In last week’s article, we reviewed the benefits of making a military service deposit or “buy back” and when it could make sense to do so. We saw that although every situation is different, for most buying back military timeContinue reading “What Military Service Can Be Bought Back?”
If you’re a veteran, then you have likely heard the phrase “buying back your military time” on more than one occasion. But what exactly does that mean, and why is it important? In this article, we’ll discuss the answers toContinue reading “Should You Buy Back Your Military Time?”
As college costs continue to rise, funding what could be a substantial education expense remains a common concern for many parents. And although there are several great ways to save for your child’s education, from 529 plans to Coverdell accounts,Continue reading “8 Ways Veterans Can Cut Their Child’s College Costs”
Whether you are nearing retirement or still building up your nest egg, it’s important that you take the time to understand some of the complexities that are involved with taking TSP withdrawals. Understanding these complexities will help ensure you areContinue reading “5 Things You Should Know About Withdrawing From Your TSP”
Like many 401(K)s, the Thrift Savings Plan (TSP) allows active participants to borrow from their accounts. However, before you can determine whether taking out a TSP loan is the right choice, you must understand how the TSP loan works. ReadContinue reading “The TSP Loan At A Glance”
When you consider the Thrift Savings Plan’s (TSP) low fees, diversified funds, and generous government match, contributing is a no-brainer for most Federal employees. However, the question of “how much” to contribute is far more complicated. This question is difficultContinue reading “How Much Should You Contribute To Your TSP?”
In this video, I’ll cover whether you can have both a Roth TSP and Roth IRA and some of the differences between the two. If you want to learn more read this article on the TSP.
The Thrift Savings Plan (TSP) is a qualified retirement plan, which means the plan meets specific IRS requirements and, as such, receives additional tax benefits and protections. The tax benefits you’ll receive and how your withdrawals will be taxed dependsContinue reading “How Is Your TSP Taxed?”
In this video, I’ll cover the 5 things you need to know about buying back military time. Use the DFAS Military Buy Back Estimator to get your estimated buy back cost. And if you want to learn more about theContinue reading “5 Things You Need To Know About Buying Back Military Time (VIDEO)”
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