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Keeping Pace With the Thrift Savings Plan


26 May 2020
Financial fitness hinges in part on taking advantage of the right equipment.
I ve always been a huge fan of the Thrift Savings Plan, the military s version of a 401(k). As a Reservist and civilian financial planner, I signed up when it first became available to the military back in 2001. It wasn t nearly as user-friendly back in those days. There were only a couple of times a year when you could sign up or change what you were contributing. But as a financial planner, I knew it was a great way to save for retirement.
Fast-forward nearly 20 years, and I find myself encouraging those in uniform to take advantage of the TSP. It can make a huge difference. Over the last couple of decades, I ve seen service members accumulate hundreds of thousands in this valuable retirement plan. It s an easy, inexpensive and tax-advantaged tool to save for retirement. ....

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The Best Time to Retire


Government Executive
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When you choose to end your federal career could make a big difference in your retirement security.
Retirement Counseling and Training www.retirefederal.com
This column isn’t about the perennially popular topic among federal employees of the best date to retire in any given calendar year. Rather, it’s about a decision that involves much more than the potential loss of a partial month of salary or retirement benefits. The choice you make about what point in your career you leave federal service could make a big difference in your financial security.
There are many reasons to think about moving on into a new phase of your life. No one, for example, wants to stay in a career that has run its course. But sometimes hanging in there and making the best of a less-than-ideal situation will pay off in the end. ....

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