TSP Thrift Savings Plan Archive
Showing 1 - 5 of 11 articles
Four Reasons to Sign Up for a Roth TSP
You may not realize it yet, but the long-delayed Roth alternative to the Thrift Savings Plan could be an exciting new addition to your retirement toolkit. I'm actually grinning ear to ear as I consider the possibilities the new Roth TSP offers. I periodically bemoan the fact that participation in the TSP among military service members hovers somewhere south of a paltry 40%, so I regularly encourage readers to sign up and jump-start their reti... more
Time to Move Out of TSP Stock Funds?
Military.com
If your investment strategy includes timing the stock market, now is a good time to shift your holdings out of the TSP Funds that are composed of stocks, says one market watcher. “Given the more than 7% run-up in the overall stock market that occurred between early June 2012 and September 1, 2012, now is a good time to take profits,” says Tom Allen, editor of TSPFundTracker.com. “For TSP Fund investors, we currently recommend shifting investme... more
Think Twice Before Cashing Out Your TSP
If you are thinking about cashing out your Thrift Savings Plan (TSP) when you leave the uniformed service, think twice. Or maybe three times. You might be about to forsake a financially secure retirement. All servicemembers and their families should be educated to the potentially devastating impact that cashing even a modest amount of TSP assets can have on retirement savings. When you switch jobs before retirement, you usually can choose am... more
DFAS Phases in Roth TSP Contributions
Defense Finance and Accounting Service
The Defense Finance and Accounting Service (DFAS) will begin processing Roth TSP elections for its civilian and military customers using a phased approach beginning in June and continuing through October 2012. As a new choice for retirement investment planning, the Roth TSP, will give civilian employees and military service members the option to contribute after-tax wages into TSP for the first time. Both the contributions and the earnings ... more
Thrift Savings Plan Contribution Limits
Military.com | Jun 28, 2011
The Internal Revenue Code (IRC or Tax Code) places a number of specific limits on the dollar amount of contributions you can make to the TSP. These limits can change annually and are generally refered to as the “IRS limits” because the Internal Revenue Service (IRS) is responsible for calculating them each year. When the annual limits become available, the TSP announces them on the TSP website and the ThriftLine as well as ... more
Popular Articles in TSP
Paycheck Chronicles
31 May 2013 Military Pay
Each year, I see a huge jump in traffic with people wondering if they will get paid before Memorial Day weekend. Unfortunately, the way the calendar works, it rarely happens. This year is not an exception. The next regular, active duty military pay day is Friday, 31 May 2013. Payday is on Friday because the [...]
ConnectMore