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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]Can someone explain how the TSP works? What are the required contributions? The amounts are so much higher than 401(k)s.[/quote] TSP is just the federal employee version of a 401(k)-- has pretty much exactly the same rules (such as contribution limits). There is some matching, so it works out if you put in 5% of your salary, the govt will match that 5% (they won't give you more if you put in more, and if you put in less you will get less).[/quote]
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