I have started my TSP contributions

**Show-me** · 06-29-2009, 10:18 PM

It's warm but look out for the turds and they ain't Baby Ruth's!

**edub10304** · 06-29-2009, 10:30 PM

Originally Posted by Show-me

It's warm but look out for the turds and they ain't Baby Ruth's!

How can you be sure til you take a bite?

**Aviator_Guy** · 06-29-2009, 10:49 PM

Can you imagine what type of retirement you would have if you maxed the FERS TSP out every year for 40 years!!! As the Los Angeles valley girls would say, it would be,,, Oh My Gawd… 15K x 40 is 600K and that is without any matching funds, or bumping it up when you reach 50 and not earning any interest!!

If I had to guess, I would say somewhere between 2 to 4 million if you factor in interest and matching funds?? I sure wish I had started saving when I started out as an E-3 in the USN back in good ole 1975. But, back then I think my base pay was only like 300 a month…LOL

**edub10304** · 06-29-2009, 10:54 PM

Originally Posted by Aviator_Guy

Can you imagine what type of retirement you would have if you maxed the FERS TSP out every year for 40 years!!! As the Los Angeles valley girls would say, it would be,,, Oh My Gawd… 15K x 40 is 600K and that is without any matching funds, or bumping it up when you reach 50 and not earning any interest!!

If I had to guess, I would say somewhere between 2 to 4 million if you factor in interest and matching funds?? I sure wish I had started saving when I started out as an E-3 in the USN back in good ole 1975. But, back then I think my base pay was only like 300 a month…LOL

I think I will be ok contributing for 25 years. I am fortunate to be able to max it out starting in year 1 of 25. With promotions and keeping my standard of living under control, I should do well.

Was a E2 in 1994, think base pay was 750.

**edub10304** · 06-30-2009, 05:28 PM

When you make an interfund transfer before the noon deadline do they buy/sell at the closing price or current price when the IFT was placed?

**nnuut** · 06-30-2009, 05:36 PM

Originally Posted by edub10304

When you make an interfund transfer before the noon deadline do they buy/sell at the closing price or current price when the IFT was placed?

I wish they bought/sold at the current price when the IFT was submitted, but it's the Price at the end of the day!

**Steadygain** · 06-30-2009, 05:38 PM

Originally Posted by edub10304

When you make an interfund transfer before the noon deadline do they buy/sell at the closing price or current price when the IFT was placed?

The closing price

That has huge advantages over the long run. You always buy at that price regardless of how many shares you're buying. If you're buying instead of selling usually the day will end at a better price and if you sell on a rally you sell at a better price.

**edub10304** · 06-30-2009, 05:43 PM

Originally Posted by Steadygain

The closing price

That has huge advantages over the long run. You always buy at that price regardless of how many shares you're buying. If you're buying instead of selling usually the day will end at a better price and if you sell on a rally you sell at a better price.

Cool. Now I just have to build a good base in my TSP to be able to make those moves worth it....Although it is all relative, % gain is a % gain no matter the principle.

**Steadygain** · 06-30-2009, 05:56 PM

Originally Posted by edub10304

Cool. Now I just have to build a good base in my TSP to be able to make those moves worth it....Although it is all relative, % gain is a % gain no matter the principle.

That's exactly right !!

It takes money to make money...

Took me longer to make $100 when starting off compared to $1,000 later on. Every little bit counts and often it's the smaller consistent or STEADYGAIN that out performs the others.

GL