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Reply to "s/o - if you're a fed, how much do you have in TSP & how old are you?"
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[quote=Anonymous][quote=Anonymous]I'm not a fed. How is TSP different from 401k? .[/quote] The TSP is the 401(k) of the govt. 401(k) refers to the code section. Public sector and nonprofit workers have plans described elsewhere, but the plans are pretty similar even though the name is different. The TSP is a pretty good plan unless you want to be an aggressive manager of your assets. It runs cheap because govt workers save at high rates and because we accept a fairly plain vanilla plan (check out a fidelity website and you will see). I think the people who run it do a great job. I'm not yet one of those millionaires but am on track to be one. I put the max in every year. I drive a crappy car and have a small house. [/quote]
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