I would like to add that when we use TIFFs we typically have adjustment layers in our images. So when you save something in stages you can always change that adjustment layer later on.
You can also save channel masks with tiffs.
I love organizing, can't stand extra stuff just lying about.
I usually save web jpgs in the root folder (top folder) as a handy index to what's in the RAW & Converted folders.
For simple shots that are only cropped & sharpened in PS, I usually delete the tiff after 'cause RawShooter saves the changes made in conversion & I don't need to keep the 3X+ size of the tiff.
For instance, I use the RSE/RSP Snapshot feature & I can save several versions if I need a light & dark exposure for contrast control. The saved conversion info only takes up about 1KB of disk space.
OTOH, I'll save complex tiffs with a lot of layers & selections AS TIFFs, because if I'd saved as .psd, then I'd have both the .psd file & the original .tif on the hard drive, & who needs that?