If you’re not saving for retirement, it’s not too late to start

Closer than you think

If you’re younger than 45, retirement seems far away. But employees could be missing out on thousands of dollars in matching money if they’re not contributing at least 5 percent of their salaries to their Thrift Savings Plan (TSP) accounts.

TSP has launched a “Take FIVE for Your Future” campaign to highlight the importance of saving early for retirement. In addition to a video, an interactive website provides employees with information about saving for retirement.

Federal Employees Retirement System participants younger than 45 who are contributing less than 5 percent of their salaries to their accounts soon will receive a letter from TSP encouraging them to do more to prepare for retirement.

via USPS News Link Story – Closer than you think.

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