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Saturday, October 20, 2012

Get Ready for a Pay Raise

According to Government Executive magazine, military members will see a 1.7% increase in their paychecks in January 2013. While some may argue that this lags the true rate of inflation, it will provide some much needed cashflow in the new year.

What should you do with this raise? This site will always recommend that you add it to your retirement nest egg, beginning with your ROTH IRA until maxed out, then to your TSP and finally to your taxable investment accounts. 

1 comment:

Jonathan Gibbs said...

Now that ROTH TSP is an option for all service members, planning for the pay raise is a perfect time to reassess which TSP contribution (after IRAs) make sense for you.