Posted on Feb 12, 2021
SGT Human Resources Specialist
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Posted in these groups: 7a1e50f4 TSP
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Responses: 5
SFC Retention Operations Nco
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If you are enrolled in the Blended Retirement System, yes. If you're legacy retirement, no. But TSP is still a great retirement vehicle because it's almost free of maintenance fees and you can borrow from it without penalty
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MAJ Audiology
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Yes and I would recommend pitching in the percentage from your paycheck the military will match. It’s free money. If you are in the reserves/guard then I would also recommend throwing in up to what your employer will match for your retirement. I would also suggest taking extra and putting it into a Roth IRA because it’s tax free when you pull it out. I always increase my retirement contributions to my Roth when I get a step raise in the VA or in the military when I get a promotion.

Compounding interest is one of the most powerful things in the world.
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MAJ Ken Landgren
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I will give you 3 good reasons to invest in TSP.
- You are investing for the future.
- The government will match some of your contributions. That is free money.
- It can reduce your taxable income.
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