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Max Your TSP in 2014

Again this year Yourmilitarymoney has calculated the percentage of base pay you’ll need to allocate to the Thrift Savings Plan to max out your annual contribution. In 2014 you can save $17,500 plus a catch-up provision of an additional $5,500 if you are over the age of 50. In addition, if you serve in a … Continue reading

Max Out Your TSP in 2012

We’ve just updated the “Max Out Your TSP” table for the proposed 1.6% military active duty pay increase for 2012. Here’s the link. Here’s how you use it. In this example, a Major (O-4) with more than 18 years of service would go to MyPay.gov, select the TSP link, and select 19.8% as their monthly … Continue reading

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