Reply to Would you retire with a NW of $10m?

Forum Index » Money and Finances

Reply to "Would you retire with a NW of $10m?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is PP who is retiring at 56 from federal government. My spouse and I both started our fed jobs straight out of college. We both invested the maximum in Thrift Savings Plan. We made full catch up contributions after turning 50. We both invested fully in the stock fund (C fund) and just let it ride. We never tried to time the market or play investment strategy games. Now at 56 and 55, we each have $2.5 million in each of our TSP accounts.[/quote]

Oh I see - it’s a combined NW of 2 individuals. I’m at $2.8 NW at 46 as an individual. Somewhat concerned about “all stocks” investment

Your situation sounds reasonable and where you should be. But the OP seems to have $10mm so the numbers are just not adding up unless one of the spouses was much higher earner, or they invested in riskier assets or RE [/quote]

Yes, makes a lot more sense and less impressive when you are counting two accounts lol. There is also quite a bit of luck involved if you were 100% C fund. And if you were able to start investing around the time Clinton was in office, you had the benefit of a great head start.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics