"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