Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Be a Military Millionaire - Use Your Government TSP. That video is uploaded by Jake Broe at 2019-08-17T17:54:24-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [KwyLNsQHJHs]
| Name | Be a Military Millionaire - Use Your Government TSP |
| Video Uploader | Video From Jake Broe |
| Upload Date | This Video Uploaded At 18-08-2019 00:54:24 |
| Video Discription | Please Like, Comment, and Share my videos! ๐ SUBSCRIBE HERE ๐ http://bit.ly/BroeSubscribe Be sure to check out my entire video playlist on Military Finance and Investing topics: https://www.youtube.com/playlist?list=PLscTZuOqKWIycpttIOB044CBFLdPpgiYu ๐ ๐ Watch My Other Videos Here ๐ ๐ โ Know Your TSP - The Thrift Savings Plan Investment Funds G/F/C/S/I https://youtu.be/4FwQYh9K5nY โ TSP Lifecycle Funds are TERRIBLE - Here is Why https://youtu.be/gaAgQn_gBg0 โ ROTH TSP vs Traditional TSP - Which is Better? https://youtu.be/7KY8HVANqC8 ๐ท ๐ท My YouTube Equipment ๐ท ๐ท โบ My Camera ๐ https://amzn.to/2u77v0X โบ My Wide-Angle Lens ๐ https://amzn.to/2Qwf3Sq โบ My Wireless Microphone ๐ https://amzn.to/2QBV9W0 โบ My Shotgun Microphone ๐ https://amzn.to/36bdLTv โบ My Lighting ๐ https://amzn.to/2F5Ey7V โบ My Light Diffusers ๐ https://amzn.to/2tjF8fG โบ My GorillaPod ๐ https://amzn.to/2Q94aqI โบ My Tripod ๐ https://amzn.to/37kBnVQ โบ My SD Card ๐ https://amzn.to/36dP3Sy ================ ๐ ๐ Books That Changed My Life ๐ ๐ ๐ How to Win Friends & Influence People ๐ https://amzn.to/2F3ahGC ๐ Dumbing Us Down ๐ https://amzn.to/2spodrZ ๐ Quiet - The Power of Introverts ๐ https://amzn.to/36b2ti3 ๐ The Red Queen ๐ https://amzn.to/2QzNW8W ๐ Alexander Hamilton ๐ https://amzn.to/2sn5eOJ ๐ A Peopleโs History of the United States ๐ https://amzn.to/2spnV4p ================ To retire a millionaire with JUST the government TSP plan, follow these three steps: 1) Log in to MyPay and change your % deductions from your paycheck to at least 5% so you get the government matching for your blended retirement plan. I recommend increasing this contribution percentage to as high as you can go (10% to 25%) just as long as you do not exceed your legal limit of about $19,000 a year. I prefer ROTH contributions over traditional, but it is your choice. https://mypay.dfas.mil/#/ 2) Call the Thrift Savings Plan phone number on MyPay and then get your user name and password mailed to you so you can log on to the official Thrift Savings Website. Your funds default in to the G Fund, but you are going to want to change your account balance distribution to 100% C Fund and your investment allocation for future contributions to 100% C Fund. https://www.tsp.gov/index.html 3) Final step is to ignore the account until you are about 55 years old and thinking of retiring. ONLY at this point should you think about making your investments more conservative by moving money to bonds. The C Fund is the S and P 500 index fund and is more than enough investment diversification to guarantee you a solid growth and return over a 30+ year period. https://militarypay.defense.gov/Calculators/BRS/ Here is a recap of the specific examples that I gave in this video: Current rank: Enlisted (E-2) Born: July 2001 Entered: July 2019 Service Length: 20 years Retirement Age: 61 Contribution Rate: 10% (Gov matches 5%) Rate of Return: 8% *** Retirement Amount in Future Dollars = $4,428,202 *** Retirement Amount in Today's Dollars = $1,025,405 Current rank: Enlisted (E-2) Born: July 2001 Entered: July 2019 Service Length: 12 years Retirement Age: 66 Contribution Rate: 20% (Gov matches 5%) Rate of Return: 8% *** Retirement Amount in Future Dollars = $5,640,166 *** Retirement Amount in Today's Dollars = $1,208,327 Current rank: Enlisted (0-2) Born: May 1984 Entered: Apr 2016 Service Length: 20 years Retirement Age: 60 Contribution Rate: 20% (Gov matches 5%) Rate of Return: 8% *** Retirement Amount in Future Dollars = $3,430,184 *** Retirement Amount in Today's Dollars = $1,325,894 ================ ๐ฏ LETโS CONNECT ๐ฏ ๐ท Instagram @JakeBroe ๐ https://www.instagram.com/jakebroe/ ================ #MilitaryMillionaire #TSPMillionaire #ThriftSavingsPlan ================ ADVERTISER DISCLOSURE: Jake is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Additionally, other referral links are included and this channel does receive compensation for sending traffic to partner sites. Shopping through our links is an easy way to support the channel and we appreciate and are super grateful for your support! military thrift savings plan, military tsp, federal retirement planning, federal retirement help, tsp tips, tsp help, tsp strategy, thrift savings plan, tsp millionaire, military millionaire, military retirement help, military retirement guide, tsp c fund, thrift savings plan explained, thrift savings plan funds, military tsp explained, military roth tsp, military investing, blended retirement system, tsp funds explained, military retirement, tsp investing, Tsp retirement KwyLNsQHJHs |
| Category | People & Blogs |
| Tags | military thrift savings plan | military tsp | federal retirement planning | federal retirement help | tsp tips | tsp help | tsp strategy | thrift savings plan | tsp millionaire | military millionaire | military retirement help | military retirement guide | tsp c fund | thrift savings plan explained | thrift savings plan funds | military tsp explained | military roth tsp | military investing | tsp funds explained | military retirement | tsp investing | Tsp retirement | finance | investing |
