Posted on Feb 1, 2015
LTC Instructor
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The TSP is the Federal Government's 401(k), and it is massively beneficial for Active Duty Service-members. Are there any Reservists who care to weigh in?

http://myarmybenefits.us.army.mil/Home/Benefit_Library/Federal_Benefits_Page/Thrift_Savings_Plan_(TSP).html
Posted in these groups: Reserves logo Reserves7a1e50f4 TSPRetirement logo RetirementInvesting logo Investing
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LTC Hbpc Physician Assistant
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LTC (Join to see) Sir, I have taken the perspective that I don't "need" my drill pay to survive. By deferring it, I can decrease my taxable income some while diversifying my retirement portfolio. Recognizing that accessing early, secondary to multiple deployments, is an advantage over civilian programs and a potential bridge to defer using other retirement funds until a more advanced age. Is it the sexiest fund out there? In a word, no. That said, I think leaders should spend more time knowledge sharing and advising SOME form of retirement/savings plan to the troops. My advise is that if you can't afford NOT to save and compound interest is likely the best friend you never knew you had.
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CSM Spp Ncoic
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Sir I could not agree with you more on your statement. If a person can survive without the drill pay than defiantly invest it in the TSP. I have found that the magic number for me is 75% the rest covers SGLI and other expenses. I just hope young troops are learning about the program and they are taking advantage of it.
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