investing in your TSP
investing in your TSP
(Thrift Savings Plan)
So you want to ensure you’ve got money for retirement, even if you don’t do 20 years?? Then you came to the right place
We do our best here at Airman Vision to help you set your life and future up for success if you choose to join the military.
The best way to maximize your retirement is to invest in your TSP aka the Thrift Savings Plan which is basically a 401k for the military.
This is not investment advice, you still need to do your own research and come to your own conclusion on how to invest your own money.
It’s always best to diversify investments because if you put all your eggs in one basket and that basket falls apart you lose everything. This is why it’s smart to consider investing your TSP into a lifecycle fund. The lifecycle fund is diversified between the 5 individual funds and is shifted around overtime. You can also choose to invest in the individual funds yourself. You can designate a percentage of your contribution you want to go towards certain funds. For instance you could do 20% of your contribution each paycheck to go to one of each of the 5 individual funds. You could also designate 100% of your contribution to go into one of the funds.
This is just the tip of the iceberg. I go into a lot more detail with articles and videos breaking down how the TSP works and how you can use it to help invest for your future and set yourself up for a successful retirement.
For the full article and breakdown of how the TSP works and the different methods you can use to invest in your TSP become a website member and earn access to several hours of exclusive videos and information to help you be fully prepared for Air Force BMT and life!
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If you’re looking for additional ways to save money for your future and you want to get yourself and me $5 for free, I highly recommend the app Acorns. Acorns has a referral program where we both earn $5 if you use our referral link. Help us help each other by investing with the Acorns app today! It’s similar to a TSP and an stock investment app. You can contribute money to your account and they invest your money for you. You can select between multiple portfolios that range from aggressive to conservative. This has been my go to app for investing my money. I use it as an emergency fund and a few years ago it helped me pay $3,000 for car repairs. I’m so glad I’ve been saving money and letting it grow with Acorns because I’ve not had to stress when emergencies come up.