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I am 20, no debt, have $17,500 in my bank account, and a maxed out Roth IRA for 2013.
Within my Roth IRA, I own a Vanguard Target Retirement 2060 Fund.
My issue is this:
I am enlisting soon into the military where I plan on contributing right away to the Roth Thrift Savings Plan. The max is $17,500 which I know I won't be able to max along with maxing my IRA.
My question though, is what fund would I invest in? Would it make sense to invest into individual funds within the TSP or invest into a SECOND target date fund (would that be pointless)?
I plan to stay 4 years. When I get out I will roll it into the existing Roth IRA I have.
Within my Roth IRA, I own a Vanguard Target Retirement 2060 Fund.
My issue is this:
I am enlisting soon into the military where I plan on contributing right away to the Roth Thrift Savings Plan. The max is $17,500 which I know I won't be able to max along with maxing my IRA.
My question though, is what fund would I invest in? Would it make sense to invest into individual funds within the TSP or invest into a SECOND target date fund (would that be pointless)?
I plan to stay 4 years. When I get out I will roll it into the existing Roth IRA I have.
Quick question for you investors!?
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