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Thread: TSP Millionaires

  1. #229

    Default Re: TSP Millionaires

    Quote Originally Posted by burrocrat View Post
    actually, i believe the $4 million tsp account holder's name is greg long.
    I'd guess a long serving Senator, Congressman, or Supreme Court Justice.
    God bless the United States of America!

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  3. #230

    Join Date
    Oct 2008
    Location
    Stinking desert valley of bad air quality, AZ
    Posts
    2,994

    Default Re: TSP Millionaires

    I would be curious to know if this person started from $0 and/or if at some point rolled an existing account into TSP.

    PO

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  5. #231

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: TSP Millionaires

    Quote Originally Posted by PessOptimist View Post
    I would be curious to know if this person started from $0 and/or if at some point rolled an existing account into TSP.

    PO
    100% of my money is this person was a rollover from private sector....Can you imagine having a couple of million dollars in a 401K at 3% management fees, taking a job with the government and having an investment engine under .5% fee? WOW!!!!
    Peanut butter, jelly time!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

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  7. #232

    Join Date
    Jul 2012
    Location
    Honolulu, Hawaii
    Posts
    1,823

    Default Re: TSP Millionaires

    Quote Originally Posted by Frixxxx View Post
    100% of my money is this person was a rollover from private sector....Can you imagine having a couple of million dollars in a 401K at 3% management fees, taking a job with the government and having an investment engine under .5% fee? WOW!!!!
    Peanut butter, jelly time!
    If that's the case, he/she shouldn't count as a TSP millionaire since it wasn't the TSP that got them there.

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  9. #233

    Default Re: TSP Millionaires

    I can't prove it but, his first name is Scott and he retired from the USDOJ.

    Frank

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  11. #234

    Default Re: TSP Millionaires

    Quote Originally Posted by sniper View Post
    If that's the case, he/she shouldn't count as a TSP millionaire since it wasn't the TSP that got them there.
    I buy that. Now we just need to filter those guys out of the tally.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%


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  13. #235

    Default Re: TSP Millionaires

    My goal is 3 mill

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  15. #236

    Default Re: TSP Millionaires

    Quote Originally Posted by SJCX View Post
    My goal is 3 mill
    my goal is to be your wife.
    100g

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  17. #237

    Default Re: TSP Millionaires

    Quote Originally Posted by burrocrat View Post
    my goal is to be your wife.
    I already have a wife and she is a federal employee as well. She should be able to get to about 1.5 mill herself

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  19. #238

    Default Re: TSP Millionaires

    Quote Originally Posted by SJCX View Post
    I already have a wife and she is a federal employee as well. She should be able to get to about 1.5 mill herself
    do think you guys might be in the market for a pool boy anytime soon?
    100g

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  21. #239

    Default Re: TSP Millionaires

    TSP: 2007=6.4%, 2008=(39.95%), 2009=30.96%, 2010=17.04% , 2011=(4.92%), 2012=17.74%, 2013=26.58%, 2014=5.39%
    TSP Talk: 2015=???

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  23. #240

    Default Re: TSP Millionaires

    I wonder what the average federal employment years of the FERS taken into consideration in this stat? The average TSP shown sounds pretty low. It probably included employment under 5 or 7 years.
    I wonder what the average is for somebody with 20 and 30 years? That would be a better gauge for me.
    Emotions should never play a role in one's investing strategy!
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