chEEr FroM pAgE 2 - Hurlburt Warrior

Page | Hurlburt Warrior | Friday, December 28, 2012
cheer From page 2
and I believe we did.”
While visiting with
the residents, Senior Airman
Allison LaPraim, a
paralegal of 1st Special
Operations Wing Staff
Judge Advocate, said her
favorite part was learning
more about their families
and how they viewed every
Airman as a member of
their own.
“I enjoyed the lovely
lady who gave me a hug
and embraced me with her
whole heart - that was very
touching,” LaPraim said.
“It definitely moved me.
I feel that every Airman
should experience this.”
As they left the village,
the Airmen said they not
only gained a deeper appreciation
for the holidays
and the generations of Airmen
before them but for
their extended Air Force
family serving around the
world today.
“It was a great honor
SENIOR HAIRCUT
ADULT HAIRCUT
MILITARY HAIRCUT
(62+
$ 11
years of age)
95 $ 12
(Active or Retired
95 $ 10
Military Personnel)
95
Coupon valid only at participating locations. Not valid with any other offer.
No cash value. One coupon valid per customer. Please present coupon prior
to payment of service. ©2012 Supercuts Inc. Printed U.S.A.
Expires: 01/31/13 C777
Senior Airman Joe McFadden | USAF
Airman 1st Class Rayna Yamamoto, a COMSEC accountant
of 1st Special Operations Communications Squadron
and president of Hurlburt Airman’s Voice, right, visits
with a resident of the Air Force Enlisted Village during a
holiday card delivery at the Hawthorn House in Shalimar,
Dec. 19. The junior enlisted forces of Hurlburt Field and
Kunsan Air Base, Republic of Korea, teamed together to
to work with HAV again,”
Borgman said. “We thank
our fellow Hurlburt Airmen
for being able to walk
in and hand-deliver each
Coupon valid only at participating locations. Not valid with any other offer.
No cash value. One coupon valid per customer. Please present coupon prior
to payment of service. ©2012 Supercuts Inc. Printed U.S.A.
Expires: 01/31/13 C777
card with a smile and a
hug. Although we are a
little jealous we couldn’t be
there, we are glad they can
for us.”
Color Service starts at $49.95
Highlights start at $44.95
CRESTVIEW
ACROSS FROM WALMART
3379 FERDON BLVD. S
850-423-1177
BLUE WATER BAY
WINN-DIXIE SHOPPING CENTER
4520 HIGHWAY 20 E
NICEVILLE
850-897-9933
NOW COMING OPEN SOON!
2ND LOCATION IN CRESTVIEW
PUBLIX SHOPPING CENTER
2262 SOUTH FERDON BLVD.
850-683-8000
OPEN 7 DAYS A WEEK
1-800-SUPERCUTS | SUPERCUTS.COM
Coupon valid only at participating locations. Not valid with any other offer.
No cash value. One coupon valid per customer. Please present coupon prior
to payment of service. ©2012 Supercuts Inc. Printed U.S.A.
Expires: 01/31/13 C777
6515972
Roth versus traditional
Thrift Savings Plan
By Senior Airman
Jette Carr
27th Special Operations Wing
Public Affairs
CANNON AIR FORCE
BASE, N.M. — Due to the
wide scope of the Thrift
Savings Plan, the focus of
this article has been narrowed
down to how this
program functions for active
duty military members.
To get more information on
the TSP outside of these
parameters, visit their
homepage.
Recent changes with
the Thrift Savings Plan,
such as the introduction
of a Roth TSP, prompted
individuals within the Airman
& Family Readiness
center at Cannon Air Force
Base, N.M., to hold a class
giving an overall purview
of this retirement savings
program, Dec. 12.
Though Airmen have a
defined benefit plan that
takes effect after 20 or
more years in service, that
alone may not be enough
to continue their current
lifestyle upon retirement.
This is where other avenues
such as a TSP come
in; adding additional funding
to supplement their
current plan that can be
accessed penalty free six
months after the individuals
59th birthday.
A TSP is a defined
contribution plan, where
a person may invest their
money in a variety of specific
funds, each with a
different level of risk and
return. Military members
can opt for a percentage of
their pay, up to the amount
of $17,500 during the year
2013, to go into the fund
automatically each month.
Magnolia Grill
magnoliagrillfwb.com
Tom & Peggy Rice • Proprietors
850-302-0266
157 Brooks St. SE, Fort Walton Beach, FL
Bridal Luncheons • Rehersal Dinners • Unique Receptions
7937524
Those serving in a tax-free
zone are able to contribute
up to $51,000 in 2013.
The main difference between
the traditional TSP
and the Roth is when the
money is taxed.
A traditional TSP gives
an initial break - the funds
are tax deferred until withdrawal.
The Roth TSP, however,
is taxed as the money
goes into the account and
is withdrawn tax free. A
way to measure which is
more beneficial is to determine
whether a person’s
tax bracket will be higher
now, or in the future.
“In different stages of
your life you have different
needs and different priorities,”
said Linda Sapp, 27th
Special Operations Force
Support Squadron Airman
& Family Readiness Center
community readiness consultant.
“Some need the tax
break now. For those individuals,
the traditional TSP
may be better. For others,
the fact that earnings are
not taxed on withdrawal is
enticing and the Roth may
be a better option. It all depends
on each individual’s,
or families’, tax needs.”
Another defining factor
is that a Roth TSP cannot
have money withdrawn
without penalty before it
has grown five years from
the account start date.
Both the traditional
TSP and Roth will have to
be converted to a different
retirement plan after
an individual gets out of
the military if they want
to keep contributing funds.
If not, they can leave it
alone to grow. According
to the TSP official homepage,
traditional TSPs can
be transferred out to eli-
See roth page 11