The TSP, or Thrift Savings Plan, is a retirement savings and investment plan for federal employees and members of the uniformed services. It is similar to a 401(k) plan offered by many private employers.
One of the options available within the TSP is the I Fund, which stands for the International Stock Index Investment Fund. This means that the I Fund is made up of stocks from companies located in countries around the world, rather than just within the United States.
The I Fund is considered a high-risk investment, meaning that there is a chance for higher returns but also a chance for greater losses. It is recommended for people who are willing to take on more risk in order to potentially earn higher returns over the long-term.
By investing in the I Fund, you are taking part in the global economy and diversifying your investment portfolio. This can help to reduce the overall risk of your investments, as the performance of one particular market or company may not have as big of an impact on your overall returns.
The I Fund is just one of several options available within the TSP, and it’s important to choose the investment fund that aligns with your financial goals and risk tolerance. It’s also a good idea to speak with a financial advisor or research investments before making any decisions.
Remember, the TSP is a long-term investment plan designed to help you save for retirement. It’s important to start saving and investing as early as possible to give your money the opportunity to grow over time.