The Thrift Savings Plan (TSP) is somewhat like the highly popular 401K plans offered at many civilian jobs, but is actually better. Like the 401K, the TSP is a way for income to grow tax-deferred. Unlike other plans, there are no management fees and TSP contributions reduce taxable income. It has also had a strong performance record over the years. Perhaps the biggest advantage of TSP is that the government will match a Soldier's contribution, up to 5 percent. Also, TSP can be customized to meet the Soldier's individual needs. For more information, speak with a Personal Financial Manager at Army Community Service who can help you customize where your TSP funds are invested. For more resources and tips on TSP, see the Military.com TSP section.
Thrift Savings Plan Overview
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