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|Subject: IRA or TSP?||Date: 11/15/2001 10:41 PM|
|Author: jeo0120||Number: 32551 of 82028|
I am looking for some Foolish advice. I am 29 years old and I recently
started a new job working for the federal government. Until the middle of January, I am eligible to enroll in a tax deferred savings plan (TSP) in which I am allowed to contribute up to 7% of my pre-tax income.
There are no matching contributions by the employer. Both my wife and I also have Roth IRA's. Here is my question: Since my wife and I are eligible to contribute the maximum amount to our IRA's right now, am I better off enrolling in the TSP or should I pass on the TSP and max out my Roth IRA instead?
Thanks for any advice,
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