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Financial Planning / Thrift Savings Plan (TSP)


Subject:  TSP Advice Needed... Date:  8/9/2007  4:33 PM
Author:  slowlybutsurely Number:  64 of 93

I am new to TMF and new to investing, so I would greatly appreciate the advice of others on this issue.

Currently, my husband and I are both contributing 10% to TSP. We are not contributing the maximum available, and we're considering upping our contributions to get there. It seems like the rule of thumb for 401ks (at least among fools), is to contribute the amount to get the full match, max out a Roth IRA, and then start contributing more to the 401k if you can.

Does that advice hold for the TSP? Should we be investing in an IRA instead of putting in 10% or more into TSP? And, more generally, is it bad to invest in other areas if you're not maxing out your TSP and an IRA?
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