Q. I’m retired military with a generous pension now working for the federal government as a civilian at age 52. I’ll probably stay on board for about 10-12 years. My military retirement provides all my benefits, and I would like to invest in TSP for my remaining time in federal service. With outside investments, retirement and Supplemental Security Income, I’m set for retirement and can afford to take chances with TSP. How much should I put toward TSP? What fund(s) would you recommend to someone in my position? What would be your prediction (best and worst) as to what the investment would look like in 10-12 years?
A. Under the circumstances you’ve described, it doesn’t matter how much you contribute to the TSP or how you invest what you contribute. You’ll have to experiment and see which combination of contribution rate and investment strategy best satisfies your urge to speculate.