Amount in TSP? Age? Years in Government? GS Level?

[Anonymous]

50k, 33 years old, 3.75 years as a Fed, 12 about to be 13.

I didn't get serious about retirement until 18 months ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$30,000, 39, GS 14, 5 years


OK, I feel horrible now . ..

I'm with you. I dont' know my numbers off the top of my head - but they are similar to yours.

I'm broke too.
42
GS-11 Fed 6yrs
Right at 30k
I'm only in the G fund and need to switch quickly and save wayyyyy more

Yup. The G fund makes no sense of you - you'll be 67 in 2039. Assuming that is when you want to retire, put your TSP savings in the L2040 fund.

When pp is old and broke, he can blame it on his years of ridiculous laziness. It takes two minutes to switch.

She.
Actually it'll take a week because I'll have to reset my password.
I won't be retiring anyway.
My plan is to start chain smoking and drinking hard liquor at 60. I should be dead by 67.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$30,000, 39, GS 14, 5 years


OK, I feel horrible now . ..

I'm with you. I dont' know my numbers off the top of my head - but they are similar to yours.

I'm broke too.
42
GS-11 Fed 6yrs
Right at 30k
I'm only in the G fund and need to switch quickly and save wayyyyy more

LOL - your frowny face lifted my spirits.

So, last nite, I got on mypay and switched to 10%. Now, I need to check out that 2040 lifecycle fund!

[Anonymous]

$435,000, 60 (10 years retired- balance at retirement: $240,000), 25, 13

[Anonymous]

Anonymous wrote:I'm surprised by these low numbers. Aren't you all putting in 5% and getting the 5% match? Why such low numbers then? The Lifecycles have been doing GREAT for at least 5 years and the returns have been over 10% each year.

Because some of us older folks have been in a long time (prior to the creation of the lifecycle funds) and there were quite a few years when even maxing out your contributions, you broke even at best.

[Anonymous]

$575k, 28 years, GS 15 now

[Anonymous]

^^PP above...I'm 51.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm surprised by these low numbers. Aren't you all putting in 5% and getting the 5% match? Why such low numbers then? The Lifecycles have been doing GREAT for at least 5 years and the returns have been over 10% each year.

It appears that some people are not, Captain Obvious.

What are you smoking? The average person in the U.S. has less than 50K saved by retirement and everyone on this forum has much more than that.

[Anonymous]

$790k

59, retired in April '13 at 58 with 26 yrs.

[Anonymous]

Anonymous wrote:$790k

59, retired in April '13 at 58 with 26 yrs.

p.s. GS-15 (and a lot in outside IRAs and investment account, too).

[Anonymous]

Anonymous wrote:I'm surprised by these low numbers. Aren't you all putting in 5% and getting the 5% match? Why such low numbers then? The Lifecycles have been doing GREAT for at least 5 years and the returns have been over 10% each year.

I put in the 10% match from Day 1, for 26 years, plus Catch-Up contributions as soon as I was eligible. Also maxed out non-deductible IRA and also put money into non-retirement investment account from Day 1. That's how I got out at 58 (I had 8 yrs. of non-Fed experience first).

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm surprised by these low numbers. Aren't you all putting in 5% and getting the 5% match? Why such low numbers then? The Lifecycles have been doing GREAT for at least 5 years and the returns have been over 10% each year.

I put in the 10% match from Day 1, for 26 years, plus Catch-Up contributions as soon as I was eligible. Also maxed out non-deductible IRA and also put money into non-retirement investment account from Day 1. That's how I got out at 58 (I had 8 yrs. of non-Fed experience first).

typo: I put in 10% plus got the 5% match from Day 1 ...

[Anonymous]

Anonymous wrote:50k, 33 years old, 3.75 years as a Fed, 12 about to be 13.

I didn't get serious about retirement until 18 months ago.

21:20 here ... you have plenty of time, I started as a Fed at 32.... IMO just max out til you retire (10%, plus Catch-up when you can if it's still around, plus any outside investment you can manage).

[Anonymous]

58
750 tsp that has been rolled over to F planner
Retired GS 15
SAVE THE MAX WHILE YOU'RE YOUNG
Take the max life insurance option

[Anonymous]

Anonymous wrote:58
750 tsp that has been rolled over to F planner
Retired GS 15
SAVE THE MAX WHILE YOU'RE YOUNG
Take the max life insurance option

Oh I wish I did take the max life insurance!!!

I did just notice that when a fed goes to PT, or from PT to FT - it can be changed! FYI DCUMers