I am looking for some Foolish advice. I am 29 years old and I recentlystarted 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? Starting in July you will be eligible for matching contributions from your agency, so then you will be better off taking the full TSP match. Until then, I would max out your two Roths. Next year that would be $3000 per spouse.
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