So my 18 year old nephew is asking my advice about his TSP elections and contributions.
I'm thinking the young lad should go with max contribution to Roth. Yes he will not get a tax deduction but he shouldn't have a tax liability as his income is less than peanuts. Right?
He says what about emergency fund. I say any emergency while in army would be Uncle Sam's issue, not his. Am I right here too?
I'm thinking the young lad should go with max contribution to Roth. Yes he will not get a tax deduction but he shouldn't have a tax liability as his income is less than peanuts. Right?
He says what about emergency fund. I say any emergency while in army would be Uncle Sam's issue, not his. Am I right here too?