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Do you have TSP and how do you disperse the options?

Do you participate in the TSP?

  • Yes

    Votes: 20 69.0%

  • No

    Votes: 7 24.1%

  • Thinking about it.

    Votes: 2 6.9%
  • Total voters
    29
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fc2spyguy

fc2spyguy

loving my warm and comfy 214 blanket
pilot
Contributor
Just wondering how many people are using the TSP? I have it and have the max 9% along with 2k going to a roth account. Just started TSP 2 years ago and the ROTH in 99'. I was looking around the net and one of the major investment companies had several investmen strats and figures since I'm young I went with the most aggressive. C-Fund 30% S-Fund 30% I-Fund 40%.

Just curious what others are doing with it and how they decided to go with that plan.
 
The retirement tax credit thing is what's really cool about these retirement plan options. I'm investing in C, S, and I.

<Disclaimer>Posting completely fvucking wasted. No idea if this actually makes any sense. (Took 10 minutes to type out) DEPLOYMENT IS PHUN!</Disclaimer>
 
I just signed up (for a third time in two years mind you) this past drill weekend. I'm having 9% taken out of my measily E-3 drill pay... assuming they actually file the paperwork this time (our FTS is a bunch of slackasses). I'll probably put the money in the most agressive option because I don't plan on touching the cash for at least another 18 years regardless of whether or not I get picked up for OCS.
 
FYI, the max has been raised to 10% of basic pay this open season (which runs to 31 DEC). Since I'm only 23 and, needs of the Navy willing, planning on making the Navy a career; I chose the C S I since I have plenty of time.
 
I am a federal employee so I also have TSP. Right now I am in G funds b/c I haven't changed it yet. However, at the young age of almost 24 I am going to switch to F, C, and I funds. I feel that the risk is warranted at such a young age.
 
Just raised my contribution to 10%. Won't take affect until January 1st so I won't even notice the raise with the 3.5% pay raise we're getting. Makes sense to me I guess.
 
The official Roth IRA website says you can contribute a maximum of $3,000 to your IRA now, and it should be expanded substantially in the coming years.
 
For Roths, on 01 Jan 05 max will go up to $4k a year.

I started TSP after I maxed out a ROTH and a few other things.
 
If my wife is maxing out her Roth IRA, and I am maxing out my TSP (10% of my pay), can I also have a Roth IRA? What is the max contribution for a family? Thank you.
 
for a family it's esentially doubled. you can both have individuals as another option vice one family. You can have a roth, a traditional, and a TSP since TSP is considered like a "401k"

suggestion to all: unless you need the tax break now, max out a roth, then contribute the remainder to TSP or a traditional IRA.
 
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