Note, however, that if you pull money ... "It's low-cost and easy to set up." Andrews suggests that military members put 10% of their basic pay into their Thrift Savings Plan accounts.

Retirement savings ... investment strategies. But how much you need to save depends on personal factors. Compound interest allows you to earn interest on your interest. The longer your money ...

While former employees can no longer contribute to the plan, they can still transfer money ... Thrift Investment Board, which administers the TSP, reported in 2024 that the plan had a "record year ...