Navy Dads

Information

TSP/Thrift Savings Plan

Here is the place to share and learn about TSP/BRS Retirement Investment Options, Tax Shelter Information, Financial Planning and other Financial Benefits for all military personnel. 

Members: 7
Latest Activity: Dec 25, 2022

Plan For Your Future



Career Planning
 | TSP.GovMilitary Saves | Retirement Calculators

Market Quotes by TradingView

Discussion Forum

Student Loans...

Started by NavyDads Co-Admin, Gary Mar 4, 2014. 0 Replies

Average Student Loan Debt in America: 2017 Facts & Figures…Continue

Tags: Student Loans

Comment Wall

Comment

You need to be a member of TSP/Thrift Savings Plan to add comments!

Comment by NavyDads Co-Admin, Gary on December 28, 2013 at 1:15pm

Comment by Evan Barnard on December 2, 2013 at 9:14am

The Navy shares a 401k plan with all uniformed services called the Thrift Savings Plan.  It has some different rules than the civilian/govt employee version.  It does not have a matching component since the military in theory is eligible for a traditional defined benefit pension plan whether your sailor contributes or not.

Comment by B'sNukemom&dad⚓️MM on December 1, 2013 at 8:05pm

Charlie - from what my son has told me there is no matching.

Comment by B'sNukemom&dad⚓️MM on October 3, 2013 at 12:07pm

Evan - thanks for the suggestion - will definitely encourage sailor to transfer that amount to his TSP.

Comment by Evan Barnard on October 1, 2013 at 7:36pm

At least we'll remember when it kicked off.

Comment by Evan Barnard on October 1, 2013 at 6:33pm

http://www.dfas.mil/pressroom/govtshutdown/crafaq.html

Frankly, I didn't expect this to be one of the first news items after launching this group, but the above link has a few clear answers to some of folks most pressing questions regarding the shutdown.  In a nut shell, active duty military will eventually receive all of their pay due, but it is possible it could be delayed in getting deposited to their accounts.

Comment by Evan Barnard on September 30, 2013 at 5:39pm

Hey, if he is already used to living without that $100/month, once he finishes his Montgomery contribution, see if he would just switch it towards the TSP.  He'll never know the difference until he actually retires :) And then he'll be glad he did.  Congrats on your Sailor's progress.

Comment by B'sNukemom&dad⚓️MM on September 30, 2013 at 4:21pm

So glad to see this site!  As Evan knows we've been discussing it on the Navy Mom's site too.  Oct. 23rd will mark the 1 year anniversary since he left for boot camp so he should be close (if not already done) with paying into his MGIB.  And he does contribute to the TSP.  I just want to make sure our Sailor is set up properly.....I have questions regarding the Star re-enlistment and how to handle the bonus he will get (once he completes nuke school of course). Talked with Sailor a little about this yesterday and he says we don't need to worry about the Star re-enlistment for probably at least a year though....

Comment by Evan Barnard on September 29, 2013 at 12:21pm

This goal of this group is to provide a resource related to the many financial decisions Sailors have to make, young and old.  It could be about utilizing the Thrift Savings Plan, as well as the other options not sponsored by the government.  We can also deal with questions related to the various education programs available like the post 9-11 GI Bill vs. Montgomery GI Bill, or even questions related to taxation of an overseas sailor, or serving in a combat zone.  By its very nature, many responses may seem like advice, or even be advice.  Please understand the Department of the Navy doesn't want you to make decisions about your future solely based on any discussion here.  We encourage you to use a variety of sources to help reach a conclusion.

Comment by NavyDads Co-Admin, Gary on September 28, 2013 at 10:02pm

Jim You Rock Bro for creating this Group!!

My son and I talked in depth about this before he left for RTC. I literally grilled the boy to put away a certain percentage of his salary into TSP every payday.

Basically just set it and forget it!

To date I have not heard a complaint heheh...

 

Members (7)

 
 
 

MISSION STATEMENT:

NavyDads mission is to Provide Support, Encouragement, and Knowledge to Sailors and their Families throughout their Journey together in the United States Navy.

NavyDads can only succeed with your help.  We receive no outside funding and every dollar you donate helps us cover operating costs and helps keep this site running. 

Google-Based NavyDads Search


  only search NavyDads

Events

June 2024
SMTWTFS
1
2345678
9101112131415
16171819202122
23242526272829
30

Blog Posts

Phishing for Info

Posted by Michael J Conway on April 18, 2023 at 4:08pm 0 Comments

USPS MILITARYKIT - **FREE**

Posted by Joseph Hernandez on January 28, 2023 at 11:54am 1 Comment

Before A School

Posted by Philip Steinert on January 2, 2023 at 2:10pm 2 Comments

My little sailor

Posted by william joseph wolfcale on December 3, 2022 at 4:08pm 2 Comments

my dad skII Wolfcale

Posted by william joseph wolfcale on December 3, 2022 at 4:00pm 0 Comments

Off to A School

Posted by Michael J Conway on November 13, 2022 at 9:55pm 1 Comment

Son leaves for San Diego

Posted by Jeff J Sperekas on June 25, 2022 at 7:33pm 1 Comment

CHIEF PETTY OFFICER

Posted by John W Hensman on October 9, 2021 at 4:21pm 0 Comments

Form letter

Posted by John D O'Rourke on September 16, 2021 at 5:58am 2 Comments

Boot Camp

Posted by Mark F Durovka on March 22, 2021 at 8:46pm 2 Comments

RTC

Posted by Thomas ODonnell on January 10, 2021 at 3:00pm 7 Comments

Bittersweet Happiness

Posted by Jim Lisi on December 13, 2020 at 1:21pm 3 Comments

Pride and Honor

Posted by Elliott Peigen on September 7, 2020 at 9:56am 2 Comments

Introducing Myself

Posted by John Lillyblad on March 18, 2020 at 4:38pm 5 Comments

Mail problems

Posted by Fernando Bolano on March 17, 2020 at 2:36pm 3 Comments

SHIP 06 DIV 100

Posted by Chris Koning on February 9, 2020 at 3:54pm 0 Comments

Ship 10 Div 114

Posted by Mike Cunningham on February 3, 2020 at 2:15pm 1 Comment

Day ONE

Posted by Mike Cunningham on January 15, 2020 at 1:23pm 2 Comments

Ship 2 Division 907

Posted by Mark Poindexter on December 17, 2019 at 2:36pm 0 Comments

© 2024   Created by E.G. - ND's Creator/Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service