Retirement Savings
Charles Schwab
Financial and Income Planning for Retirement
More than 30 years ago, Charles R. Schwab founded this firm with a clear mission: to empower individual investors to take control of their financial lives, free from the high costs and conflicts of traditional brokerage firms. His vision — to provide the most useful and ethical financial services in the world — continues to guide or values-driven approach to growth, client service, community involvement and employee development.
Whether you are saving for retirement, a second home, or your child’s education, Charles Schwab is here to help you. An experienced Schwab investment professional will work closely with you to create a customized roadmap to help reach your financial goals and provide tailored advice, backed by the power of Schwab's research approach.
FRTIB
Federal Retirement Thrift Investment Board
The Federal Retirement Thrift Investment Board (Agency) was established as an independent agency by the Federal Employees' Retirement System Act of 1986. It is one of the smaller Executive Branch agencies, with just over 80 employees. The Agency was established to administer the Thrift Savings Plan (TSP), which provides Federal employees the opportunity to save for additional retirement security. The TSP is a tax-deferred defined contribution plan similar to private sector 401(k) plans. The TSP is one of the three parts of the Federal Employees' Retirement System (FERS).
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees. Congress established the TSP in the Federal Employees' Retirement System Act of 1986. The purpose of the TSP is to provide retirement income. The TSP offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under "401(k)" plans. TSP regulations are published in title 5 of the Code of Federal Regulations, Parts 1600–1690, and are periodically supplemented and amended in the Federal Register. In the civilian component of the TSP, employees covered by the Federal Employees' Retirement System (FERS) and the Civil Service Retirement System (CSRS) can contribute to the TSP. The participation rules are different for FERS and CSRS employees. The TSP is a defined contribution plan. The retirement income that you receive from your TSP account will depend on how much you (and your agency, if you are a FERS employee) have contributed to your account during your working years and the earnings on those contributions. The contributions that you make to your TSP account are voluntary and are separate from your contributions to your FERS Basic Annuity or CSRS annuity.