Thread: What is your Goal?

Originally Posted by ens189

I'm 22 so I've got a bit of time before the Border Patrol makes me retire so hopefully I can close out my TSP well into the 7 figure range.

ens189,

Congrats on noting the power of your TSP account. I did not really find mine till 1994 - after President Clinton's retroactive tax increase. I had just been promoted (literally the same pay period) when that tax hike took place. I was expecting a sizable pay increase - but, instead lost $50. So, I sincerely thank President Clinton for making me aware of pre-tax retirement investments.

Obviously, someone at work clued you in - hopefully without a Border Patrol tire iron. But, then again, a tire iron across the head is oftentimes the fastest way to learn

Can I recommend using Quicken's retirement planner and/or the calculators at www.DinkyTown.net

Figure on investing a total of 15% (10% from you and 5% matching from the Feds) for a very happy time in your golden years. On top of that, your 10% will actually only cost you 7% - 8% in take home pay. And, at your age C/S/I are the way to go. They are cheap now!!!

Happy Hunting