TSP account by visiting tsp.gov. This one-time setup process will ask you to verify your identity, create a username and password, and set up account security authentication.
• Once you are logged onto TSP, ensure that your beneficiary designation is accurate and current in My Account. Beneficiary information can now be submitted online through a tool in My Account. For more information on Beneficiary changes, please visit the Summary of Changes page.
• There is a TSP mobile app available for download onto your personal device. The app will give you the ability to check your account summary, track investments, make transactions requests, and more.
• TSP has also added a new investment option through the TSP mutual fund window. TSP participants interested in this investment option should be aware of the requirements and fees associated with the mutual fund window. For more information on the TSP mutual fund window, please review this fact sheet.

For a detailed summary of the TSP enhancements, please go to Summary of Changes or to register for TSP Webinars.

For additional information and resources for the Personal Financial Management Program, contact your nearest Personal Financial Manager (PFM) located at each Health, Safety, and Work-Life Regional Practice (HSWL-RP) or your Unit Command Financial Specialist (CFS).

In The News: 

• Coast Guard Financial Readiness Training: What it means to be ‘vested’ in The Thrift Savings Plan (TSP)
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