Military Finance Network

When I separated from the USAF in 2006, I was faced with a decision regarding my Thrift Savings Plan (TSP). Since I would no longer be a member of the armed forces, I could no longer contribute to the TSP. So what should I do? In the end I decided to leave the money in [...]

If you’ve read my article The Thrift Savings Plan Rocks!, then you know that I believe the TSP is a great way for many government employees to invest for retirement. However, there are also several drawbacks to investing in the TSP.
Disadvantages to investing in the Thrift Savings Plan
Limited investment choices. There are only 5 investment [...]

The Thrift Savings Plan (TSP) is a US Government sponsored retirement plan that is very similar to a traditional 401k. It is primarily open to US Military members and eligible civil-service employees. Why does it rock?
It is simple to do. Electronic sign-up takes less than 5 minutes and will start within a month. Once you [...]

The Thrift Savings Plan (TSP) has a feature that allows its members to withdraw money during a financial emergency. While this can be helpful in a tight situation, it is not a decision to take lightly. When money is taken out early, it cannot be replaced into the TSP and you will lose out on [...]

The TSP is a retirement savings program for civilians and members of the armed forces who are employed by the United States Federal Government. The TSP is very similar to a 401(k) plan in many ways. They are similar because they are both employee sponsored and they are both defined contribution plans and tax deferred [...]

Investing for your retirement is one of the most important actions you can do for your financial health. Even if you receive a military pension, it will not likely be enough for you to retire in style. That is why it is important to invest for your retirement now.
This should help federal government workers and [...]