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Enhanced Choices for Military Retiree SBP Options & Updated Veteran Retirement Benefits for 2022

The Military Retirement System has undergone some recent changes, with more being planned. One of the most significant changes is the option for retirees to choose between two different types of Survivor Benefit Plans (SBP), the public option or a private one. This video will explore the differences between the two plans and help you decide which one might better fit you and your family. Military retirees may not be aware of the recent changes to the Military Retirement System, including the option for retirees to choose between two different types of Survivor Benefit Plans (SBP). Military retirees need to act quickly if they want to make a decision about which type of SBP plan is best for them and their families. Watch this video to learn more about the two different types of military pension protection plans and decide which one is right for you. Remember, you have to act fast - as you have limited time to decline the government survivor benefit plan. ✅ Ready t...

What is the value of Military Pension? (In Millions)

Please Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 Be sure to check out my entire video playlist on Military Finance and Investing topics: 👇 👇 Watch My Other Videos Here 👇 👇 ★ Be a Military Millionaire - Use Your Government TSP ★ Know Your TSP - The Thrift Savings Plan Investment Funds G/F/C/S/I ★ Military Officer Pay - What does a Lieutenant make? (O-1/O-2) 📷 📷 My YouTube Equipment 📷 📷 ► My Camera 👉 ► My Wide-Angle Lens 👉 ► My Wireless Microphone 👉 ► My Shotgun Microphone 👉 ► My Lighting 👉 ► My Light Diffusers 👉 ► My GorillaPod 👉 ► My Tripod 👉 ► My SD Card 👉 ================ 📚 📚 Books That Changed My Life 📚 📚 📗 How to Win Friends & Influence People &#x1f...

Part 2 - Exploring the Thrift Savings Plan

This video will cover how TSP can be used in your retirement assets strategy. MOAA's Take 5 video series tackles commonly asked questions within the military community. Learn more at ... ( 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 the first part of this series, we took a look at the basics of Thrift Savings Plan or TSP. Now, we will delve deeper into the different types of TSP accounts, contribution options, and investment choices. TYPES OF TSP ACCOUNTS There are two types of TSP accounts: traditional and Roth. Traditional TSP account is funded by pre-tax contributions. This means that when you contribute to this account, the money is taken out of your paycheck before taxes are withheld. This lowers your taxable income and can help you save money on taxes in the short-term. However, when you withdraw the m...

2023 Thrift Savings Plan (TSP) & IRA Changes

In 2023, there will be some BIG changes to TSP and IRA accounts. In this video, we discuss the changes to contribution limits and income limits. Have a question about the Thrift Savings Plan, Federal Benefits, or Retirement Planning? Post in the comments section or contact us at: Are you seeking a financial planner who specializes in working with federal employees? Schedule a free consultation at: Connect with Fedway Financial on Social Media: Connect with Jerel Harvey on Social Media: #themoneybriefing #TSP #IRA 🎵 Music provided by LAKEY INSPIRED – Chill Day Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial 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 we head into 2023, some notable changes are...