A defined contribution (DC) plan is a retirement plan that's typically tax-deferred such as a401(k) planor a 403(b). Employees contribute a fixed amount or a percentage of their paychecks to an account that's intended to fund their retirements. The sponsor company can additionally match a...
By contributing to a Roth TSP while you’re deployed, you won’t pay taxes when you contribute or when you withdraw your earnings in retirement. Tax-free TSP contributions are one of thebest investment benefitsavailable to military members. Another great deployment TSP contribution benefit is the...
A TSP is not exactly the same thing as a 401(k), though they arestructured similarlyand have the same contribution limits. A TSP is what the federal government offers instead of a 401(k), the type of plan offered by private employers. It is possible to have both if you have worked ...
How to make the most of military retirement benefits for Army, Air Force, Navy, Coast Guard and Marine Corps.
When to Change Your Portfolio's Asset Allocation You occasionally may come up with a good reason to change your asset allocation. This should occur rarely, and when I say that, I'm not talking every week or two. I'm talking once a decade or so. Remember, this is a strategic asset al...
in additional federal income tax each year:I Bondson the inflation-indexed side and a Vanguard muni bond fund on the nominal side. Thus, I went from thinking, “Why would anyone own muni bonds?” to actually having a large and ever-increasing percentage of my bonds in a muni bond fund....
This was followed by a change of the lubricating oil for the next test cycle when a new fuel type was introduced. The exchange of the lubrication oil took one day and consisted of full draining of the used oil over night, four flushing cycles, exchange of oil filters, and a running-in...
If you’ve been eating a clean diet for some time but your weight isn’t budging, you may also want to considerfood sensitivity testingto remove foods that are specifically inflammatory to you. Many of my clients who have played with their current diets have seen progress in weight loss af...
Plan (TSP) offers the same types of tax benefits and savings as a401(k). Each pay period, the agency you work for deposits 1% of your basic pay into your TSP. On top of that, you have the option of making additional contributions, which your agencywill match(...
or both. The contributions are invested, and thereturns on the investment(ROI) are credited to the employee's account, or debited from it if there are losses.4In the U.S. the best-known defined-contribution pension plan is thethrift savings plan(TSP), which is open to federal employees ...