I'm About to Retire From the Military. What Should I Do With My TSP?
What should you do with TSP when you retire from the military? It depends. Here are some ideas to help you decide.
What should you do with TSP when you retire from the military? It depends. Here are some ideas to help you decide.
Withdrawal Options used to be a significant limitation with TSP. That has all changed. New options make TSP as flexible as corporate retirement plans.
Many retired military officers want to contribute to a Roth IRA while working. The problem is that often their income is too high to contribute to a Roth. There is a work around, but if you have a Traditional IRA or if you roll TSP to an IRA, it doesn't work like you may think.
The TSP is a great benefit available to military officers. Loans from TSP not so much.
In most cases a retired military officer will have to take distributions from his or her retirement accounts when turning 70 1/2. There is a way to avoid this though, if you are still employed when your Required Beginning Date (RBD) occurs.
Many retiring military officers will start a second career. Some of them will be offered a 401(k) that doesn't provide for employer matching. Here are 6 considerations to think about when deciding if you want to participate.
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