The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/ltltemployees-of-the-federal-government-do-10215294.aspx

Subject:  Re: Pretax Investing Date:  6/24/1998  11:20 AM
Author:  Hunzi Number:  4259 of 121426

<<Employees of the Federal government do have a 401(k) program. It's called the Thrift Savings Plan
(TSP). Anyone hired after December 31, 1983 is automatically in the FERS retirement system and
can contribute up to 10% of their salary into the TSP. The government will match up to 5% of the
salary. Anyone hired before December 31, 1983 and in the "old" CSRS retirement system can
contribute up to 5% into the TSP without any government match. Anyone in FERS who is not
putting at least 5% of their pay into FERS is losing out on an immediate, guaranteed 100% return
on a before tax investment because of the matching funds.>>

That offer isn't availible to active duty military.

Regards,
Hunzi
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us