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)”
Considering the rapidly increasing cost of college, it’s more important now than ever that veterans and their dependents understand and utilize the benefits that they have earned. The VA’s Survivors’ and Dependents’ Educational Assistance (DEA) program or Chapter 35 isContinue reading “The VA's Survivors' and Dependents' Educational Assistance Program at a Glance”
The Thrift Savings Plan (TSP) and the Individual Retirement Arrangement (IRA) share many similarities, such as the option to fund with pre-tax (traditional) or after-tax dollars (Roths); having penalties for early withdrawals and failing to take required minimum distributions beginningContinue reading “The TSP vs. the IRA: What’s the Difference?”
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