22 Feb 2021
The Thrift Savings Plan is the first thing that comes to mind when many military members think about investing. The TSP is a great investment vehicle and should be a big part of your retirement planning. However, there are other retirement plans you may be able to invest with, including an Individual Retirement Arrangement, or IRA.
IRAs have a few advantages over investing with the TSP. First, you have access to a wider range of investments. The TSP is limited to five basic stock and bond funds, plus a variety of target date funds. But IRAs can hold investments in stocks, bonds, mutual funds, Exchange Traded Funds (ETFs), precious metals, real estate and much more. Just make sure your investments fit in your overall investment strategy.