You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.
Wow, thanks for your service and that of your family! Thankfully, there’s no connection between the new Roth TSP and your grandson’s Roth IRA. He can actually do both without impacting the contribution limits of either. For those under age 50, $5,000 is the Roth IRA contribution limit while $17,000 is the limit for the TSP. Although, if your grandson or other servicemembers are serving in a tax-free combat zone, contributions made don’t count towards the $17,000. In that case, the maximum total contribution to the TSP would be $50,000. That would be some serious tax-free potential!