Tag: TSP

Financial Advice To Start Your Military Career

Financial Advice To Start Your Military Career

Last summer there were many graduation ceremonies, and millions of new employees joined the workforce. In the military version of this milestone, thousands of new O-1s received their commissions and tens of thousands of other new recruits started their basic training. It's a very busy time. These new servicemembers ...

READ MORE +

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 ...

READ MORE +

How Should I Invest During Retirement?

How Should I Invest During Retirement?

. A reader writes: "I would like your opinion on an investment strategy. I'm sure you cringe at anyone who asks for investment advice, however, this question is very big picture. I have five years before I retire and I am considering discontinuing my investing in our Roth IRAs and my Thrift Savings Plan and just ...

READ MORE +

Maximizing TSP contributions from a combat zone

Maximizing TSP contributions from a combat zone

A reader writes: "The goal: We are trying to reduce my taxable income while increasing my Roth contributions. I am in a combat zone through August, so my pay has been tax free, but will soon change. We have converted my spouse's traditional IRA to a Roth IRA and expect a tax bill. The question: Will my Jan-Aug ...

READ MORE +

529 college savings for military families

    Thanks to Brandi for her comments on an earlier post, and her question: My favorite part of the book was all of the personal stories. I can understand how the math works – I’ve calculated all of my future pay raises, estimated rate of savings, and projected retirement benefits to figure out how much I ...

READ MORE +
Search