TSP Thrift Savings Plan Archive

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Thrift Savings Plan Contribution Limits

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2015 Update: Roth TSP is changing from a dollar amount election to a percentage of pay election. Traditional TSP will remain a percentage of pay election. In January 2015, members who want to continue their Roth TSP election must submit a new election on MyPay or submit a TSP election form TSP-U-1 to their finance office. If you do not submit a new election your Roth TSP contributions will be stopped at the end of January 2015. TSP Contribut... more

TSP Contribution Types

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What are the different TSP contribution programs available? Read on for an overview of each. Regular Employee Contributions are payroll deductions that come out of your basic pay before taxes are withheld. Each pay period, your agency or service will deduct your contribution to the TSP from your pay in the amount you choose (or the automatic enrollment amount of 3%). Your agency or service will continue to do so until you make a new TSP elect... more

Four Reasons to Sign Up for a Roth TSP

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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?

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

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From The Mailbag: Social Security and Retirement Pay

There can be a lot of confusion about the relationship between military retirement pay and other benefits and federal benefits such as social security and Medicare.  Part of the confusion comes from the fact that there are regular changes to the situation, and the internet contains a lot of outdated information. Retirement Pay A relatively […]

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