Statistics show that people are living longer, healthier lives. It's possible that you could spend two, maybe three decades in retirement. You'll need your TSP account to provide you with current income when you need it and continuous income to last your entire lifetime.
Your TSP Asset Allocation
Remember, after you leave Federal service, you will not be able to continue making contributions to your TSP account. However, you will be able to use interfund transfers to redistribute the money that is in your account among the available fund options. Visit Investment Funds to learn about all of the TSP funds, their features, and past performance.
An Ongoing Process
While you are in retirement, it's important to monitor your financial situation. On a regular basis, you should:
- Review your investment experience and your TSP balance.
- Assess your current income needs.
- Consider your risk tolerance and make any necessary changes to your asset allocation.
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The next regular, active duty military pay day is Wednesday, 1 October 2014. The date of your deposit will depend on your bank and sometimes even your account type. Most banks and credit unions deposit active duty military pay on the actual payday. However, some financial institutions offer early direct deposit as a benefit to their customers. This […]