LES
 

At boom camp when they go over the LES is there a option to set up your Thrift Savings Plan % or do they kinda just choose it themselves for you until you can access your mypay? Also does the military match a percentage of what goes into there?

They will walk you through setting up your TSP while in boot camp, the amount you contribute will always be up to you. You will chooses between either a set dollar amount or a percentage of pay, as well as between Roth or traditional. The military does not match anything you contribute.

Okay thank you. When my husband was in the Marine Corp he was told when at boot camp that they matched 5% but I never saw anything so I thought id ask just to make sure.

There's an online computer class that you take during boot camp... it's under "NKO" and it talks about LES, mypay, whatnot.

I already know my LES and about mypay I just wasn't really sure how the TSP was set. But that cool that they actually have a course dedicated to LES, MyPay & TSP.

You'll get a class over TSP too. It was a live lecture for us by an RDC, not a CBT (computer-based training). You can then opt in or out of the TSP with the papers that they hand out and you can add your % amount you want to put in from your total earnings. What I also did, after I graduated boot camp, was that on my next command, I scheduled an appointment with a financial advisor at the Fleet and Family Support Center. The financial advisor helped me out a lot with the TSP. You'll have to get your PIN/Acct info too via snail mail. But yea, I was taught the basics of it and how to start investing in stocks... great resource information they have. Just be willing to learn and seek out.

Remember, the navy is what you make of it.

Good to know, thank you so very much!!

Yes you get a paper form to fill out to setup your TSP account in boot, then after you can change it on Mypay.