Miscellaneous
"The military pension gives people an excuse to not contribute toward their retirement, so when they do retire, they have nothing in their TSP." Money Marching Order 4: Body Armor 3-6 Months of Net Pay from LES Money Marching Order 5: Pension Plus If in Blended Retirement System - 30 y/o > Invest 10% into TSP - 30 y/o< Invest 15% into TSP If in Traditional Retirement System - 15% into TSP TSP Funds to invest in 70% in the Common Stock (C Fund) 20% in the Small Cap (S Fund) 10% in the International Fund (I Fund) Stay away from Lifecycle and G/F Funds!! Blended Retirement System - Defined Benefit- 40% pension @ 20 yos - Defined Contribution (match)- 5% - Continuation Pay- Paid between 8-12 yos - Lump Sum Option at retirement age SEE my interview on About Face Podcast https://youtu.be/JuJFpu9gQEs Connect with me www.instagram.com/timmemak BRS Guide https://militarypay.defense.gov/Portals/3/Documents/BlendedRetirementDocuments/A%20Guide%20to%20the%20Uniformed%20Services%20BRS%20December%202017.pdf?ver=2017-12-18-140805-343