Our son is getting ready for boot camp, and we have a couple of questions about the TSP. First of all, when will he be given the opportunity to sign up?

Secondly, does he specify a percentage of income to be contributed, or can he specify a certain amount, say $150 per month? Is there a ceiling percentage?

He's torn between investing in a ROTH and the TSP. The Roth is more attractive to him, but he likes the TSP feature that rebalances the portfolio automatically each quarter. Are there any ROTH funds that do this for you?

Thanks!

You will need to get additional information from someone else on the in and outs of the TSP and 'rebalancing' & contributions. In general, rebalancing on a quarterly basis isn't needed, espcially given a low initial contribution level. Making regular contributions on the other hand..... well that is very important.

A person can purchase what are call 'life-cycle' or 'target retirement date' mutual funds within a ROTH IRA. There are many investment choices with various fees and risks. Going for a no-load, low cost fund, and segregated fund (meaning the fund is not a portfolio of other retail funds) is my only suggestion.

'On Target'- Motto of 1/84 FA (LAR)