Thrift Savings Plan Basics The Thrift Savings Plan, or TSP, is a retirement savings plan for current and retired employees of the federal government. It is the federal government equivalent of a 401(k) plan, and follows basically all of the same rules. Like a 401(k), the TSP … [Read more...] about The Thrift Savings Plan
Retirement
The Fiduciary Rule Starts Today!
On today’s Finance Friday, I’m going to go a bit wonky. Normally, I would give a lot of background information explaining a topic, and then maybe a little bit on what it means in the real world. Today I’m going to do the opposite, because something important is happening in the … [Read more...] about The Fiduciary Rule Starts Today!
Sunday Summary – May 14th, 2017
Summary Sunday is a weekly post where I put out a short list of the personal finance blog posts and articles I liked the most throughout the previous week. Links to each post are in the headers. I hope you enjoy them too! 10 Best Places to Retire on Social Security Alone U.S. … [Read more...] about Sunday Summary – May 14th, 2017
The Blended Retirement System – Part 2: Eligibility and Versions
ON MONDAYS, I DISCUSS FINANCIAL CONSIDERATIONS THAT SPECIFICALLY RELATE TO US SERVICE MEMBERS. IF YOU HAVE ANY QUESTIONS OR TOPICS YOU’D LIKE TO SEE DISCUSSED, PLEASE LEAVE A NOTE IN THE COMMENTS OR EMAIL ME AT MILITARYDOLLAR@MILITARYDOLLAR.COM. Welcome to part 2 in my series on … [Read more...] about The Blended Retirement System – Part 2: Eligibility and Versions
The 72(t) Rule or How to Withdraw Retirement Funds Early Without Paying Penalties
Anybody that talks to me about personal finance or retirement for more than about 10 minutes knows I plan to retire early. How early is to be determined, but I know I don’t want to still be working for pay when I’m 65. There are a few reasons for that, which I will reveal at a … [Read more...] about The 72(t) Rule or How to Withdraw Retirement Funds Early Without Paying Penalties