Category: TSP
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3 Steps to Retire Early on a Military Salary

3 Steps to Retire Early on a Military Salary

This post is brought to you by Rich of RichOnMoney!  If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.   BLUF: In college I paid off $32k in student loans in a year. On a military salary I paid off a $280k mortgage in seven years. I've bought several rental ...

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How (And Why) To Transfer Your TSP To An IRA

How (And Why) To Transfer Your TSP To An IRA

  After years of military retirement, my spouse just transferred her Thrift Savings Plan to a traditional IRA. That's the first step in converting the TSP funds into a Roth IRA. ... instead of the TSP It's taken us nearly three decades to get to this point. We started contributing to our traditional ...

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TSP Tax-exempt Rollovers and Withdrawals

TSP Tax-exempt Rollovers and Withdrawals

A reader writes: "Hey Nords! First, I just want to say thank you for your service and all the great things you do for the military community. I served a couple enlistments and I went on two deployments. While overseas I was able to save about $4000 tax exempt in my Thrift Savings Plan. I am no longer in ...

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Funding The Gap: “I Need Money From My TSP!”

Funding The Gap: “I Need Money From My TSP!”

A reader writes: "Hey there, I’m reading your book and got a little frustrated, so I thought I’d send you an email. I’m on page 35 (and haven’t read further). Just so you know, I’m on track to financial independence and I've read all the typical blogs, MrMoneyMustache.com, Bogleheads Forum, etc… Well, you quote the ...

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