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Reply to "“Lifer” feds, did you/are you planning to retire on schedule?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Try not to let the next 15 years get away from you and avoid lifer loser status.[/quote] ^Jealous [/quote] Of what? One percent annual raises? Topping out at a GS 15-10 at best? Your 40k a year pension? Guess again, bro. Man up and leave.[/quote] If you are not a fed, this thread isn’t for you. Man up and move on... bro.[/quote] Former fed, bro. Glass is greener on the private sector.[/quote] Explain your awesome retirement plan? DH and I will each receive over 100K between our pension and SS plus we should have $5-6M in our TSPs combined. AND, we have had rewarding careers and family friendly schedules. I doubt it will provide the same for my kids in the future but it has been a good deal for us.[/quote] Nice work with your tsp. How did you do it? I’ve been putting in the max since the beginning, and I only have 600k.[/quote] I calculate that based on 15 more years of working and maxing (both tsp and now catch up), we are at about 1M in each TSP after 22 years. I have done assumptions with both 5 and 6 percent return over that time, which I like to think is conservative. I know their are no guarantees.[/quote] Guessing you are actually at around 700k, but still, nice.[/quote] I really hate this on DCUM, why would I lie? To what end? Seriously. Why does this confuse you, I have maxed out contributions for 22 years when the stock market has done very well. It is not rocket science, do the math. Do you think no one has 1M in a 401K after 22 years? I have probably been more conservative than I should have on my allocations and probably could be doing better. I used a set it and forget it method, the only change being making sure to increase withholdings every year when the max increased.[/quote]
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