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

[Anonymous]

41, 6 years service, 115k total all in the C,s and i funds for aggressive catch-up due to ngo work while younger. Sadly i will probabky never retire

[Anonymous]

Anonymous wrote:

Anonymous wrote:I read that there are about one thousand $1M+ TSPer government workers ($1.2M average) and one person's TSP is worth $4M.

Can you invest in individual stocks through TSP? (Not a Fed, so not sure).

If so, maybe that $4M guy made some good picks. Hard to imagine how she/he got there on mutual funds.

I'd guess they rolled over their private sector 401K, either that or high level employee who has always maxed out contributions and has been there for a while (even then, I'm not sure you could get there without outside help, i.e. private sector roll-over.)

[Anonymous]

47, about $250K

[Anonymous]

Can you invest in individual stocks through TSP? (Not a Fed, so not sure).

No, you can only invest in the G, S, F, C, & I funds, or one of the L (lifecycle) funds, which are just an target retirement date, evolving portfolio of the other 5 funds. They are not true mutual funds, they are technically trust funds administered by BlackRock Investments. But for our purposes, they are basically the same as mutual funds and each one except the G Fund tracks a major market index.

The TSP millionnaires are, for the most part, those who rolled over large accounts from the private sector (which was smart, IMO, because you cannot beat the TSP's incredibly low costs anywhere!).

Unfortunately, when I joined my agency, no one in HR mentioned that I could do a rollover of my old 401K, so I converted it into an IRA and it's done miserably and lost almost all its value over the years. I SO wish I had known to roll that money into the TSP; I would have so much more in my account now.

[Anonymous]

47, 440K

[Anonymous]

40, 9 years of service, $259,000, but I rolled over a private sector IRA of $50K

[Anonymous]

49, $441,000

[Anonymous]

43, 300K 18 years of service.

[Anonymous]

48, $110k, 28 years of service but was last batch hired into CSRS...

[Anonymous]

48, $225,000

[Anonymous]

Interesting conversation and good benchmarking for me. I'm 36, 8 years of federal service, $109k in my TSP and do need to up my contributions from 10%, I think. The pay freeze has been kind of a pain because I stretched a bit to buy a place which is now underwater. So, I can pay my bills fine, and put away money for the rainy day fund and so forth but am having trouble saving enough, after all that, to come up with the cash for a refi ... which would, otherwise, free up $$ for the TSP. So, not in financial trouble, but feeling like I'm not making a lot of forward progress.

[Anonymous]

35, $193k

[Anonymous]

56 - 21yrs 250k, 50% went out in the divorce settlement.

[Anonymous]

54, $450k

[Anonymous]

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