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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I started as a GS-11 at age 25, and they told us at orientation to put in 5% to get the 5% match, and put all into the G fund, especially with a lot of law school loans. I didn't understand. I'm a bit more financial savvy now, and have moved everything to the life cycle fund 2050. I'm at 6% and 5% match, as we were saving for a house (just bought 6 months ago), and had a baby. I have $30K in TSP after 3.5 years, and am now a GS-14. My goal is to increase my percentage with each step increase. [/quote]

Time is your best friend. If I could go back, I'd do my best to max out. At your age, no need for G or F funds. Go with C/S/I. [/quote]

PP here. So, I was in C, S, and I funds for all of last year, but my performance statement says I only got like a 2% return. That's when I learned about the lifecycle funds, and that it'll do it all for you. So, I moved into that one.[/quote]

That's likely bc the S&P had a negative return last yr (and a return just over 1% when you took into account the dividend reinvestment). So it's not you or your funds, it was market performance. Sadly not every year will involve a 15% gain.[/quote]

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