No. of Recommendations: 2
I am a military member who began saving for retirement only since 2000. I provide the only income which is about $3200 a month. I have no monthly debt. Right now my wife and I each have a Roth IRA which we have maxed out $2k since 2000. These accounts are in Vanguard's Extended Market Index Fund. We each have about $4400. We also have a joint mutual fund in the Vanguard 500 Index Fund. The value of this account is about $5K. We also have about $5K in savings and about $13K in a money market account. We plan to max out our IRAs and contribute $150 per month into the joint fund. The question I have is I can now join the Thrift Savings Plan which allows me to invest 7% in pre-tax dollars. This percentage will go up each year but there are no matching funds. Should I utilize this plan? If so, should I continue to fund my Roth IRA? If I should utilize the plan should I invest in stocks are perhaps diversify into bonds? I am not a big risk taker. I am a new investor and appreciate any advice. Thanks.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.