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
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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
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