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Thread: WHAT IS THIS?

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    #1

    Help WHAT IS THIS?

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    So my DB is on a deployment and he is thinking of ways to invest his money. One of those ways is through a PSD account. He told me to google it and read up on it. I asked him what it stood for and he just said PSD. Does anyone know what this stand for? So I can get some information on it....
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    #2
    Does he maybe mean TSP? The Thrift Savings Plan?
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    #3
    Quote Originally Posted by UtaCO View Post
    Does he maybe mean TSP? The Thrift Savings Plan?
    I honestly DNK... I will look that up and see if it matches what he has mentioned about it (which is not a whole lot). Thank You!!!
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    #4
    Maybe he meant SDP - Savings Deposit Program It is a savings program for those who are deployed.
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    #5
    Quote Originally Posted by dekeoboe View Post
    Maybe he meant SDP - Savings Deposit Program It is a savings program for those who are deployed.
    I bet you that is it... I will look that up. Thanks!!!
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    #6
    That's a great program...10% with no risk compared to savings accounts earning less than 1/2 of one percent! Love that thinking!! Here's a good link:

    DFAS Savings Deposit Program description
    J.J. Montanaro is a CERTIFIED FINANCIAL PLANNER practicioner with USAA Financial Planning Services one of the USAA family of companies.
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    #7
    Of course, to put money away for retirement, consider the Roth TSP while deployed. Imagine never paying taxes, tax free in and tax free out...pretty cool!! Visit www.tsp.gov to learn more.
    J.J. Montanaro is a CERTIFIED FINANCIAL PLANNER practicioner with USAA Financial Planning Services one of the USAA family of companies.

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