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Stick to Your TSP Savings Plan

By Miriam Darden Settles, CFP, Federal Retirement Thrift Investment Board
Source: http://www.militarysaves.org/

The July 2009 article "How do I figure out what to do with the money in my TSP account once I start making contributions?" outlined the things you should consider as you formulate your retirement investment strategy.

Once you've established your retirement goals and a savings strategy that fits your needs, you'll likely have the best results if you stick to your plan.  Don't get sidelined by distractions.  Make adjustments to your strategy only after careful consideration.

Avoid Chasing Returns

Short-term market volatility can cause you to question your tolerance for risk.  It's always a good idea to periodically ask yourself whether your retirement portfolio properly reflects your willingness and ability to take risk.   But if you are certain about the amount of risk you can tolerate, don't allow short-term market movements to steer you off course.

(Continued - 2nd Article in Newsletter)

 

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