[Stand-To!] The Thrift Savings Plan (TSP) February 13, 2006 (UNCLASSIFIED)

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Mon Feb 13 09:28:02 EST 2006 

Classification:  UNCLASSIFIED 
Caveats: NONE
 
 
 
  _____  

 <http://www.army.mil> 
 <http://www.army.mil/standto/> 
 
Edition: Mon, February 13, 2006
Printable Version
<http://www4.army.mil/news/standto.php?printable&dte=2006-02-13> 

SENIOR LEADERS ARE SAYING


We need to grow Soldiers to be leaders. We are going to be at war a long
time; we need to do this right.

Kenneth O. Preston  <http://www.army.mil/leaders/leaders/sma/biography.html>

Sergeant Major of the United States Army 


TODAY'S FOCUS


The Thrift Savings Plan (TSP) 

The Thrift Savings Plan (TSP) is a government-sponsored savings and
investment program that offers tax-deferred opportunities similar to the
civilian sector's 401 (k) plan. All Soldiers have the opportunity to
participate in TSP at any time. 

The TSP offers L Funds or Lifecycle Funds which provide a time-targeted
professionally determined investment mix among the individual TSP funds. The
L Funds are ideal for Soldiers who don't have the knowledge or time to
devote to managing investments among the TSP funds. 

For the Soldier's that want to manage their own account, TSP offers five
individual funds. The Soldier can choose one or more funds and decide what
percentage to invest in each. 

Important information regarding TSP accounts:

* The TSP account belongs to the Soldier. A Soldier may start, stop or
change contribution amounts at anytime and change investments among the TSP
funds.

* Soldiers can transfer money from other eligible employer 401(k) type plans
or individual retirement accounts (IRAs) to their TSP account. 

* If a Soldier is age 50 or older, he/she can make catch-up contributions.

* Soldiers may borrow from their account. The amount borrowed is repaid
through payroll deduction.

* Although soldiers may not make a full withdrawal of their TSP account
while still an active military member, under certain circumstances, an
in-service withdrawal for financial hardship or age-based withdrawal may be
available.

* Soldiers are given a choice of withdrawal options after they separate.
They don't have to withdraw their money, but leave it in to compound
earnings for future use in retirement years. 

To open an account, go to my pay website
<https://mypay.dfas.mil/mypay.aspx> . Once a Soldier signs into myPay, he or
she can select the TSP option to start, change, or stop contributions.
Soldiers may also submit Form TSP-U-1 (a copy can be downloaded from the TSP
Web site at www.tsp.gov) through their finance office. 

For additional information: 
www.tsp.gov  <http://www.tsp.gov/> 
my pay  <https://mypay.dfas.mil/mypay.aspx> 
The Thrift Savings Plan
<http://www.military.com/Resources/ResourcesContent/0,13964,30997-mil_status
_reserve-,00.html> 
http://www.defenselink.mil/militarypay/tsp/
<http://www.defenselink.mil/militarypay/tsp/> 



INFORMATION YOU CAN USE


New section for Stand-To! News 

A new section has been added to the News portion of Stand-To!.
This week, a section entitled "What's Being Said in Blogs" will be filled
with blogs from around the country pertaining to the Army and DoD
communities. 

For those who are not familiar with what a Blog is, there will be an
upcoming Focus of the Day dedicated to the topic. 


NEWS ABOUT THE ARMY



*	Opinion: 'Is Army billing troops for their gear?' (BB
<http://www.baxterbulletin.com/apps/pbcs.dll/article?AID=/20060213/OPINION01
/602130312/1014/OPINION> ) 

*	Army may face officer shortage by 2007 (HST
<http://www.dfw.com/mld/dfw/news/nation/13860467.htm> ) 

*	1st ID unit to train Iraqi security forces (AT
<http://www.armytimes.com/story.php?f=1-292925-1522492.php> ) 

*	Army green (APM
<http://marketplace.publicradio.org/shows/2006/02/08/PM200602087.html> ) 

*	Springs area braces for storm of Soldiers (CSG
<http://www.gazette.com/display.php?id=1314606&table=story_archive&sec=1>  |
EB <http://ebird.afis.mil/ebfiles/e20060213416611.html> ) 

*	Army begins CAC logon for computers (ARNEWS
<http://www4.army.mil/ocpa/read.php?story_id_key=8570> ) 

*	Nemechek finishes ninth in Bud Shootout (ARD
<http://www.autoracingdaily.com/article.php?cid=5667> ) 

*	Guard leaders laud Army's Olympic athletes (ARNEWS
<http://www4.army.mil/ocpa/read.php?story_id_key=8568> )


WAR ON TERROR NEWS



*	Iraqi troops distrust U.S. (Newsweek
<http://www.msnbc.msn.com/id/11300383/site/newsweek/> ) 

*	Can Shiite Jaafari unify the new Iraq? (CSM
<http://www.christiansciencemonitor.com/2006/0213/p06s02-woiq.html> ) 

*	Intelligence downplayed in Iraq policy (NPR
<http://www.npr.org/templates/story/story.php?storyId=5200992> ) 

*	The Iraqi insurgency is still primarily an anti-occupation effort
(SLATE <http://www.slate.com/id/2135859/?nav=fo> ) 

*	Iraqis forming new government (CNN
<http://www.cnn.com/SPECIALS/2005/iraq.transition/> )


OF INTEREST



*	Afghanistan: Exporting tactics of terror (Newsday
<http://www.newsday.com/news/nationworld/world/ny-woafgh0212,0,1751310.story
?coll=ny-leadworldnews-headlines> ) 

*	In Algeria, Rumsfeld welcomes counter-terrorism cooperation (VOA
<http://www.voanews.com/english/2006-02-12-voa24.cfm> ) 

*	Commentary: 'Needed: more troops, not high-tech gadgets' (CSM
<http://www.christiansciencemonitor.com/2006/0213/p09s01-coop.html> ) 

*	Innocent, but in limbo at Guantánamo (CSM
<http://www.christiansciencemonitor.com/2006/0213/p03s03-usju.html> ) 

*	Wanted: A few good Taliban recruits (Newsweek
<http://www.msnbc.msn.com/id/11299428/site/newsweek/> ) 

*	British soldiers seen on video beating Iraqis (PI
<http://www.philly.com/mld/inquirer/news/nation/13857612.htm> ) 

*	Violence surges along U.S.-Mexico Border (NPR
<http://www.npr.org/templates/story/story.php?storyId=5203014> ) 

*	Bone condition hampers Soldiers' recovery (USAT
<http://www.usatoday.com/news/health/2006-02-12-bone-condition_x.htm> )


WORLD VIEW



*	Danish PM meets moderate Muslims (BBC News <http://news.bbc.co.uk/>
| story <http://news.bbc.co.uk/2/hi/europe/4708312.stm> ) 

*	Rice: Protests could get out of control (Deutsche
<http://www.dw-world.de/dw/0,1595,266,00.html> Welle | story
<http://www.dw-world.de/dw/function/0,2145,12215_pg_8,00.html> ) 

*	Defiant Saddam says forced to return to Iraqi court (Reuters
<http://today.reuters.com/news/home.aspx>  | story
<http://today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2006-
02-13T115053Z_01_L13280805_RTRUKOC_0_US-IRAQ-SADDAM.xml> ) 

*	Editorial: 'Britain's Abu Ghraib' (Arab News
<http://www.arabnews.com/>  | story
<http://www.arabnews.com/?page=7&section=0&article=77727&d=13&m=2&y=2006> ) 

*	General faults U.S. on Iraqi military (International Herald Tribune
<http://www.iht.com/>  | story
<http://www.iht.com/articles/2006/02/10/news/army.php> ) 

*	Opinion: 'America's perennial war' (Gulf News
<http://www.gulfnews.com/home/index.html>  | story
<http://www.gulfnews.com/opinion/columns/world/10018303.html> ) 

*	Taliban ambush Afghan militia (Aljazeera
<http://english.aljazeera.net/HomePage>  | story
<http://english.aljazeera.net/NR/exeres/EED13CEF-9E09-44D3-AFFB-C2062BB16771
.htm> )

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Classification:  UNCLASSIFIED 
Caveats: NONE
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