VA: TSP, 401K, EDRP questions

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Hi Allnurses,

My benefits package arrived and I took a glance at it. Like most on this forum I knew the VA had some great benefits, but they are much better than I could have predicted. I've never had a 401K/ TSP. We are trying to decide how much we would like to contribute to the plans considering they are pre- tax deductions. Can anyone give any insight on how they are using this plan and what are some of the pros & cons. I'm considering contributing the max (I'm 25 years of age). Any information is appreciated :)

Education Debt Reduction Program: has anyone used this program? I read in a previous post that u must apply within 6 months of hire. How long does it take before they will begin making payments?

Thanks in advance :)

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Specializes in Anesthesia.

Try to contribute at least 10%. Since it's all pre-tax dollars it affects your take home pay less than you would think.

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I would agree with progressivethinking. I would contribute at least up to the amount that they will match, which I think is 5%. Check out Paycheck Calculators | Online Payroll Calculators | Paycheck City and they give you and idea of how much your take home pay would be if you contribute to a 401k or other pre-tax benefits.

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Hi wifeandmommy RN,

I am also interested in working as a nurse with the VA in the Atlanta Metro area once I complete school. How was the hiring process? What is your work schedule like and what VA will you be working at?

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I think the 10% contribution is the best option, thanks for that recommendation :)

Jonesgeo, thanks for the link. That website is awesome, very helpful in putting it all together. My hiring process was pretty quick as compared to others from the time I completed my app, until my actual start date was a total of 2 months. I'm on M/S, days 7a- 730p.

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Are most units at the Atlanta VA on 12s or 8s? Thanks.

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