I apologize for the videos clarity, this is an older video I did to help explain the TSP portion of Military Members retirement plan. I suggest Following along with the below PowerPoint:
Watch the first video that explains the two Military Retirement Plans here:
Incrementum Financial Veteran Investing (IFVI) is an Active Duty/Military Veteran Member based Investment Club created to help Soldiers and their families/friends learn to invest and grow their finances in the safest and most educational way possible.
Feel free to provide suggestions for future videos, ask any questions you may have, or provide any insights you possess….(read more)
LEARN MORE ABOUT: Thrift Savings Plans
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HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
1:20 G Fund has not been the default investment since Sep 2015. — Summary of TSP PDF, page 11
13:15 Stock mutual funds and bond mutual funds have similar liquidity.
Anyone who enlisted prior to 2018 and does not plan on doing 20 years should opt in BRS. Anyone in BRS should invest at least 5% of income to receive the 5% match. Everything else equal the more you invest the more you will have at retirement, so endeavor to contribute at least 10% or more. Anyone who serves overseas in a combat zone earns tax free income and should invest that money in a Roth TSP and or Roth IRA. (Also take advantage of Savings Deposit Program and earn 10%.) Many if not most military (because they in a low tax bracket) should favor the Roth TSP over the traditional TSP.