Anonymous wrote:Anonymous wrote:Anonymous wrote:$700K 45 16 years GS-15
How did you do this? Did you roll over other retirement funds into your TSP? I'm about the same age, with 19 years of service, but do not have this much.
A lot of people have high TSP balances because they made dumb decisions and then got lucky. For example, I know several people with all of their money in the S fund. I'm happy for them, but don't make the mistake of thinking that they are good investors. Btw- not directing this post at the 700k person above.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:You are all doing much better than me - and I thought I was doing pretty good!
47, 16 years, 390K
For comparison to you 37 year olds, a decade ago I had 60K.
how the hell did you increase your retirement savings by 330k in 10 years? are there different contribution limits for TSPs or something?
Nope. It's the market. About 10 years ago we were coming off of an abysmal period for all earnings. I'm a different poster, but I remember being "stuck" at 175k for years, even with new additions and matching. Or member thinking "I'd have been better off taking the money and sticking it under my mattress". But with matching and much better 10 year returns, you can have made that much. Good stock market plus compounding.....
I'm the poster who increased savings by $330K in 10 years. Saved about 12% of my salary (averaging about 7% contribution, plus the 5% match), and a lot of help from the markets and compound interest. I went from $60K in July 2004 to $165K in July 2009 to $330K now - doubling the value of my account in the last five years. Thanks Obama!
Anonymous wrote:Anonymous wrote:$700K 45 16 years GS-15
How did you do this? Did you roll over other retirement funds into your TSP? I'm about the same age, with 19 years of service, but do not have this much.
Anonymous wrote:$700K 45 16 years GS-15