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 Post subject: TSP vs IRA
 Post Posted: Tue May 23, 2017 3:25 pm 
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Hello all,

I am looking for a little insight on my financial situation and what the best option might be for me.

I am in the FERS retirement system as well as the uniformed service retirement system so I have access to the TSP. At this time I can't put $18k a year into my TSP but I was wondering if it is advantageous to open a Traditional/Roth IRA even though my TSP is not maxed out. One advantage I can think of for opening an IRA is the ability to contribute funds outside of my paycheck (i.e. gifts, side jobs, etc) and have access to Roth IRA funds, if that is what I open, with no penalty.

From my understanding, a Roth TSP does not give you access to your contributions like a Roth IRA would, pretty much whenever you want, so maybe a Roth IRA and a traditional TSP would be the best scenario for me?

What I am thinking is $5500 for an Traditional IRA, which is within my tax bracket limits, and the rest, ~$7k, into a Roth TSP that is matched by my employer.


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AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)

S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)

DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)

EFA (I Fund)
iShares MSCI EAFE Index (EFA)