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.
Great news for those saving for retirement: there are now more 401(k) and TSP millionaires than ever before! Learn more about this significant milestone and how saving money in a 401(k) or TSP can add up.
The TSP Mutual Fund Window has been around for a while. Is it worth it for a military member to use? To find out the answer to that question, you first need to understand what it is and how it works.
Taking a TSP loan is something we don't normally recommend for Active Duty Military Members. It may be the only choice to solve a problem though. In that circumstance, you'll want to know how one works.
Active and Retired Senior Military Officers and NCOs that participated in TSP have the option to take payments in the form of an annuity. What is an annuity, and should they do it?
If you're an Active-Duty Senior Military Officer or NCO if you don't pay attention to your contributions to retirement plans in the year you retire, you could find yourself in a bad spot.
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?
The TSP is a good benefit for those still on Active Duty. But what about after you retire from the Military? We're generally fans of TSP, but that doesn't mean it isn't worth taking a re-look every once and awhile.
Just because you can do something, it doesn't mean you should. This could be the case with an indirect rollover from TSP. If you're thinking about going down that path, make sure your really understand the rules.
Disclaimer
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by C.L. Sheldon & Company, LLC ), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. C.L. Sheldon & Company, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to C.L. Sheldon & Company, LLC website or incorporated herein, and C.L. Sheldon & Company, LLC takes no responsibility therefore. All such information is provided solely for convenience, educational, and informational purposes only and all users thereof should be guided accordingly. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from C.L. Sheldon & Company, LLC . To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. C.L. Sheldon & Company, LLC is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the C.L. Sheldon & Company, LLC ’s current written disclosure statement discussing our advisory services and fees is available for review upon request. DISCLAIMER OF TAX ADVICE: Any discussion contained herein cannot be considered to be tax advice. Actual tax advice would require a detailed and careful analysis of the facts and applicable law, which we expect would be time consuming and costly. We have not made and have not been asked to make that type of analysis in connection with any advice given in this blog post. As a result, we are required to advise you that any Federal tax advice rendered in this blog is not intended or written to be used and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS. In the event you would like us to perform the type of analysis that is necessary for us to provide an opinion, that does not require the above disclaimer, as always, please feel free to contact us.