Opting into BRS can earn you Free Money $ in your Thrift Savings Plan (TSP)

Mitchell Hockenbury explains in plain English how to get free money $ in your TSP (Thrift Savings Plan) if you Opt-In to BRS. Begin to save at least 5% of your base pay into the TSP and you will get a matching 5% from the government. This is vital to beating the legacy pension. www.PersonalFinanceMadeClear.com...(read more)

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If you are a member of the U.S. military, then you may be eligible for a Thrift Savings Plan (TSP). This retirement savings plan has become more lucrative since the implementation of the Blended Retirement System (BRS). One of the most significant benefits of opting into the BRS is the potential for Free Money $ in your TSP. Under the BRS, eligible service members can receive matching contributions from the government, up to a maximum of 5%. To take advantage of this benefit, service members must contribute at least 5% of their base pay to their TSP account. The government will then match that contribution dollar-for-dollar, up to 3%. They will also provide a 2% automatic contribution, regardless of whether the service member contributes or not. This means that if a service member contributes at least 5%, they will receive a total contribution of 10%. For example, if a service member has a base pay of $50,000, and they contribute 5% ($2,500) to their TSP account, the government will match that amount with an additional $2,500, and provide an automatic contribution of $1,000. This will result in a total contribution of $6,000 – or 12% of their base pay. The Free Money $ in your TSP can add up quickly over time, especially with the power of compound interest. Service members who take advantage of this benefit and contribute consistently throughout their careers can build a substantial retirement nest egg. It is essential to note that the BRS also has a reduced pension benefit compared to the old system. Service members who plan on serving for 20 years may want to assess the pros and cons of the BRS compared to the old system before making a decision. In conclusion, opting into the BRS can provide Free Money $ in your TSP and potentially increase your retirement savings significantly. It is critical to determine if the BRS is the right choice for you and make an informed decision based on your individual circumstances. https://inflationprotection.org/opting-into-brs-can-earn-you-free-money-in-your-thrift-savings-plan-tsp/?feed_id=85471&_unique_id=64303e57c492b #Inflation #Retirement #GoldIRA #Wealth #Investing #blendedretirementsystem #BRS #contributions #freemoney #matching #military #militaryretirement #money #savings #ThriftSavingsProgram #tsp #ThriftSavingsPlan #blendedretirementsystem #BRS #contributions #freemoney #matching #military #militaryretirement #money #savings #ThriftSavingsProgram #tsp

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

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Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

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