Benefits for those who served

 

Military retirement pay is intended to recognize the selfless dedication to a career in the military. Calculating these benefits, though, depends on a number of factors including years of service and the rank you hold at the time of your retirement. One way for members of the uniformed services to supplement their retirement income is to participate in the Thrift Savings Plan (TSP).

Unlike participation in the uniformed services retirement system, participation in the TSP is optional. You contribute to the TSP from your own pay – the amount you contribute and the earnings attributable to your contributions belong to you. They are yours to keep even if you do not serve the 20 or more years ordinarily necessary to receive uniformed services retired pay. Contact us to learn more.

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Contact us today to set up your complimentary retirement planning review. Call (844) 877-3863.

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Not affiliated with the U.S. Federal Government or any government Agency. The firm is not engaged in the practice of law or accounting. Always consult an attorney or tax professional regarding your specific legal or tax situation. Although we make great efforts to ensure the accuracy of the information contained herein we cannot guarantee all information is correct. Any comments regarding guarantees, safe and secure investments and guaranteed income streams or similar refer only to fixed insurance and annuity products. Fixed insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company. Annuities are long-term products of the insurance industry designed for retirement income. They contain some limitations, including possible withdrawal charges and a market value adjustment that could affect contract values. Annuities are not FDIC insured.