Page 106 - The Informed Fed--Hearn (edited 10.29.20)

3) At retirement or 59½ (whichever comes first) consider rolling
TSP funds into an IRA.
4) Compare before paying service charges or annual fees!

Increase Retirement Income:

1) Invest at least 10% of every dollar earned. For employees earning
$52,000/year, that’s $200/paycheck.
2) If you’re just starting to invest and you’re over 30, invest 15%
($300/paycheck).
3) If you’re over 40 and just getting started, you will want to invest
15- 20% ($300-400/paycheck).
4) Your first dollars should go into the TSP to take advantage of
the matching funds.
5) Your next dollars should be directed into a Roth IRA with guar-
anteed interest. MAXIMIZE that fund every year!
6) Additional funds should go toward debt reduction, equity or
purchasing hard assets or real property.
7) DO NOT use your retirement for speculation, no matter how
sure it looks, or making loans to friends or family, no matter how
urgent the need.

105