In the year you retire from the military you have to be especially careful about your TSP contributions and contributions to civilian retirement plans. Contribute too much to TSP and you could miss out on matching. Exceed the annual limits and you're looking at double taxation.
Managing your finances is important to your military career. Get in trouble with your money and you could be talking to your commander, or you might even put your security clearance at risk. Here are 4 things you should know and do.
At some point in our life most of us will need to help out our parents. It is likely to occur after you retire from the military. There are several benefits available to you in the form of tax benefits, VA Disability Compensation and maybe Tricare benefits.
Sometimes life after the military doesn't go exactly as planned and you may want or need to get to funds in your retirement accounts before age 59 1/2. Is there a way to do that without paying penalties?
TSP is an excellent investment option for active-duty military members. It's a fine place for retired military officers and NCO, to let funds grow. Changes are coming to TSP investment options. Are they good, bad or ugly?
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