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Special Report on

Military Thrift Savings Plan

military thrift savings plan special research report Photo by
Two of three military members who separate or retire do so without having opened a government-run Thrift Savings Plan account, a benefit that has been available to service members since 2002. Those who depart without an account leave behind a valuable tool that they could use over and over again to dampen their costs while investing for retirement, said Gregory T. Long, executive director of the Federal Retirement Thrift Investment Board that oversees federal Thrift Savings Plan accounts. Veterans and military retirees with Thrift Savings Plan accounts can't continue to make tax-deferred contributions unless they become ...
The TSP is known to reap higher returns for their retirement than comparable private-sector workers, and is immune from many of the problems that plague mutual funds . During Saul's tenure, the TSP was grown to over $200 billion in assets by 2007, making it twice as large as when he began in 2003. He also cut operating expenses by over $20 million. The TSP is the largest defined contribution plan in the world with over 3.7 million participants and assets worth over $210 billion. 2 The plan is expected to grow to at least $300 billion by 2010. His largest accomplishment with the Thrift Savings Board was to eliminate open ...
The 411 on the Thrift Savings Plan
as TSP, Thrift Savings Plan benefits offered by the U.S. government for federal employees, retirees and federal funding, and current and former members of the SU Military Thrift Savings Plan Deferred tax services. On a clear plan. And 'managed and controlled by the Federal Retirement Thrift Investment Board established an independent government in 1986, purpose.employees, retirees and federal funding, and current and former members of the funds board. These pension funds that have accrued contributions to the private sector, the 401K plan , because it acts as an investment instrument for the rights of the SU Military ... market research, surveys and trends
Money for Military: Thrift Savings Plan (TSP) Contributions Change
In 2007, the TSP-maximum contribution will now be $15,500, up $500, from $15,000. This will now match the 401 (k) maximum limit. This is important because of the fact that Social Security won't be lasting any longer. Here is the original message: Nov. 30, 2006 Release No. 098 Thrift investment board sets 2007 TSP contribution limitsRANDOLPH AIR FORCE BASE, Texas - The Federal Retirement Thrift Investment Board has announced a $500 increase in regular Thrift Savings Plan contributions to $15,500 for 2007 elective deferral maximum contributions. Contributions for the catch-up plan will remain at the same $5,000 limit set ... market research, surveys and trends


The new military Thrift Savings Plan: worth consideration | Army ...
Who does not want to be a millionaire? People fantasize about how they would spend the money. Each week, record numbers of television viewers watch while the host of a popular game show asks contestants question after question, leading up to "million-dollar questions."(2) Imagine you, a military attorney, are a contestant. The host asks you a finance question, "What savings program may soon be available to service members to amass substantial wealth?" Will you falter with your answer? Will you lose your chance to become an instant millionaire? No, you will not fail because you read this article. You will ... industry trends, business articles and survey research
Press Releases - Congressman Don Young
Alaska Congressman Don Young today voted for passage of H.R. 4205, the “Fiscal Year 2001 Defense Authorization Bill.” H.R. 4205 authorizes $309.9 billion for defense during fiscal year 2001, $4.5 billion more than the President’s request. The bill passed the House by a vote of 382 to 31. “Our President continues to shortchange our military personnel and their families. The fact of the matter is that we have great men and women in our military services. Unfortunately, it’s a significant challenge to retain those young men and women and provide them with a quality of life that is befitting their duty to our nation,” said Rep. Young. industry trends, business articles and survey research
How the Federal Thrift Savings Plan (TSP) works
for most civilian federal employees relies on a tripod of income streams and the “legs” of that tripod are Social Security, the Federal Employees Retirement System (FERS) and the Thrift Savings Plan (TSP).  In many ways, the TSP is much like the private sector’s 401K plan and has similar rules regarding contribution limits and distributions. So who is eligible for the TSP?  There are two main categories of federal employees eligible to participate and those are civilian federal employees and members of the military including the Coast Guard .  The benefits available under the TSP depend on a ... market trends, news research and surveys resources
Preparation Aids Financial Stability During Deployments
Preparation and a detailed spending plan can help servicemembers and their families dodge the financial pitfalls that can spring up during and after a deployment, the Pentagon's personal finance director said. Washington, D.C. - infoZine - American Forces Press Service - "A deployment is a very demanding and intense time, and the servicemember and family need to be focused on their specific missions," Dave Julian said today in an interview with American Forces Press Service. "It's hard to do that if there's a big financial situation lurking." The most important step military families can take ... market trends, news research and surveys resources


TSP Benefits That Apply to Members of the - Fact Sheet: TSP ...
Federal Retirement Thrift Investment Board. OC 95-5 (3/2002). THRIFT SAVINGS PLAN. FACT SHEET. TSP Benefits That Apply to Members of the Military Who Return ... technology research, surveys study and trend statistics
Pensions - Government
Federal employee pensions are contributory annuity, pension, endowment, or retirement funds of the United States government. Federal Employee Contributory Pensions Include U.S. Postal Service Pensions: Title 39 of the U.S. Code states that the U.S. Postal Service is an independent organization of the Executive Branch of the U.S. Government. S. 1005 of Title 39 entitled "Applicability of laws relating to Federal employees" states at subsection (d)(1) that the Postal Service shall withhold from employees' pay and pay into the Civil Service Retirement and Disability Fund specified amounts and make specified ... technology research, surveys study and trend statistics
DoDEA | Human Resources Regional Service Center
The DoDEA Human Resources Servicing Center is continually evaluating and implementing new applications designed to improve customer service and enable employees to complete a variety of actions online. Some of these applications will be directed by the Department of Defense or the Office of Personnel Management, while others will be identified by DoDEA to support the unique nature of transactions needed for our employees. Over time the list of applications will change as applications are fielded and other applications are replaced, but the goal is always to improve the way our employees are supported. For more information on ...
  1. profile image nwfdailynews Military: Hurlburt Briefs: Inside the Gates Thrift Savings Plan Briefing Did you know you may elect to contribute ...
Retirement Planning: Military Thrift Savings Plan, higher tax ...
I am retiring August 2007 and have about $80,000 in the Military Thrift savings plan.  I am 49 years old and in great health and don't need the money until at least age 59.5.  Can I leave it in the Military Thrift Savings Plan after I retire?  Is there a limit to how long I can leave it in the TSP?  If I roll it over, do I roll it to a conventional or Roth IRA? Answer Hi Allen, Congratulations on your retirement and thank you for your service to our country! You can leave the money in your Thrift until you are age 70.5 before you would have to start taking withdrawals. I wouldn't recommend that,as ...
How do i pull out my tsp savings?im getting out of marines in 2 ...
i was just wondering if anybody know who to contact or how is it that u get ur Thrift savings plan when ur about to get out of the military? please if u know walk me in the riht direction 2 years ago Member since: June 30, 2008 Total points: 8722 (Level 5) Go to the TSP website and fill out the TSP Form 70 - Request for a full withdrawal. It is a very easy process and doesn't take long at all. 2 years ago There are currently no comments for this question. * You must be logged into Answers to add comments. Sign in or Register . Member since: April 22, 2008 Total points: 3064 (Level 4) go to ...