Video Discription |
How to Get Rich with the TSP in 1 Enlistment | Military Retirement | TSP Tips
So many people join the military saying to themselves that they're going to do the full 20 years. The truth is that less than 20% of people who join the military actually end up staying in for that full 20 years. So your best bet is to come in with the intention to set yourself up financially as though you'll be a part of that over 80% that gets out before they hit retirement eligibility. In this video, I explain how you can use your Thrift Savings Plan, or TSP, in just one active duty enlistment period to best set your future self up for financial independence.
TSP Savings Growth Calculator https://www.tsp.gov/calculators/how-much-will-my-savings-grow/#top
DFAS Basic Pay Tables https://www.dfas.mil/militarymembers/payentitlements/Pay-Tables/
TIME STAMPS
0:00 Introduction
1:03 What is the Blended Retirement System (BRS)?
1:34 What is the Thrift Savings Plan (TSP)?
3:01 TSP Value Scenario 1
5:56 TSP Value Scenario 2
6:52 TSP Value Scenario 3
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This channel provides information on military lifestyles, particularly to those interested in joining, to those who have family who have served or are currently serving, and to all other civilians who may be interested in getting a peak into a typical service member’s life. This channel also provides tips personal development, and advice about living and working abroad.
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