TSP Envy: Congress Eyes A TSP for More Americans : FedSmith.com

The American Savings Act has now been introduced in the House. It would create a system for investing closely linked to the Thrift Savings Plan (TSP) for federal employees.

The sponsors of the bill state, “The legislation would create a new American Savings Account (ASA), a personal, tax-advantaged retirement savings plan modeled after the high-quality plan offered to federal workers since 1986, and make it available to every private sector American worker currently without access to an employer-sponsored savings plan such as a 401(k) or 403(b) plan.”

See more at: http://www.fedsmith.com/2016/06/15/tsp-envy-congress-eyes-a-tsp-for-more-americans/#sthash.DIzkPVOR.dpuf

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