I used to do the same I would keep
The original RAW
A RAW processed, 8 bit TIFF (No PS work done....straight out of the RAW)
A processed, layered, 16 BIT TIFF
Low res 700px bordered, sharpened JPEG.
I've since gotten rid of the backup 8 bit TIFF, and I'm trying to squeeze down the processed TIFFS. I did toy with the idea of saving as PSD's instead, but chose TIFF for ultimate future compatibility (just incase), and also there were no file size savings.
What about the layered PS file? Does that include minor tweak adjustments? Or just major stuff? I've been through one 'year' in my photo catalogue and flattened them all, taking 13 gig off the overall folder size, except for those with major adjustments. (Eyes, brushwork etc)