How This TSP Millionaire Ran Out of Money - And How Federal Employees Can Avoid

A family recently came to see us with a retirement plan that was failing. We took a look at what happened, and despite them being a TSP millionaire we found some serious mistakes in their retirement plan. These mistakes unfortunately cost them about $1 million dollars collectively in their Thrift Savings Plan (TSP) and other investments. Thiago Glieger discusses exactly what these mistakes were, and how federal employees can avoid making them too. Plus, at the end, he discusses how they may have been able to see it coming all along.

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0:00 Retirement scenario
1:12 Identifying first mistake
2:30 What they should have done instead
3:02 Issues with their distributions
5:17 Even more mistakes
7:39 Prevention
8:07 What-if planning
8:23 Even more information

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