Comments on: TSP – A Great Retirement Vehicle http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/ Money Management, Small Business, Career Sun, 21 Mar 2010 02:34:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Why I use USAA | Jarhead Online http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/comment-page-1/#comment-14580 Why I use USAA | Jarhead Online Thu, 23 Oct 2008 07:03:49 +0000 http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/#comment-14580 [...] By: Jarhead Oct.22, 2008 in Money About a year and a half ago i transferred my banking from Navy Federal Credit Union to USAA Federal Credit Union and couldn’t be happier.  Many service members know the benefits of USAA for insurance but most that I know do not use USAA for their banking.  I think using USAA is the best financial move that I have made with the exception of investing in the TSP. [...] [...] By: Jarhead Oct.22, 2008 in Money About a year and a half ago i transferred my banking from Navy Federal Credit Union to USAA Federal Credit Union and couldn’t be happier.  Many service members know the benefits of USAA for insurance but most that I know do not use USAA for their banking.  I think using USAA is the best financial move that I have made with the exception of investing in the TSP. [...]

]]> By: Military Rentention Bonuses on the Rise | Military Finance Network http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/comment-page-1/#comment-3875 Military Rentention Bonuses on the Rise | Military Finance Network Sun, 13 Jan 2008 14:41:26 +0000 http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/#comment-3875 [...] members also have the option of directing a portion of the signing bonus toward their TSP if they want. You can deposit 0-100% of your sign-on bonus, up to the max allowed, which is $15,500 [...] [...] members also have the option of directing a portion of the signing bonus toward their TSP if they want. You can deposit 0-100% of your sign-on bonus, up to the max allowed, which is $15,500 [...]

]]> By: Ryan http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/comment-page-1/#comment-3 Ryan Fri, 23 Mar 2007 01:10:56 +0000 http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/#comment-3 Hi Brandon, Do you mean max out your IRA first? Because there is no TSP match for military members, it does make sense to max out your IRA before contributing to your TSP (especially if contributing to a Roth IRA). And while you can only contribute to the TSP while you are <i>currently</i> in the employ of the govt., you are not required to roll it over into another 401k plan or into a traditional IRA when you leave. I am no longer in the military, but I have some money that I am leaving in the TSP because I have a tax exempt balance and I am not sure if that would roll over and maintain it's tax exempt qualities. Hi Brandon,
Do you mean max out your IRA first? Because there is no TSP match for military members, it does make sense to max out your IRA before contributing to your TSP (especially if contributing to a Roth IRA).

And while you can only contribute to the TSP while you are currently in the employ of the govt., you are not required to roll it over into another 401k plan or into a traditional IRA when you leave. I am no longer in the military, but I have some money that I am leaving in the TSP because I have a tax exempt balance and I am not sure if that would roll over and maintain it’s tax exempt qualities.

]]> By: Brandon J http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/comment-page-1/#comment-2 Brandon J Thu, 22 Mar 2007 04:57:53 +0000 http://cashmoneylife.com/2007/03/21/tsp-%e2%80%93-a-great-retirement-vehicle/#comment-2 I cover the TSP extensively in my Money for Military finance blog. I think the TSP is great; however, I think you should max out your 401(k) first then contribute to the TSP. The TSP is only available while you are in the military or civil-service. You have to roll it into an IRA anyways. There are ways to play the TSP to make it more risky and to enhance returns too. I will wait and see what you write about the drawback though. Brandon http://moneyformilitary.blogspot.com I cover the TSP extensively in my Money for Military finance blog. I think the TSP is great; however, I think you should max out your 401(k) first then contribute to the TSP. The TSP is only available while you are in the military or civil-service. You have to roll it into an IRA anyways. There are ways to play the TSP to make it more risky and to enhance returns too. I will wait and see what you write about the drawback though.

Brandon
http://moneyformilitary.blogspot.com

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