Tips and tricks on how to increase your TSP contributions without noticing it in your pay and still getting pay raises along the way! You can become a TSP millionaire!
Calculate your TSP growth here
Adjust your TSP contribution percentage here
E4 pay = $2,555 * .5=$383 * 12 = $4,596 Annually + 5% TSP match $127 * 12= $1,524 Annually. Total annual contribution = $6,120.
If you put $7,500 as your starting balance and contribute $6,120 annually for 16 years invested at a average 10% rate of return until 65 you arrive at $4,040,615.40
This video is intended for educational purposes only and not to be construed as financial advice.
If you have questions or suggestions for future topics please comment below and I will address them.
My intention here is to provide easy to understand educational videos to help military members with their finances….(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
Which fund would you say is the most beneficial for TSP? The Roth, L, G fund, etc?
In what ways do you diversify yourself financially outside of TSP?
Let me find out you giving us the REAL SPILL on TSP and helping others!!!!!!