Timothy Sumer

... ( 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 Put Some $ in Your TSP: Saving for a Secure Retirement Saving for retirement is an essential aspect of financial planning. One of the best ways to do so is by maximizing the potential of your Thrift Savings Plan (TSP). The TSP is a retirement savings and investment plan designed primarily for federal employees, including members of the uniformed services. It offers several benefits and options that can help you secure a comfortable retirement. So, why is it important to put some money into your TSP? Here are a few compelling reasons: 1. Tax advantages: The TSP provides tax advantages that can significantly enhance your retirement savings. Contributions made to your TSP account are tax-deferred, meaning you won't pay taxes on that money until you withdraw it in r...

Maximize your retirement with the right IRA! Traditional or Roth, which one suits you best? 🤔 Let's dive in and find out! #RetirementPlanning #InvestSmart #IRADecisions... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to planning for retirement, Individual Retirement Accounts (IRAs) have become a popular choice for many individuals. There are two types of IRAs: traditional and Roth. Each option has its own advantages and disadvantages, making it essential to understand their key differences to determine which one is right for you. One of the main differences between traditional and Roth IRAs lies in the time at which you are taxed. In a traditional IRA, contributions are made with pre-tax dollars, meaning you can deduct them from your taxable income for the year. However, when you withdraw funds during reti...

I went from $200 to $140K within 5 years in the Navy without utilizing the TSP. Here's my opinion on this. If your focus is on the military career, then definitely utilize the TSP Life Cycle. If you're business focused, not focused on a career in the military then not utilizing the TSP is okay. Properly investing in the stock market requires a lot of time for you to study. So the question is not should you invest in TSP but rather.. Do you want to focus on the military and let you investment run on auto pilot or Do you want to maximize your networth for when you get out of the military I'm Yoon Kim, the 6-figure earning sailor. Follow for more advice.... ( 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 As an employee of the federal government, a member of the uniformed services or the civil service,...

... ( 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 The Thrift Savings Plan (TSP) is a savings program designed specifically for federal employees and military members. It is similar to a 401(k) plan, but with certain unique features that are tailored to the needs of these specific groups. In this article, we will take a look at how the Thrift Savings Plan works and what makes it an attractive option for retirement savings. Eligibility and Enrollment To be eligible for the TSP, individuals must be current or former employees of the federal government or members of the armed forces, including the National Guard and Reserves. The enrollment process is relatively simple and can be completed online. New employees are automatically enrolled in the TSP at a contribution rate of 3% of their basic pay, but they have the optio...

Quick video on how to set up your TSP account for the first time.... ( 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 https://inflationprotection.org/how-to-initially-set-up-thrift-savings-plan-tsp-account-ssg-stt/?feed_id=40741&_unique_id=637766f1599fd #Inflation #Retirement #GoldIRA #Wealth #Investing #airforce #army #gov #marines #military #money #navy #Retirement #savings #Spaceforce #thriftsavingsplan #tsp #ThriftSavingsPlan #airforce #army #gov #marines #military #money #navy #Retirement #savings #Spaceforce #thriftsavingsplan #tsp