Transitioning from Military Thrift Savings Plan to Private Pension: A New Approach to Securing Your Military Retirement
Exploring the topic of transitioning from the Military Thrift Savings Plan (TSP) to a private pension.
Securing Your Future: A Guide to Financial Planning for Military Retirement
With the shift from traditional pensions to retirement savings plans, military service members are now responsible for managing their retirement income.
Navigating Retirement Risks with the TSP Retirement Calculator
Unlock our exclusive TSP retirement calculator by signing up for our free book today. We’ll email you both the book and the calculator, complete with insights on how to skillfully navigate your financial planning. Start making more informed decisions with these essential tools at your fingertips.
Maximizing Thrift Savings Plan (TSP) Funds for Military Retirement
The main topic of discussion is retirement planning, specifically focusing on the Thrift Savings Plan (TSP) and how retirees can access and strategically utilize their TSP funds. Scott and Mike discuss the utilization of TSP funds to create a “war chest strategy” for replacing Social Security benefits and generating liquid funds for various retirement purposes….
Is the TSP Expense Ratio a Good Reason to Keep Your Thrift Savings Plan?
This is an excellent question for anyone who’s planning on retiring from military service and has yet to decide what they want to withdraw from Thrift Savings Plan account. The TSP expense ratio may be low, but it doesn’t necessarily mean that your money will grow as quickly in this plan as it would elsewhere….
Can You Live Off Military Retirement Savings in 2022?
Imagine if, in just a few years, the military retirement you’ve worked so hard for during years of service to the military on active duty won’t be enough to cover your retirement plan base pay. That’s the reality military retirees may face in civilian life. The military retirement pay career military members rarely will produce…
What Should I Do With My Thrift Savings Plan When I Retire From The Military?
Many career military families are concerned about how they will live on a fixed income after retiring from the military. One of the greatest fears veterans have is not being able to afford their bills or having to rely on family members for financial support because there isn’t enough money left over at the end…
Thrift Savings Plan: Is TSP a 401k That Causes Mediocrity?
Is TSP a 401K? Recently, in a conversation I was having on LinkedIn, it came to my attention that I have some pretty controversial ideas about the new Blended Retirement System (BRS). In short, I think that the BRS model creates a poverty mindset. A poverty mindset is an underlying belief that you will never…
How Much Do You Need to Retire As A Veteran?
Share0 Tweet0 Share0 Pin0 How to know how much you need retire as a Veteran? This is a question that plagues many a federal retiree and veteran. Many veterans have worked for decades in service to their country, retired, then obtained employment as civilian contractors. They are earning a salary and their military pension. Many…
How To Withdraw From Thrift Savings Plan Smartly
When you want to begin using your money you can initiate a TSP withdrawal from the TSP.gov website. This new phase of beginning to use your money may cause concerns about ensuring you never run out of money in retirement. A safe alternative to taking a TSP withdrawal is to transfer your Thrift Savings Plan…
