Anonymous
02/16/2015 19:22
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
It is unwise to move your money to a broker when retiring because they charge much more than TSP to manage it. Either select an L account or use simple tools to determine your asset allocation within TSP. Never take a loan from your account.
Anonymous
02/12/2015 17:59
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:36, 7 years service, $200k+, and another $45k from 401K. We usually put in the maximum.
How? I put in 13% of my 80k. I'm 28, 6 years of service and 68k...
That's the trick - save early and often. In my 20s and 30s, pre-kids, I maxed out. Took time off after having kids and haven't contributed in 10 years but still have $450K in account. DH has continued has $750K after 30 years in. Still not enough. We have no 529s little other savings and kids will be in college when we are in our 60s.
Anonymous
02/11/2015 16:51
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:36, 7 years service, $200k+, and another $45k from 401K. We usually put in the maximum.
How? I put in 13% of my 80k. I'm 28, 6 years of service and 68k...
13% doesn't equal $16,500/year! So that helps, and I guess we just haven't lost much? We don't pay attention, but think I have most of the money in the fund that's by year - maybe 2040?
When I was younger, each salary bump meant more to retirement, living at the same rate.
Anonymous
02/11/2015 16:49
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:36, 7 years service, $200k+, and another $45k from 401K. We usually put in the maximum.
How? I put in 13% of my 80k. I'm 28, 6 years of service and 68k...
PP probably put in the extra 6k/year that you are foregoing. Compound interest is magical. Learn the lesson now and start maxing. Cut elsewhere.
Anonymous
02/11/2015 16:46
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:38/6/$300k
I call bs unless you rolled something over.
Yes, I rolled over 6 years of max with 100% match.
Oh wow!! 100% match! I had no idea employers would even offer this.
It was actually automatic and was considered part of our pay package.
Anonymous
02/11/2015 16:43
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:Anonymous wrote:38/6/$300k
I call bs unless you rolled something over.
Yes, I rolled over 6 years of max with 100% match.
Oh wow!! 100% match! I had no idea employers would even offer this.
Anonymous
02/11/2015 16:43
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:Anonymous wrote:38/6/$300k
I call bs unless you rolled something over.
Yes, I rolled over 6 years of max with 100% match.
Anonymous
02/11/2015 16:16
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:36, 7 years service, $200k+, and another $45k from 401K. We usually put in the maximum.
How? I put in 13% of my 80k. I'm 28, 6 years of service and 68k...
Anonymous
02/11/2015 16:10
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:56+, 24+ yrs of federal service, $605k.
I've maxed out contribs since day 1 plus catch-ups.
For the past several yrs have used tsppilot.com as a guide/advisor on allocations and they saved me from six figure losses in '07-'09. I have no affiliation but find the advice very useful.
just as an update... things performed well from 2012 through 2014:
currently 59+ / 26 yrs. (retired May 2013)/ $790k (not withdrawing anything until at least age 65+ probably).
Anonymous
02/11/2015 15:55
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
36, 7 years service, $200k+, and another $45k from 401K. We usually put in the maximum.
Anonymous
02/11/2015 15:27
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
38, 10 years service, $292k
Anonymous
02/11/2015 14:30
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Age 45, 20+ years of service, about $400K
Anonymous
02/11/2015 13:28
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
Anonymous wrote:38/6/$300k
I call bs unless you rolled something over.
Anonymous
02/11/2015 13:19
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
retired, 65, 24 year service 745K not taking any out until 70
Anonymous
02/08/2015 07:58
Subject: s/o - if you're a fed, how much do you have in TSP & how old are you?
52 had 20 years and changed careers 10 years ago. So it's earning interested in its own $500k.