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Thread: Thrift Savings Plan (TSP)

  1. #1
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    Default Thrift Savings Plan (TSP)

    I'm a specialist who graduated AIT three days ago, and I'm thinking about putting my money into TSP under G Fund. Is it worth it? And what will happen to my investment when I seperate from the service (honorable discharge)?

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    Moderator MPclk2006's Avatar
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    I highly encourage you to invest in the TSP, i did not, for years, and now i regret it.
    It is difficult to be a good noncommissioned officer. If it had been easy,
    they would have given it to the officer corps.- SMA William A. Connelly

    "If someone that outranks you tells you to go jump in a lake, I want you to come talk to me...but you better be wet!"

  • #3
    Short Timer CWO Sharkey's Avatar
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    TSP will have a ROTH IRA option soon. TSP is currently traditional. I recommend you call USAA and get a ROTH IRA started for about 200 bucks a month saving 100 a pay period.
    Iraq/Afghanistan Veteran (OIF V & OEF X & XIII)
    101st Airborne Division & 4th Infantry Division combat vet
    Serving overseas

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    Senior Member Army Strong's Avatar
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    *sigh* I signed up for the TSP and put down 10% but it ended up being a more considerable chunk of my paycheck than I presumed it would be. I brought it down to 1% now but I know it should be higher.

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    Senior Member chrono68w's Avatar
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    I haven't signed up for TSP, I'm working on year 6 in the Army... I'm curious to the benefits of what the Cheif said though.
    "Hell is paved with good intentions." - John Ray

  • #6
    Short Timer CWO Sharkey's Avatar
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    Quote Originally Posted by chrono68w View Post
    I haven't signed up for TSP, I'm working on year 6 in the Army... I'm curious to the benefits of what the Cheif said though.
    Tell your 1SG hi and I will pm you my DSN number. Also, everyone who starts their first job should start learning to save money for themselves and retirement. You might not do 20 years for a pension and you cant live on social security alone. Believe me, if you start at 22 years old saving modestly, you can have more than a million dollars saved by retirement age.

    And its "Chief"
    Iraq/Afghanistan Veteran (OIF V & OEF X & XIII)
    101st Airborne Division & 4th Infantry Division combat vet
    Serving overseas

  • #7
    Senior Member chrono68w's Avatar
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    Ha ha ha, I apologize Chief, I'm horrible at placing the "i" in wrong order when an "e" is involved. I'll let him know sir and give him that number.
    "Hell is paved with good intentions." - John Ray

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    Short Timer CWO Sharkey's Avatar
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    It is shocking that the weather in Afghanistan (RC-East and North) is great at this time of year. But yes, in our brigade (in which I support) is a FA, CAV, STB and two INF BNs. Many boots on the ground over here.
    Iraq/Afghanistan Veteran (OIF V & OEF X & XIII)
    101st Airborne Division & 4th Infantry Division combat vet
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  • #9

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    Just started my active duty time as an O-1. So is TSP through the Army or USAA? I'd also like to put 5-10% away.

    What if I only do 4 years? Will it be detrimental to the plan?

  • #10
    Moderator MPclk2006's Avatar
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    LT, TSP is done through the TSP program (google), USAA which is not affiliated with the TSP offers their own savings/investment programs.
    It is difficult to be a good noncommissioned officer. If it had been easy,
    they would have given it to the officer corps.- SMA William A. Connelly

    "If someone that outranks you tells you to go jump in a lake, I want you to come talk to me...but you better be wet!"

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