Posted on Apr 28, 2020

Does active duty military get matched TSP contributions?

3.2K

Posted in these groups: 7a1e50f4

Posted 4 y ago

Follow this discussion

Responses: 3

Posted 4 y ago

Under the old retirement system, no. Under new blended system yes if the service member contributes.

https://www.military.com/daily-news/2019/05/30/dont-lose-out-tsp-matching-funds.html

It may be tempting to max out your TSP as soon as you can, but beware you may end up losing money if you do.

(7)

Comment

(0)

Posted 4 y ago

Up to a certain percentage as part of the blended retirement plan.

(4)

Comment

(0)

Posted 4 y ago

Here are three perks to investing in TSP:
- Matching funds if free money.
- You save for the future.
- It reduces your total tax liability.

(2)

Comment

(0)