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Reply to "Amount in TSP? Age? Years in Government? GS Level?"
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[quote=Anonymous]I am new to the government, so I don't understand all the benefits ... If you work in the private sector, maxing out your 401k is critical since that is a big, possibly only depending on what happens with the social security system, part of your retirement. Maxing out the TSP contribution doesn't seem as important since FERS will provide a big (around 30%) of our income during retirement. Are people maxing out the contribution because they have extra income and want to take advantage of the tax benefits and low fees of the TSP?[/quote]
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