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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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