The thrift savings plan (TSP) is a retirement savings and investment program available only to federal employees and members of the uniformed services.
If you feel daunted by your TSP plan, consider contributing the same percentage of your check per pay period, instead of a specific dollar amount. This way, if your compensation increases, the amount you contribute will increase at the same rate as well. The percentage strategy works especially...
Whether you like to do your taxes as soon as possible or tend to procrastinate until the annual filing deadline, keep an eye out for pending tax legislation. In the past, Congress has passed tax legislation late in the tax year or early the following year that can impact your tax return....
What You Can Do Is Start Out Saving 20%. But each time you get a pay raise or promotion with an even bigger pay raise, instead of spending the extra money, commit it to savings. After a few years of steady pay increases, you should be able to increase your savings rate to 30% or...