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Personal Financial Management Program
Announcements
For the most up to date information on facility closures / program changes and updates, visit mccscp.com/impact.
Overview
Contact / Hours:
Personal Financial Management Program
Bldg 13150
(760) 829-0175 | (760) 829-0245 | (760) 829-0105
cppfm1@gmail.com
| Mon–Fri | 7:30am–4:30pm |
| Sat/Sun/Holidays | Closed |
Finances are one of the main reasons Service Members experience stress on the job and also why couples argue. The Financial Management Team is here to help you achieve financial success. Sessions include:
- Individual Financial Counseling
- Developing a Spending Plan & Marriage
- Car Buying
- Consumer Awareness
- Home Buying
- Introduction to Investing
- Credit / Debt Management
- Retirement Planning
Downloads:
Additional Info
BRS/TSP
Thrift Savings Plan (TSP) What is it?
TSP is a retirement savings and investment plan for Federal employees and members of the Uniformed Services.
TSP is a retirement savings and investment plan for Federal employees and members of the Uniformed Services.
- Established in 1986
- Opened to Military in 2000
- Offers similar savings and tax benefits as 401(k) plans
- One of the largest defined contribution plans in the world
- Administered by the Federal Retirement Thrift Investment Board (FRTIB)
- Defined Contribution Plan
TSP Advantages
- Contributions to the TSP are yours no matter how long you serve
- Automatic payroll deductions
- A diversified choice of investment options
- A choice of tax treatments for your contributions
- Low expenses
- If in Blended Retirement System (BRS), you receive contributions from your Service
- In certain circumstances, you can access your money while still a member of the Uniformed Services
Variety of withdrawal options
Types of TSP Plans
- Matching contributions for those in the Blended Retirement System (BRS)
- A major difference between the “High-3” or legacy retirement system and the new BRS is that the new blended system requires a traditional TSP account for
- Service Members where the Government will contribute to the account along with the member.
- If your DIEMS date is on or after 1 January 2019, a traditional TSP account was automatically set up for you.
- All agency contributions go to a traditional TSP account, but your contributions can go to a traditional TSP account, a Roth TSP account or a combination of both.
Learn More about the TSP
Useful educational websites include:
- TSP.gov
- https://militarypay.defense.gov/BlendedRetirement/
- https://www.marinenet.usmc.mil/MVS/Channel/Home.aspx?Id=14
By Phone: TSP ThriftLine 1-877-968-3778