Which are the following may a military Tech spared the duck if they do not itemize...

Which are the following may a military Tech spared the duck if they do not itemize How does the military thrift savings plan different from the uniform service retirement plan

Expert Solution

The thrift savings plan (TSP) of the military is a defined contribution plan that bears a close resemblance to a 401(k) plan. It is a retirement savings and investment plan that serves the purpose of providing retirement income. The five main funds in case of TSP are:

The G Fund – This fund invests in government securities.
The F Fund – This fund invests in U.S. Government bonds, corporate bonds and foreign government bonds.
The C Fund – This fund invests in the stock market.
The S Fund – This fund primarily invests in stocks of smaller companies.
The I fund – This fund invests in international stock markets.

Uniform Service Retirement Plan is a defined benefit pension plan. The pensions are computed based on a percentage of number of years of service. The contributions are made by payroll deduction and are fully tax-deductible. Majority of investments are done in government securities and sovereign bonds.

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