TSP Thrift Savings Plan Archive

Showing 1 - 5 of 11 articles

TSP Contribution Types

Money

Military.com

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

machine counting money

USAA

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

FINRA

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

Roth IRA

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

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Paycheck Chronicles

Changes to Navy Sea Pay

Sailors earning Career Sea Pays will see larger paychecks come mid-May.  In March 2014, Secretary of the Navy Ray Mabus announced increases in Career Sea Pay (CSP) and Career Sea Pay Premium (CSP-P). CSP is paid to those who are in sea billets, and is based upon pay grade and cumulative years of sea duty. […]

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