imported post
Scout11, I am an active duty GySgt. I have been investing in the TSP for about 2 years now. The bad news for you is that you have to wait for an open season however, you can gain knowledge here prior to the open and have a better understanding of how you want to invest.
I believe there are two open seasons a year, Every 6 mos
off the tsp site
[align=center]Elimination of the TSP Open Seasons: July 1, 2005[/align]
[align=left]Public Law 108-469, which was signed into law on December 21, 2004, eliminates the Thrift Savings Plan open seasons and the restrictions on contribution elections which are tied to open seasons. The Federal Retirement Thrift Investment Board will implement this law on July 1, 2005. After the close of the current TSP open season (December 31, 2004), there will be one more open season, April 15 through June 30, 2005. This means that participants may file contribution elections with their agencies or uniformed services at any time beginning April 15. Through June 30, these elections will be processed under the current rules. Beginning July 1, contribution elections will be processed under the new rules — that is, the elections must be made effective no later than the first full pay period after they are filed. [/align]
Participants must continue to file contribution elections with their agencies or services, and the agencies and services must continue to implement the elections by deducting contributions from participants' pay and reporting these amounts to the Thrift Savings Plan each pay period.
The law does not affect the waiting period new employees covered by the Federal Employees' Retirement System must serve before they become eligible for agency contributions to their accounts. In addition, the law does not affect contribution allocations or interfund transfers, which can be made at any time by using this Web site or the ThriftLine or by submitting an Investment Allocation form to the TSP.
Hope this helps
I was at Quantico, # years with the Marine Corps Rifle Team, Tell your brother Semper Fi