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Subject:  Re: Roth IRA vs. TSP (Thrift Savings Plan0 Date:  5/19/2001  11:26 PM
Author:  JAllen2 Number:  29789 of 78166

I have to tell you if you can only fund one DO NOT FUND THE TSP!!!

I to am a fellow military member and have been worried about some of the briefings I have received from various people about the tremendous opportunities TSP will provide. Without a doubt it is a great thing that the government is allowing us to do now. However, the problem with the TSP program is there is a very limited amount of investments you are allowed to do in it. I believe there is going to be a total of five different investment choices (S&P 500, International, Gov. Bonds, 2 others). A Roth IRA will allow you to invest in virtually anything. At first this is not an issue since most people put money into a nice Mutual Fund or Index fund and forget about it, but as most people will tell you in fooldom you can do much better.

The benefits of the TSP program are as follows:
1) The military is allowed to match your funds you place into the TSP program, but at this time no branch is planning on doing so...i