Beneficiary Designations for Military Families: TSP, SGLI, IRAs, and More!
Estate planning has a reputation for being the financial task everyone intends to do and very few actually get around to. For most military members, there is really only one moment that forces the conversation: pre-deployment workups. But life changes far more often than a deployment cycle, and very few of those changes trigger a follow-up review of the financial accounts that matter most.
What You Need to Know About The Military and Federal TSP In-Plan Roth Conversion
A Roth conversion inside the TSP can be a powerful tax move for military members and federal employees. It can also be an expensive mistake. The recent addition of TSP in-plan Roth conversions gives you more control over when you pay taxes, but it also adds complexity that many participants overlook. Whether you're active duty, transitioning, or already retired, understanding how conversions affect your tax bracket, pensions, future RMDs, and overall retirement strategy is critical. This article breaks down what an in-plan Roth conversion really does, who it tends to benefit, and the specific TSP rules you need to know before making a permanent decision.
Rolling Out of the Military: Do I Have to Roll Out of the TSP?
Leaving the military comes with a long list of decisions, and your Thrift Savings Plan (TSP) is one of them. Should you keep it, roll it into an IRA, or move it into a new employer plan? This article breaks down the pros and cons of each choice so you can approach your retirement transition with clarity and confidence.