YMM Reading List

Thursday, June 19, 2008

(Really) Painless Retirement Savings

The President's 2009 budget proposed a 3.5% raise for military personnel. If you allot the raise to the Thrift Savings Plan in January, you'll see no change in your bi-monthly check and you'll have a significant contribution in your TSP account by year's end.

Using this technique, over a 20 year career, if your TSP earns 8% each year, you could have as much as $50,000 in the account with virtually no effort or pain whatsoever!

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