s/o - if you're a fed, how much do you have in TSP & how old are you?

OP here. I should have included mine. I am 41 with 12 yrs of service & have about $220K in my TSP.

I wonder if I can possibly get close to $475K by 48 like PP. Probably not!

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07/20/2011 22:56

Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

$605k ... 56.

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07/21/2011 07:38

Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

40, 3 years in, $70k

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07/21/2011 10:16

Subject: Re:s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

Anonymous wrote:OP here. I should have included mine. I am 41 with 12 yrs of service & have about $220K in my TSP.

I wonder if I can possibly get close to $475K by 48 like PP. Probably not!

I have 20 years in with the TSP. You can do it!

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07/24/2011 08:19

Subject: Re:s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

41 years old, 1 year as a fed, $156K in TSP and other retirement accounts.

Wow, you long time feds have saved a lot!

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07/24/2011 12:12

Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

37 yo, 4 years as fed, $87K in TSP. This thread is good motivation to keep savings through the daycare years!

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07/24/2011 12:21

Subject: Re:s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

Did any of the PP put more than 20% or additional amounts? I am wondering if I should put away more than the limits...41, about $160K and about 10 years of services.

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07/25/2011 11:10

Subject: Re:s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

I put in the max for the past 15 years.....

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09/13/2011 10:51

Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

42, 16 years, $272,000. I maxed my contributions most years. No additional contributions. Wish it was more, but the C fund has taken large hits in those 16 years which have been hard to recover from.

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09/13/2011 15:47

Subject: Re:s/o - if you're a fed, how much do you have in TSP & how old are you?

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Anonymous

Did any of the PP put more than 20% or additional amounts? I am wondering if I should put away more than the limits...41, about $160K and about 10 years of services.

What do you mean by more than 20% or the limits? Do you mean outside of the TSP, like in an IRA? I don't have anything in an IRA. The TSP limit is $16,500; I don't know if there's also a percentage limit but I don't think so.

I have always put the max in my TSP, but through 2005, instead of a dollar amount limit, it was limited to a percentage of salary. So in previous years, when I took a lot of unpaid time off for maternity leave, I contributed very little. I would have liked, when I returned to work, to increase my contributions to get as close to the max as possible for the year, but when the contribution was limited to a percentage of salary, it was impossible to do that. Once they changed it to a fixed dollar limit in 2006, I started contributing the maximum dollar amount ($15K - $16.5K). But I have a couple of years pre-2005 where I was out on extended LWOP for maternity and I contributed barely anything in those years.