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?
Retiring from the military with a smaller retirement nest-egg than you wanted? Thinking it might be too late to start saving for retirement? It might not be.
Maybe it is because of the military pension, but it seems like retired military officers and NCOs often become caregivers for aging parents. That could affect ultimate retirement plans.
During a military career, it's pretty likely to see something that doesn't really make a lot of sense. A new provision in the tax code going into effect in 2025 kind of fits that bill.
What happens if you are working after you retire from the military and you decide to claim Social Security benefits early? It's important to know.
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