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www.tonywalkerfinancial.com orcall 1-877.499.WALK Retirement Specialist – Tony Walker, from Tony Walker Financial, talks with a caller about their Thrift Savings Plan. Tony has over 25 years of experience in the financial services business and is a leader in his community. He is an author, a film maker, and currently appears every Monday morning on NBC affiliate WAVE TV in Louisville Kentucky, where he is co-host on a live call in show answering questions from an audience of over 500 thousand households. And just as importantly, Tony has a real pulse on what Americans are thinking since he works personally with so many people, from all walks of life.

I have a Roth IRA and i’ve contributed the max of $5000 for both years 2010 and 2011. Now i also contribute 20% of my paychecks into the government Thrift savings plan. With i go over the max of 5000 this years since im contributing into the TSP as well? Or is it even considered in the same group of investments?

If it is what are the penalites for contributing more than $5000 a year.

thanks any links or information will help

What is the most beneficial way for my group and specifically myself to save money for retirement?