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Veterans

People who have served in the military have access to special financial benefits, which can include health-care services, no or low down-payment mortgages, GI Bill educational benefits, special legal protections, and other benefits. Current service members also have access to low-cost investing opportunities, extra savings plans and inexpensive life insurance.

A Deep Dive Into the Thrift Savings Plan for Military Service Members and Government Employees

Do you have access to the Thrift Savings Plan? If so, make sure you take advantage of it. The Thrift Savings Plan (TSP) is the U.S. government’s version of a 401(k) qualified retirement savings plan for military service members and civilian federal government employees. The TSP is a powerful retirement savings tool that provides both low-cost and tax-efficient investment options. You can contribute income into one of two retirement accounts: A traditional TSP retirement account and a Roth Thrift Savings Plan.

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