WEBVTT

00:06.140 --> 00:08.140
Hello and welcome to around the Air

00:08.140 --> 00:09.918
Force . I'm Staff Sergeant Sean

00:09.918 --> 00:12.140
Hostetler . Thanks for joining us . The

00:12.140 --> 00:14.029
Office of personnel management is

00:14.029 --> 00:16.196
rolling out new changes for the thrift

00:16.196 --> 00:18.130
savings plan . Airman first class

00:18.130 --> 00:20.250
Hillary Herrick explains how a new

00:20.250 --> 00:22.350
option may help in beefing up

00:22.360 --> 00:25.640
retirement savings . The TSP is

00:25.650 --> 00:27.817
basically just saving for the future .

00:27.817 --> 00:30.039
Right . What the T . S . P . S to me is

00:30.039 --> 00:31.928
is a program for young women like

00:31.928 --> 00:34.850
myself to uh kind of like a investment

00:34.860 --> 00:36.804
thing , we can invest more money I

00:36.804 --> 00:39.027
think every month possibly get a larger

00:39.027 --> 00:41.193
return . It's a retirement plan . Been

00:41.193 --> 00:43.360
investing in mind for about a year and

00:43.360 --> 00:45.527
a half now . I think I pretty much get

00:45.527 --> 00:47.749
it on the spot . It seems these Langley

00:47.749 --> 00:49.804
air men understand the basics of the

00:49.804 --> 00:51.971
thrift savings plan , but when I asked

00:51.971 --> 00:51.700
them about the Tsp Roth feature

00:51.710 --> 00:54.790
available in October 2012 , most hadn't

00:54.790 --> 00:57.670
heard of it with the new Roth feature

00:57.680 --> 00:59.680
contributions are taken out of your

00:59.680 --> 01:01.791
paycheck after your income is taxed .

01:01.791 --> 01:03.847
So when you withdraw funds from your

01:03.847 --> 01:06.069
Roth account , your withdrawals are tax

01:06.069 --> 01:08.470
free . What this does with this new

01:08.470 --> 01:10.630
Roth TSP . As I said earlier , it

01:10.640 --> 01:13.150
offers more flexibility and opportunity

01:13.160 --> 01:15.382
and plus it helps individuals jumpstart

01:15.382 --> 01:18.090
their retirement plan . Yeah , Airman

01:18.090 --> 01:20.257
first class clement thomas sang of the

01:20.257 --> 01:22.590
27th Intelligence Squadron says he has

01:22.590 --> 01:24.590
the TSP because he agrees that it's

01:24.590 --> 01:26.479
important to start saving for his

01:26.479 --> 01:28.368
future sooner rather than later .

01:28.740 --> 01:30.684
That's a great thing for young I'm

01:30.684 --> 01:32.796
going to do , especially if you don't

01:32.796 --> 01:34.851
know if you're staying in or getting

01:34.851 --> 01:37.018
out because if you're staying in , you

01:37.018 --> 01:39.240
might as well just start doing it . For

01:39.240 --> 01:41.462
more information about the new tsp Roth

01:41.462 --> 01:45.270
plan , visit the website www dot tst

01:45.270 --> 01:47.370
dot gov . Airman first Class Hillary

01:47.370 --> 01:49.203
Herrick Langley , Air Force Base

01:49.203 --> 01:51.880
Virginia from Air Force Studios at Fort

01:51.880 --> 01:53.880
Meade Maryland . I'm Staff Sergeant

01:53.880 --> 01:57.620
Sean hostetler Snapchat .

