To start investing in the Thrift Savings Plan (TSP), the first step is to setup your contributions in My Pay.
To get started, log into MyPay, then click the “Thrift Savings Plan” link (on the bottom-left).
This will show you the current percentages you are investing. If you haven’t started, they will all show as 0%. To change these percentages, click the yellow pen button (in the bottom-right).
You can edit how much you are investing into TSP each month here. For now, put a 1% into the block next to “Base Pay” and under “Roth TSP”. Then, scroll all the way down and click the “Continue” button (on the bottom-right).
On the next screen, you can review your changes. When you are ready, click “Submit”.
Congratulations! Money will start coming out of your next check. More importantly, you have just started investing in your future!
After this, you’ll need to pick how your money will be invested in the TSP. To do this, please continue reading Part 2 of this series to learn how to change how your money is invested in the TSP.