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Thread: Share Your TSP Balance and Your Age Thread

  1. #133

    Default Re: Share Your TSP Balance and Your Age Thread

    I have been employed by the Postal Service for 22 years now, started out saving around 10%, then with each pay increase, I would step it up another percent until reaching the max. I have no military time and my wife is not employed, so she has only my retirement funds.
    I now have a balance of about $365,000 with about eight years to go before being a former postal employee.
    I mostly stay invested in the C and S funds and have found I lose more by getting out into the G fund than I do by staying in the C & S funds, always bad timing.
    Hope the Trump market keeps going strong!

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  3. #134

    Join Date
    Oct 2010
    Location
    Aiea, Hawaii
    Posts
    731

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by uscfanhawaii View Post
    60 yrs old, 30 years in FERS/TSP, TSP balance 800K. 250K of that is from matching funds (and growth on those funds)!

    The matching funds really adds up over time! Never go below 5% contribution, so you never lose out on any matching funds.
    Okay, update time. And maybe some additional info.

    Now 62, still working. All TSP acct is from my contributions and matching (did not roll any into TSP from outside.) Never was in the military, so all is from Federal workplace. Now 32 years in FERS/TSP. (I was one of the few nationwide that switched from CSRS to FERS, when the latter came out!)
    TSP Balance $880K. Down from my max of 905K in June of 2015. From the start of FERS, I always put as much as allowed into equities (you will recall that when it started it was all G.) Then I did Dollar Cost Averaging with C/S/I when we were allowed to. As the account grew, I started moving $$ around (yes, I was one of the TSP'ers to get "The Letter".)

    Tried to stay at 15% contribution most of the time, and a few times was able to sock away the Max (including max catchup). But mostly 15%.

    My goal has always been to get to $1MM. Planning to work 1-2 more years, so goal is still achievable.

    I encourage all the younger workers to contribute the max possible, as early as possible. Set your goals high! And stick to your plan!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Target Retire date: December 2017.

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  5. #135

    Default Re: Share Your TSP Balance and Your Age Thread

    Day one on the site, this seemed like a good place to start. Age 46, gs9, step 2, RUS, balance of $104k, 10 years of FERS. Planning on "retiring" in 10 years. My retirement plans are more like doing something different, possibly in a community service type position. and make just enough money to pay the electric bill. My TSP target is $400k.


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  7. #136

    Default Re: Share Your TSP Balance and Your Age Thread

    Welcome to TSP Talk folks! Thanks for joining us.

    Don't forget to get added to the AutoTracker! It's beneficial to start before January 1st so that you can track your 2017 return for the full year.

    More info: http://www.tsptalk.com/mb/rules-tos-...tml#post320464

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  9. #137

    Default Re: Share Your TSP Balance and Your Age Thread

    44 yrs old, 5 yrs with FERS, 20 yr Army retiree, have a balance of approx. $131k, currently contribute 11% in lifecycle, C & S funds. Plan to increase contributions to 14-15% at the beginning of 2017 - thanks to our projected raise - Yay!!

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  11. #138

    Join Date
    Jan 2007
    Location
    Orange County, CA
    Posts
    166

    Default Re: Share Your TSP Balance and Your Age Thread

    I have been in the TSP since the G fund was created on April 1, 1987. I recall the government started us FERS people off with a 3% match on accumulated wages earned from my July 1984 start date to March 31, 1987. Unfortunately I was only a GS-4, 5 & 7 during that time frame so the free match wasn't much. I usually contributed the max which started out at 10% then through the years went up to 15% then eventually the IRS max for 401k. My balance is about $825K and I am hoping to retire 12/31/17.

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  13. #139

    Join Date
    Aug 2011
    Location
    Northern Utah
    Posts
    173

    Default Re: Share Your TSP Balance and Your Age Thread

    37 years old
    11 years federal civil service. I'm in the process of buying back 7 years of active duty Air Force time.
    I've always contributed 6% or more and am currently at 6%.
    $96,770, all since I started civil service, no active duty contributions.
    I should be getting a gs-13 in a couple months and will definitely increase my contributions. Goal is in the million plus range.

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

    Quote Originally Posted by Globalpack View Post
    I read an article that said you should have ten times your annual salary saved by retirement. I don't see that happening personally and was wondering how the folks here compare.

    It may also serve as a good motivation tool to save more.

    So what's your TSP balance and how old are you?

    Me, I'm 44 and have $148K.

    Continuing the updates theme...my previous post - August 2014 I was $148K, but now 2.5 years later January 2017 I'm $189.5K (up $41,500) thanks mostly to the economy.

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

    28 years old, 7 year Active duty, $2X,000. Roth. Last year 8%, this year 9%, then switch to new retirement plan for match. Thinking of coming down to 7%=12%. Currently in a 75% L2050/25% C allocation.

    Sent from my SCV32 using Tapatalk

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  19. #142

    Default Re: Share Your TSP Balance and Your Age Thread

    Age - too old
    time served - too long
    tsp - not enuf

    reading you guys posts is getting me depressed. I will have to work forever.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

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  21. #143

    Default Re: Share Your TSP Balance and Your Age Thread

    Before anyone replies to my post let me tell you how NOT to do it.

    My first ten years of service did not do anything with the TSP the autos went to the G fund then got laid off about 3 yrs (not my fault, heh.) but after returning to duty status I STILL didn't do anything different. So yeah I missed the Unlimited trades period
    but also missed the Crash in 2008-09.

    It was late 2009 I think I found this site and with about 5K in G fund after nearly 10 yrs got serious about TSP.

    So my balance is a lot lower than most for about 15 yrs service, I have already embarrassed myself
    enough suffice to say kicking myself isn't going to do any good....for 8 years of active investing the balance isn't
    that bad - would like to retire in about 4-5 years with something north of 100K and keep the account open TSP max.
    I like TSPTalk and I think most people here are well-intentioned but if I followed their advice, I'd be hunkered down in my basement with a thousand cans of tuna fish.

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  23. #144

    Default Re: Share Your TSP Balance and Your Age Thread

    I'm 49, 22 years of service with a balance just north of $400,000. My goal is to save as much as I can for the next 8 years until retirement. I have always stayed invested in the stock funds (except for a short time in 2008-2009), but I have started moving some to G to protect and preserve. My retirement plan calls for me to use some of my TSP immediately when I retire.


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