A plan which is more economical and reduce splurging your money, a plan which require less investment of funds. Was that information useful, please let me know.
No..
The Headquarters of Thrift Savings is in Washington USA - It is a government run savings plan for government employees including armed forces personnel
FERS is a retirement system that includes both a small defined benefit plan and a defined contribution plan. The Thrift Savings Plan is the defined contribution plan used in FERS.
In order to be eligible for he Thrift Savings Plan, you have to be a full time employee of the federal government. Beneficiaries can take over the account if one family member passes away and their share is over $200.
You must obtain consent from your spouse. And if you are married they will contat your spouse about the thrift savings plan. If you end up getting a divorce and try to take some of the money , your spouse will also be contact for approval.
No. You already got a write off, in advance, for the whole amount you put into the TSP. You can't have a second one.
A CollegeBoundfund is a Section 529 savings plan. A 529 plan is designed to enable people to save specifically for the college fees of a designated person.
A 529 Plan saves money for college tuition and is there is tax advantages for enrolling in this plan. It encourages family to save for their children's college fund.
Your best course of action is to speak to an accountant. There is a huge difference, legally, between tax avoidance and tax evasion.
Government-automatic [1%] contributions and Government-matching contributions up to an additional 4% of basic pay
Coverdell Education Savings Plan!