Posted on Apr 27, 2018
SSG Instructor/Writer
22.8K
40
17
4
4
0
Avatar feed
Responses: 12
CW5 Jack Cardwell
5
5
0
Have TSP taken from your Guard check, makes it easy. When you can start an IRA.
(5)
Comment
(0)
Avatar small
CW5 Ranger Dave
4
4
0
TSP, TSP, TSP!!! Put every dime you legally can in the TSP C fund, never ever touch it, never ever change it. Leave it alone a let it grow. When you retire you will be a Millionaire. Seen it happen time and time again as a civil service guy after AD military retirement (Double Dipper) (now a Triple Dipper).
(4)
Comment
(0)
CW5 Ranger Dave
CW5 Ranger Dave
6 y
Here’s where I’m coming from...FG-1825-14 step 10 or GS-14 high as you can go in grade. Did not become a 15 due to pain in the BUTT baby sitting. Made more money in per diem traveling...eg. Brazil $165 per day M&IE.

1. TSP...Great stuff! Put your money there and forget about it until you retire!
2. Matching funds=FREE MONEY!!!
3. You CANNOT TIME THE MARKET! Go C Fund and forget it.
4. Put every red cent you can into it. Never borrow from it for anything. Regardless what the wife says! eg home, college, etc...
5. If over 50 years old go for additional catch up (used to be $5000 per year).
6. I was putting in 25% until I retired from FERS.
7. Rolled over to traditional IRA (no fees or taxes) on FERS retirement.
8. If your young this is a NO BRAINER,
9. Remember, if a Chief Warrant Officer has it! get some of it, because it must be GREAT!
(3)
Reply
(0)
SPC Combat Engineer
SPC (Join to see)
6 y
Never borrow from it for anything. Regardless what the wife says!
Hahahaha. That`s very true.
(2)
Reply
(0)
MAJ Infantry Officer
MAJ (Join to see)
6 y
How do you transfer your tsp into the C fund?
(0)
Reply
(0)
CW5 Ranger Dave
CW5 Ranger Dave
6 y
MAJ (Join to see) - I was able to transfer between F, G, C, and I funds via the internet. Instruction should have been presented or updated via the TSP newsletter. The C Fund is essentially the SPY index fund.
(1)
Reply
(0)
Avatar small
SMSgt Thor Merich
2
2
0
First it’s great that you are asking the question. Too many folks nowadays are not looking to the future.

TSP is your best bet.
(2)
Comment
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close