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 Post subject: Advice for a coworker
 Post Posted: Wed Feb 12, 2014 12:07 pm 
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Joined: Jul 30, 2012
Posts: 85
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Flag: United States - Texas (43)
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Looking to get people's opinions. I currently have a Roth IRA through Fidelity that I am contributing to. I'm an e4 in the Air Force and in 2012 I made $25k. I didn’t max my Roth contributions (Still paying off some debt before I can afford that). Once I am able to Max my Roth IRA I plan on contributing more than 1% to my TSP and eventually try to bump that up to max while I eventually get paid more.

One of my coworkers is getting the itch with investing and much like when I started there were so many options. He 23, and e4 and has $0 in retirement but no debt. He is thinking about two options and I wanted to get some views on them.

1. Start a Roth TSP and once he's able to max that open a Traditional IRA (TSP or broker)

2. Start a Traditional TSP and once he's able to max that open a Traditional IRA (TSP or Broker)

Either are sound options in my mind. The only reason I started with a Roth is because I don't currently make enough to take advantage of getting bumped into a lower tax bracket.

Any advice I could pass along to him? - giving him a link to this site too

Random question: Once you open a TSP account are you able to roll it over to another financial institution, or would you have to wait until you retired/separated?

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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)