personal finance

Step 1 to Crush the TSP – Prepare

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The Thrift Savings Plan (TSP) is the military’s retirement account. Learning how to maximize its utility should be high on your financial priority list. I’m going to create a guide that will show you how to crush the TSP. Here’s Step 1 in that guide…

Step 1 to Crush the TSP – Prepare

Before you can crush the TSP, you have to do a little preparation. You don’t need to be Warren Buffet, but you need to understand the basics of investing and the TSP. Luckily, there are many ways to learn the basics. Here are a few:

  1. Read a book – Go to your library, search for a used book with AddAll (one of my favorite tools), or buy one new on Amazon. The easiest and quickest read to increase your basic investing knowledge is The Elements of Investing: Easy Lessons for Every Investor. Read this book. THAT’S AN ORDER! (unless you outrank me)
  2. Read an online introduction to investing – The one that I’d recommend is the Bogleheads Wiki. Here’s a link to their getting started page and their investing start-up kit. What’s the best part? All of this is free.
  3. Watch videos – The Bogleheads have a video series, which is also free.
  4. Read blog posts – My favorite TSP-specific blog posts are found at The White Coat Investor. You can read What You Need To Know About The TSP, The G Fund – A Free Lunch, or The Military’s New Blended Retirement System. I wrote the last one.
  5. Read the TSP website – The TSP website has a wealth of information.

Now you’ve got some homework. Once you’ve done as much of this as you can, move on to the 2nd step (coming soon).

Get $125 from Equifax Data Breach Settlement and Finance Friday Articles

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If you want to find out if your personal info was affected by the Equifax Data Breach, you can go to this website:

Further info is available here:

At a minimum, you can get $125 or free credit monitoring if you were affected. It takes a minute to file a claim if you were affected.

Here are this week’s articles:

4 Ways Your Fear of Loss Impacts Your Finances

Balancing the Need to Take Risk

Different Ways to Make Five Million Dollars in Real Estate

Financial Freedom in Ten Reliable Steps

How Time-Consuming is Investing in Real Estate?

Life Goal: To Lose a Million Dollars

Pay to Play – Divide Your Wealth Into Physical and Social Wealth Components

Should We Employ Our Own Kids? (and How Much to Pay Them)

The Financial Benefits of Residential Solar

The Optimal Portfolio

The Problem With FIREing At 4% And The Need For Flexible Spending Rules

The Tale of Two Doctors: The First Paycheck

The Work Required to Behave in the Markets

We Are Often Frugal, But Rarely Cheap

What is the Best Asset Allocation for Retirement?

What You Need to Know about Fundrise and DiversyFund

Which Assets Should You Spend First in Retirement?

Who Should Go For PSLF As An Attending Physician?

Why A Physician Should Work Full-Time

Why military retirees may no longer have to wait 180 days to start a job at DoD

You May Have Longer Than You Think to Invest For Retirement

You Need an Investing Plan