Federal Service employees, who also serve in the military, have access to some benefits with regards to the Thrift Savings Plan (TSP) that can apply if the employee is required to leave their Federal job to perform military service. This article will highlight the eligibility requirements, rules, and provide some examples to help you determine if this is a benefit that you can take advantage of.
It’s moving season for the Department of Defense…every year about 65% of the PCS moves for the year happen between May 15th and August 31st. Don’t let your move sneak up on you. In this great Military.com article, they offer several tips and I will share two here; book your move early and use the move as w
Changes are coming to the Thrift Savings Plan and that is a good thing! Whenever I talk to someone with a TSP account, they are usually pretty positive with the exception of one area, withdrawals. The TSP is behind most other defined contribution plans with regards to flexibility in withdrawal options. Luckily the Thrift Savings Board recognized this and forwarded some proposed changes to Congress and in 2017 the TSP Modernization A
Financial planners and the services they offer continue to evolve. In the current financial planning environment, there are three main ways a financial advisor gets paid. They can be paid a commission on a product they sell; they can be paid a fee based on a percentage of the assets they are managing for you (referred to as Assets Under Management or AUM); or they can charge a fee for comprehensive financial planning. This last fee can be
Your Thrift Savings Plan account is an important part of your retirement income plan. As with most retirement accounts, a lot of the responsibility for success will be on you and how much time, energy, and of course money that you put in to making it successful. This article will provide some suggestions on what you can do on a yearly basis to put yourself in the best position to succeed.
There are no shortage of people calling themselves financial planners or financial advisors, so as a consumer it can be tough to decide which one is right for you. In this article, I will talk about the different kinds of planners that are out there, why I chose to be a fiduciary, and finally what I as a financial planner can do for you.