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Reply to "Big Law to Government - Living Expenses"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thanks PP. Right, DC is a different market than most of the rest of the US. I almost feel like I'm just going to start pretending I live in NYC. I've paid almost all of my 200K loans - tiny bit left at a very low interest rate, and I pay about 250/mo towards them, although they will be gone very soon. I take home about 6000/mo (not including the two extra months a year when I get three paychecks) - while contributing enough to retirement to get a match but not maxing it out. With those numbers - just curious what you think would be reasonable. Paying $2100 seems to be getting harder and harder in DC.[/quote] Advice from someone who can retire at 58 in part because of it --- max out your TSP from Day 1, it is a "must" IMO to get your retirement benefit up to anything approaching where it might have been under the old system w/ CSRS. Not sure how old you are but 25 yrs. of max. TSP contributions and good investment choices resulted in a high six figure TSP account to draw on. Pay yourself first. :wink: [/quote] Thanks, good advice - and a pretty good position to be in. The government retirement system is not what it used to be. I wish it was. New employees pays 1000s more a year towards the pension system and often come in with lower starting salaries, even when coming in laterally. I know that nowadays the benefits really don't keep newer employees in the government - most I've talked to want out in a couple years.[/quote]
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