Skip to main content

"The Blended Retirement System and the Thrift Savings Plan: Exploring Episode 0020"


References: The Uniformed Services Blended Retirement System ( DOD Implementation of the Blended Retirement System ( BRS Implementation Timeline ( Are You Opt-In Ready? ( BRS Infographic – Active Component ( BRS Infographic – Reserve Component ( Value of a Retirement Point Chart for 2017 (Legacy System) ( Value of a Retirement Point Chart for 2017 (Blended Retirement System) ( TSP Under the Blended Retirement System ( Marine Online (USMC) ( Global Pay Self Service (Coast Guard) ( MyPay ( Thrift Savings Plan Website ( Related YouTube Episodes: What is the Blended Retirement System? ( What Will the Blended Retirement System Do to My Pension? ( Myths About the Blended Retirement System ( Career Continuation Pay Under the Blended retirement plan ( An Introduction to the Thrift Savings Plan ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 1 ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 2 ( Related Podcast Episodes: What is the Blended Retirement System? ( What Will the Blended Retirement System Do to My Pension? ( Myths About the Blended Retirement System ( Career Continuation Pay Under the Blended retirement plan ( An Introduction to the Thrift Savings Plan ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 1 ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 2 ( Related Articles: What is the Blended Retirement System? ( What Will the Blended Retirement System Do to My Pension? ( Myths About the Blended Retirement System ( Career Continuation Pay Under the Blended retirement plan ( An Introduction to the Thrift Savings Plan ( ) Let’s Talk About the Funds in the Thrift Savings Plan - Part 1 ( Let’s Talk About the Funds in the Thrift Savings Plan - Part 2 ( First Call by Kevin MacLeod is licensed under a Creative Commons Attribution license ( Source: Artist: ...(read more)



LEARN MORE ABOUT: Thrift Savings Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
In Episode 0020 of the Thrift Savings Plan (TSP) podcast, host Kim Weaver interviews Blended Retirement System (BRS) experts about the TSP under the new retirement plan. The BRS replaced the old legacy retirement system in January 2018, and it affects all service members who joined the military on or after January 1, 2018. While the old retirement system provided a defined benefit pension after 20 years of service, the BRS includes a blended retirement system with a defined benefit and a defined contribution. The defined contribution feature includes a Thrift Savings Plan, which is similar to a 401(k) plan in the private sector. The TSP is a retirement savings account that allows service members to contribute pre-tax dollars from their paycheck, and the contributions grow tax-free until they withdraw them in retirement. The new retirement system also includes automatic and matching contributions to the TSP from the government, incentivizing service members to save for retirement. The government’s automatic contribution equals 1% of the service member’s pay, while the matching contribution matches the service member’s contributions up to a certain percentage. The experts note that the TSP under the BRS is an effective way for service members to save for retirement, but it requires active participation and education. Service members need to understand the benefits and implications of contributing to the TSP and review their investments regularly to ensure they are on track for retirement. In summary, Episode 0020 of the TSP podcast highlights the importance of the Thrift Savings Plan under the Blended Retirement System. The TSP is an effective way for service members to save for retirement, and the BRS includes automatic and matching contributions from the government. However, active participation and education are necessary to make the most of the TSP and reach retirement goals. https://inflationprotection.org/the-blended-retirement-system-and-the-thrift-savings-plan-exploring-episode-0020/?feed_id=92632&_unique_id=644d4ac105dba #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #airforce #army #blended #blendedretirement #blendedretirementsystem #blendedretirementsystemtsp #blendedretirement #BRS #coastguard #Comparison #invest #investing #investment #Marinecorps #marinecorpsreserve #marines #matchingfunds #military #navy #pension #rcretirement #retiredpay #Retirement #thethriftsavingsplanundertheblendedretirementsystem #thriftsavingsplan #thriftsavingsplanblendedwithpension #thriftsavingsplanhelp #tsp #tsptips #USMC #ThriftSavingsPlan #401k #airforce #army #blended #blendedretirement #blendedretirementsystem #blendedretirementsystemtsp #blendedretirement #BRS #coastguard #Comparison #invest #investing #investment #Marinecorps #marinecorpsreserve #marines #matchingfunds #military #navy #pension #rcretirement #retiredpay #Retirement #thethriftsavingsplanundertheblendedretirementsystem #thriftsavingsplan #thriftsavingsplanblendedwithpension #thriftsavingsplanhelp #tsp #tsptips #USMC

Comments

Popular posts from this blog

"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

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'