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Thread: Share Your TSP Balance and Your Age Thread

  1. #73

    Join Date
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    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by texas View Post
    Hi, Thanks. I always put away the maximum and only briefly moved stuff around. I'm a buy and hold- equities. I'm at a point where I'll move some things around but still keep equities for growth.
    How did you fair through 2008? Were you very active then?
    It's a Constitutional Republic, not a Democracy, idiot!
    Tracker =
    100%G ::::Real World = 100%G

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  3. Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by Frixxxx View Post
    How did you fair through 2008? Were you very active then?
    I'm not as savy as the contributors on this site. I watched it go down probably 30 something + %. - continued buying (cheaply) as it was down and didn't panic too much. :-)

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  5. #75

    Default Re: Share Your TSP Balance and Your Age Thread

    I'm 54, with almost 29 years of federal service. My TSP balance is $410K. I did not start saving until 33 yo after getting married. I contributed 5% (maxed out) when first offered, and raised to 15% of salary as soon as they offered it. The bulk of the gain was after the tech bust and I had a good run until 2008. 2008 put a 20K dent in my TSP; I bailed out to G fund after Lehman Bros went bust, balance 260K. But I also stayed out of the stock market until 2011, and only messed around with it. Not a full time investor. Now, I really wish that I had joined the recovery as soon as March 2009 though.

    Summer 2012, I took a 50K loan to buy a condo in Florida. Balance went down to 300K. But have accumulated to what I have now. I have reduced my contribution from 15% back down to 5% for about a year. No plan to add more savings to it since I plan to retire in 4 yrs, anymore won't make much difference. I figure in another 4 yrs, I could accumulate another 100K (too ambitious, I'd say).
    Got Beach???

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  7. #76

    Join Date
    Feb 2013
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    Highland, CA
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    64

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by dpmp View Post
    My TSP balance is $410K...I have reduced my contribution from 15% back down to 5% for about a year. No plan to add more savings to it since I plan to retire in 4 yrs, anymore won't make much difference. I figure in another 4 yrs, I could accumulate another 100K (too ambitious, I'd say).
    I'll give you some numbers that might make it sound like that extra $100K will be easier to get to. $510K/410K = 24% total gain. Without another dime of contributions and factoring in compounding interest, that comes out to about a 5.5% average annual yield (1/4th root of 24). If you add in personal/agency contributions over the course of those years, the required average yield will be even lower. But even without that data, you can likely get that by staying 100% F until you retire. The F Fund is up almost 6% from last year, and it usually does even better when stocks are in bear market conditions. With bull market or even range-bound conditions, you can even get that yield higher by moving quickly in and out of the C/S/I Funds when they start to climb after consolidation periods.
    70C/30S as of 12/15/2014

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  9. #77

    Join Date
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    Default Re: Share Your TSP Balance and Your Age Thread

    Dpmp,

    While I 'liked' the above, the thought of jumping quickly between stock and bond funds is market timing... I would recommend an allocation approach. And, I would recommend talking to a financial adviser at this point. Is market timing your cup of tea. Where is my favorite market timer - 12%AYear (I actually value his/her opinion, but it seems that 2008 did em in)...

    I was actually in positive territory through the summer of 2008 - then I jumped in!!! The timing just felt right!!! Uh nope, the market timing gods were not in my corner.
    Lookin' up at the 'G Fund'!!!

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  11. #78

    Join Date
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    Richland, WA
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    35

    Default Re: Share Your TSP Balance and Your Age Thread

    Hi Guys,

    Thought I would throw in my two cents worth. I'm 58 and only started working for the government since 2006 so my TSP balance is about 245K. Before that I worked private industry and my 401K with my old employer is about 600k. When I first started out saving I thought I was doing good by contributing up to the match plus 2%. As I got older (starting in my late 40s) I thought 10% contribution was going to be more than enough. Now that I can see the distant light flickering in the tunnel (i.e. the big R) I max out my contributions, which also includes the catch up portion. My goal is to work maybe another 8-9 years.

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  13. #79

    Join Date
    Feb 2013
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    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by Ron55 View Post
    I'm 58 and only started working for the government since 2006 so my TSP balance is about 245K. Before that I worked private industry and my 401K with my old employer is about 600k. When I first started out saving I thought I was doing good by contributing up to the match plus 2%. As I got older (starting in my late 40s) I thought 10% contribution was going to be more than enough. Now that I can see the distant light flickering in the tunnel (i.e. the big R) I max out my contributions, which also includes the catch up portion. My goal is to work maybe another 8-9 years.
    Do you have a goal balance for when you retire yet? $845K is definitely a respectable amount.
    70C/30S as of 12/15/2014

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  15. #80

    Join Date
    Feb 2012
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    Richland, WA
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    35

    Default Re: Share Your TSP Balance and Your Age Thread

    If I work another 8-9 years I'm hoping to reach double the savings ~ 1.6 million.

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  17. #81

    Join Date
    Jan 2010
    Location
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    1,434

    Default Re: Share Your TSP Balance and Your Age Thread

    I'm 46 and only have around $80,000 in my TSP act . I will work well into my 70s. I'll be aggressive with my investments to try to catch up to where I think I should be.

    I'm an example of what not to do with your retirement acct. When I was single back in the late 1990s I had extra money and started an online acct and did very well. Fast Fwd to 2002 or so and the internet bubble bust had me about a year's salary in debt. I've been chasing the debt ever since. I almost got out of debt by 2006, but then came an expensive wedding, purchasing a house in 2007 in CA (DOH!!!), and a baby. CA is expensive and you have little chance of getting out of debt once you're in deep, outside of a windfall like an inheretence, lotto, or just dedicating yourself to extra jobs for a stretch. I have twice taken disbursements for a total of $83,000 to try and manage the debt. It didn't work - it only shifted debt to an almost equal amount of new taxes. I'm also paying off two TSP loans. One loan was for $50,000 to buy that 2007 home, which had the value cut in half by the time I lost it in 2011. The other was was to manage debt, again.

    Its just another version of the same lesson we've all heard - ALWAYS spend less than you have and save more than you think you can. Don't act like your retirement acct is a checking acct. It's ok to rent or to go without some of the things you want. Oh, and its not a bad idea to marry into money.


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  19. #82

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    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by MrBowl View Post
    Oh, and its not a bad idea to marry into money.
    First marriage is for love, second marriage is for money, third marriage is for suckers. That was a joke for all you multi-marriage people (me included)!
    It's a Constitutional Republic, not a Democracy, idiot!
    Tracker =
    100%G ::::Real World = 100%G

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  21. #83

    Join Date
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    Boiled Peanut, Georgia, USA
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    Default Re: Share Your TSP Balance and Your Age Thread

    Boy am I glad I was CSRS! My TSP is our emergency fund.
    Links Crude Settle $45.77 07-21-2017
    -$1.15 Loss




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  23. Default Re: Share Your TSP Balance and Your Age Thread

    I'm new to TSP Talk. I'm 51 years old and I've been investing in the TSP for 27 years. I currently have $904,000. I invested aggressively the entire 27 years which includes putting the max amount in my TSP on a yearly basis. I also contribute the max catch up funds, which began when I reached the age of 50. During the 27 years I've been in the TSP I can remember the market taking a dive 2 or 3 times. During that time I NEVER jumped into the G fund. I remained pretty much in the C, S and I funds. I'm going to retire when I am 59. My goal is to hit the 2 million dollar mark before I retire.

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