Results 1 to 7 of 7

Thread: Should I get a Roth?

  1. 04-05-2008, 09:28 PM #1
    AFMark
    AFMark is offline Rookie
    Join Date
    Apr 2008
    Posts
    11

    Default Should I get a Roth?

    Well I have been investing in the TSP for 3.5 years now and I have put most of it in G, F, and International funds. Recently I have moved everything to to the L2040 because I am just not sure of myself yet or confident enough to move things around all the time. I am learning, and maybe soon I will be confident to do these things.


    My question is, I have been hearing and reading everywhere that a Roth IRA is what I need to be doing. Right now I am doing 8% of my pay into the TSP. If I get a Roth, I would definatly lower that to 3 or 4 and try to put more into the ROTH. What do you guys/gals think? Is a Roth a better option for me right now?
    Reply With Quote Reply With Quote

    2.  
  2. 04-05-2008, 09:38 PM #2
    Show-me's Avatar
    Show-me
    Show-me is offline TSP Guru
    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,437

    Default Re: Should I get a Roth?

    Always get the match if available and then fully fund the Roth.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
    Reply With Quote Reply With Quote
    3.  
  3. 04-05-2008, 09:41 PM #3
    AFMark
    AFMark is offline Rookie
    Join Date
    Apr 2008
    Posts
    11

    Default Re: Should I get a Roth?

    Match is not an option for the military.
    Reply With Quote Reply With Quote
    4.  
  4. 04-05-2008, 09:49 PM #4
    Show-me's Avatar
    Show-me
    Show-me is offline TSP Guru
    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,437

    Default Re: Should I get a Roth?

    And, welcome.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
    Reply With Quote Reply With Quote
    5.  
  5. 04-05-2008, 09:52 PM #5
    Show-me's Avatar
    Show-me
    Show-me is offline TSP Guru
    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,437

    Default Re: Should I get a Roth?

    If it were me I would go with the Roth. Your taxes are probably very low right now so why put tax deferred money away so you can pay taxes on it and the earnings when you retire.

    JMO.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
    Reply With Quote Reply With Quote
    6.  
  6. 04-05-2008, 09:54 PM #6
    Show-me's Avatar
    Show-me
    Show-me is offline TSP Guru
    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,437

    Default Re: Should I get a Roth?

    I see you are in a combat zone from another thread so you can really stick it to the tax man. You pay no taxes on your earning put it in a Roth and you pay no taxes on it or the earnings when you retire. Double the fun! Something to look into.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
    Reply With Quote Reply With Quote
    7.  
  7. 05-23-2008, 09:13 PM #7
    roskopfm
    roskopfm is offline TSP Starter
    Join Date
    Dec 2006
    Posts
    90

    Default Re: Should I get a Roth?

    we need the roth inside of the TSP. I urge you to call you congressman so that maybe we can push the TSP Board and moving ahead.
    Reply With Quote Reply With Quote
    8.  
« Previous Thread | Next Thread »

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules

S&P 500 (C fund)
 [Chart]
1d  5d  3m  6m  1y  2y		 Dow Completion (S fund)
 [Chart]
1d  5d  3m  6m  		EFA (I fund)
 [Chart]
1d  5d  3m  6m  1y  2y		 Bonds (F fund)
 [Chart]
1d  5d  3m  6m  1y  2y