Military and government officials have been discussing adding a Roth Option for the TSP to try and bring the Thrift Savings Plan more in line with its civilian counterpart - the 401(k) plan. The benefit of offering a Roth TSP option is that Roth contributions are made with post tax salary, and withdrawals are tax free in retirement. This allows money invested in a Roth account to grow without the ...
Disabled Veterans to Receive $250 Stimulus Checks
UPDATE: The first stimulus payments were sent Monday, June 22. All payments will be distributed by June 30. Disabled military veterans currently receiving VA Disability Benefits are eligible to receive a one-time $250 Economic-Recovery Check from the US government. This is part of the American Recovery and Reinvestment Act that President Obama signed into law this past February. Who is eligible for the $250 Stimulus Payment? The $250 government stimulus check is for: Retirees, ...
Tax Advantages of 529 Plans
Saving money for your child's education is an important thing to do, especially with tuition costs rising each year. Two of the most popular educational savings plans are the 529 College Savings Plan and the Coverdell Educational Savings Account (ESA). Both college savings plans offer tax advantages and may be good options depending on your needs. This article compares Coverdell ESA and 529 Plans. The 529 College Savings Plan offers a more ...