Retired Military Finances 201: Retirement Planning Tips for Women Entrepreneurs
Having a military pension makes retirement a little easier. That doesn't mean entrepreneurs, especially women, can ignore retirement planning.
Having a military pension makes retirement a little easier. That doesn't mean entrepreneurs, especially women, can ignore retirement planning.
As you work your way up the corporate ladder, you may be offered the opportunity to contribute to a Deferred Compensation Plan. To determine whether you should, you need to understand how they work.
Often 457 plans are described as similar to other retirement plans like 401(k), 403(b) and TSP. That isn't exactly the case. If you're a retiring military member headed to work for a State government or a non-profit, you'll want to understand the differences.
As a retired military member, you have options not necessarily available to your civilian counterparts. You may have more choice over when you retire. To help with that choice you may want to know when people around you tend to retire. Here are places where some retire early and some retire later.
Can you contribute to both a Roth and Traditional IRA in the same year? How much can you contribute to each? Do your contributions to TSP affect the amount you can contribute? Check out this article for the answers.
Sometimes things go south on us. When that happens, some military members might consider a TSP hardship withdrawal or loan. Look before you leap though.
Retired military members generally aren't subject to the GPO and WEP. But that doesn't mean they don't apply to your spouse. They could also apply to you if you separated from the service prior to retirement.
Should you convert your TSP from pre-tax (Traditional) to Roth? Well, right now you can't do it. But you will be able to do so in the future. Here's a primer to get you thinking about it.
Not too long ago the composition of the TSP I fund was changed to include Emerging Markets. What exactly does that mean?
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