Reply to "maxing out" TSP, 401, etc.

Forum Index » Money and Finances

Reply to ""maxing out" TSP, 401, etc."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The dog food comment was a joke. The low balance TSP folks are either CSRS who couldn't care less about TSP or FERS who will still have a great basic benefit pension and SS to get them by just fine.  They had a golden opportunity handed to them with the TSP and just didn't take advantage of it.

But the rest, I stand by. Adequate living space is just that...adequate. I really don't need more than a dry place to lay my head, an outlet to charge a phone, and a hot shower with the capital of the free world out beyond the doorstep. And I'd much rather toss away $800/mo on rent, rather than $2k.  DC has real keeping up with the Joneses problem, which is evident all over DCUM or just a walk around town. If people really want to work until they're 80, they can go right ahead and do it.  When folks get the idea that even maxing out a yearly 401k contribution is impossible, working 'til 80 becomes the back-up plan.  I'm not eschewing kids either, but I'd rather have my ducks-in-a-row years ahead of time, instead of cobbling together a financial plan that includes them after they've arrived.

Ever been to a retirement luncheon for someone who's under 55?  The beaming smile on their face lights up the room and they instantly look twenty years younger knowing that they've "won the game" after saving, investing and living below their means for so long...while still having a home, kids, and everything else a person would ever need. The best part is all the folks in the room who are staring daggers wondering "how'd they do it?"  It's no secret.

Great job, PP!  Agree with everything you said!! You're ahead of the game and more people need to learn these basic principles!!

Most common regret from those with underfunded 401ks?: "I wish I had saved more."
Most common regret from those with already huge 401k balances?: "I wish I had started earlier."

And I'll say it again, you can borrow for absolutely anything in this world, except retirement.  Max out you 401k contribution now and your future self will thank you.[/quote][/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