1. I'm not familar with the details of the Thrift Savings Plan but my understanding is that the contribution limits would be controlled by the plan and the IRS reqirements and I believe that the limits will be the same as for a 401k. The IRS limit for 2006 will be $15,000 plus an additional $5,000 for those over 50 years of age.2. Employer contributions do not count toward the contibution limits.3. http://news.morningstar.com/pdfs/TaxActTimeline2003.pdf will provide the contribution limits for the next several years assuming the feds do not change any of the provisions.4. I suggest you check IRS Publication 590 to see the conditions under which you can contribute to a IRA.I have heard a lot of positive things about the TSP and I think you could do a whole lot worse than using index funds in retirement accounts. I would suggest you do some more reading about index funds including some of the online debates on the Fool message boards regarding the recent Fool article that you referenced. http://boards.fool.com/Messages.asp?mid=21084913&bid=100111 might be a place to start.Bob
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra