As you can see, service matching is now gone. Since the free money hitting my account has been discontinued, I see no reason whatsoever to put my hard earned money into the TSP.
The thrift savings plan has a choice of 5 different mutual funds plus some lifecycle funds. The federal government is trying to do us a favor because these 5 funds do in fact have lower expense ratios than anything else I've seen. But you cannot buy individual stocks or bonds. I do not have the choice of owning shares of Coca-Cola or Johnson & Johnson in this account. I cannot buy individual bonds or preferred stocks when rates rise. In short, you cannot be an income investor with the TSP.
Instead of parking $126 a month into the TSP, it's going to be deposited into my brokerage accounts from this point forward. I will lose a small tax advantage but will gain freedom of choice, and I don't need to wait to age 59.5 to enjoy delayed gratification.
The capital built within my TSP will likely be rolled into an IRA or used to buy an annuity many years from now when I transition out of the military.