The Thrift Savings Plan

Week of January 14, 2008

All active-duty and reserve members of the U.S. uniformed services are eligible to participate in the Thrift Savings Plan (TSP), which allows them to save a percentage of their pretax income up to a current maximum of 15,500 per year. If you choose to participate, ask your disbursing office or download and print out the TSP Election Form (TSP-U-1). Return the completed form to your service's payroll or disbursing office. There are five investment funds available through the TSP. Initial contributions are automatically invested in the fund with the lowest risk. For more information, visit the Thrift Savings Plan (TSP) website.

To learn more about personal finances, visit the Military.com Finance Center.

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