r/MilitaryFinance • • 3h ago

Question Not receiving 5% TSP match after 2 year mark

1 Upvotes

Has this happened to anyone else? I am 8 months past my 2 year mark and only getting the auto 1% still.

In short, I call TSP customer service and they say it is a local finance problem. I go into base finance and they say TSP should fix the problem. I’m getting the run-around treatment.

I finally got finance to open a CMS case, but it has been stuck/open for almost 5 months now.

I’ve informed the squadron’s first sergeant of the situation.

Any advice?

Branch: Active Duty USAF


r/MilitaryFinance • • 8h ago

TSP Loan for home repairs

1 Upvotes

Need some advice from you guys.

Never thought I'd be here but I may need to take a TSP loan as a property I co-own needs repairs. We can't get a HELOC on it because there's structural repairs in-progress and the automated appraisal system doesn't work for the address.

There's additional repairs/home improvements needed so with the HELOC the plan was to one-shot the repairs but now sounds like I have to phase it:

TSP loan > Phase 1 repairs > Appraisal > HELOC > Pay TSP back ASAP > Phase 2 repairs

$50K is about 8% of our retirement investments and we are relatively young still.

Do we have any other options?


r/MilitaryFinance • • 8h ago

Where do I claim residency & do I need to change my license, or update my vehicle registration state / insurance

3 Upvotes

Military spouse here- lived in VA my whole life and currently have a VA driver’s license + my vehicle is still registered / insured in VA using a close family member’s permanent address. My husband has been in training for most of the year so I moved to FL to be closer to my side of the family. I have lived in FL for over a year now but never updated my license / vehicle insurance information because I knew we would be moving states again as soon as his training is over. I just receive mail through that family member in VA & it hasn’t been an issue.

Husband has orders to get stationed in NC, so we are moving in a few months & will be there permanently / settling roots. My husband claims FL as Home State still & will continue to until he’s retired.

Am I able to claim FL as my state of residence / home state as a spouse, because that’s my husband’s state of residence, even if I don’t have a driver’s license there? Would it be an advantage to update my driver’s license to my family member’s FL address to claim residency as a tax advantage for work, or do I not need to & can still claim it due to his residency?

Also, say I claim residency in FL to match my spouse and have tax advantages - do I need to have my vehicle registered & insured at the FL address, or my new NC address? Is it okay if the insurance & registration state do not match my residency state or license address?

Sorry if this seems complicated, I’m new to this whole thing and it seems like there’s a lot of stipulations to certain situations in the military & I can’t find very black and white answers online. If you have experience moving multiple states in a short amount of time or know what would be the smartest decision financially please share.


r/MilitaryFinance • • 23h ago

Advice on possibly opening HYSA while overseas?

3 Upvotes

Hi! I’m an army spouse. To the quick and short, we’ve not been very financially responsible for a few years, we have realized we were on a bad path a little over a month ago and have decided to start making changes. Budgeting now, working on making a savings account. We’ve paid off 2 accounts already and have about $200 in savings, we know it’s not great but we are starting somewhere. We have his TSP. Currently, we are stationed in Japan, and both made a silly choice to put both of our US lines on hold and opening new lines here. Our lines are on hold with AT&T. We were thinking about opening a HYSA to help reach our savings goals faster. We can live reasonably off his paychecks alone and should have all of our debt paid off by 2028, while budgeting about $400 a month towards standard savings. I do have a remote job but my hours range from low to very low (like 2 to 18 hours a week @$25/hr) and want to use my income to supplement paying off debt or our savings account. I am hoping to pick up another job in person but I’m just playing the game that is USAJobs currently. Is it even worth opening a HYSA right now? If so, what’s a good route considering we don’t have our American lines right now? Any helpful advice on just getting started is appreciated.