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View Poll Results: What percentage do you give to TSP?

Voters
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  • less than 10%

    13 17.81%
  • 10% or 11%

    12 16.44%
  • 12%

    4 5.48%
  • 13%

    3 4.11%
  • 14%

    3 4.11%
  • 15%

    11 15.07%
  • I max out the $15,500

    27 36.99%
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Thread: What percentage do you give to TSP?

  1. #1

    Join Date
    Jan 2005
    Location
    Paradise
    Posts
    324

    Default What percentage do you give to TSP?

    I am curious to see what the majority give? I have read several times to cover the basics give 10% and to retire comfortable give 15% and to retire early give 20%. Of course giving $15,500 the max is the goal but most like me can't afford. I currently give 11% but aim for 15%. Circumstances have prevented me from giving 15% but will be back on track by January 1st. Thanks for your input.
    Pill


  2.  
  3. #2

    Join Date
    Oct 2005
    Location
    rockville, md
    Posts
    1,667

    Default Re: What percentage do you give to TSP?

    Obviously everyone should put in 5% to get the matching regardless of one's situations. As one's account grows, an increased return will overshadow the few hundred dollars every two tweeks. Of course, every percentage increase, reduces you adjusted gross income, so it helps there as well.

  4.  
  5. #3

    Join Date
    Feb 2005
    Location
    USA
    Posts
    1,132

    Wink Re: What percentage do you give to TSP?

    I do the $15,500 plus the $5,000, but then I only have 6 more years theoretically.

    I've made the decision not to withdraw from TSP, though, until the mandatory age.

    GGAL
    Where's Ronald Reagan When We Need Him!!!

  6.  
  7. #4

    Join Date
    Jul 2005
    Location
    Atlanta, GA
    Posts
    2,248
    Blog Entries
    1

    Default Re: What percentage do you give to TSP?

    For some of us the max (15,500) is only about 11%. Poll will be inaccurate.
    CURRENT ALLOCATION = 100% G
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

  8.  
  9. #5

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,828

    Default Re: What percentage do you give to TSP?

    I contribute a fixed dollar amount per pay period, $500.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Expected retirement date: November 2023

  10.  
  11. #6

    Join Date
    Oct 2006
    Location
    Tennessee hills
    Posts
    1,021

    Default Re: What percentage do you give to TSP?

    Quote Originally Posted by ATCJeff View Post
    For some of us the max (15,500) is only about 11%. Poll will be inaccurate.
    Well, that definitely wouldn't apply to ME! I bring in a "tad short" of 141K/yr.
    ~ Take nothing but pictures ~ Leave nothing but footprints

  12.  
  13. #7

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,828

    Default Re: What percentage do you give to TSP?

    Quote Originally Posted by budnipper1 View Post
    Well, that definitely wouldn't apply to ME! I bring in a "tad short" of 141K/yr.
    You must not be an air traffic controller.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Expected retirement date: November 2023

  14.  
  15. #8

    Default Re: What percentage do you give to TSP?

    Quote Originally Posted by FUTURESTRADER View Post
    Of course, every percentage increase, reduces you adjusted gross income, so it helps there as well.
    I made a spreadsheet for that exact purpose. It calculates all my deductions - TSP, health, Fed Tax, NY State Tax, NYC Tax, Social Security, Medicare, misc deductions, etc. It also calculates all the pay (Night Dif, Sunday pay, overtime, holiday). I used the spreadsheet to see how much my paycheck would change when I adjusted my TSP allocation (I can put in a dollar amount or a percentage) or if I changed my marital status or deductions. It's become a little popular spreadsheet at work. It gets our paycheck almost perfectly correct. It gets screwed up by a few cents or dollars when we get overtime. For some reason, overtime pay is at least time and a half, but always a little more.

    I made the spreadsheet for New York residents, but I guess it could easily be adjusted for any state. I'll have to upload it and share it here if anybody cares.

  16.  
  17. #9

    Default Re: What percentage do you give to TSP?

    Quote Originally Posted by budnipper1 View Post
    Well, that definitely wouldn't apply to ME! I bring in a "tad short" of 141K/yr.
    I hear ya!! Man, I could only dream of such a paycheck.


  18.  
  19. #10

    Join Date
    Mar 2007
    Location
    Kentucky (somerset)
    Posts
    360

    Default Re: What percentage do you give to TSP?

    Well my check is sad in comparison. I'm was putting 9 percent but do to a decent raise i'm putting all of it in there so that bumped up my percentage to 18% But unfortunately it doesn't get me the 15,500 a year. Maybe one day.
    "Live like nobody else, so later you can live like nobody else." -Dave Ramsey

  20.  
  21. #11

    Default Re: What percentage do you give to TSP?

    Earlier this year I was contributing $15,500. But when my wife lost her job and we found out she is pregnant with our first, I rolled it back to 5%. This upcoming paycheck is my first at GS13 and Im looking to increase my contributions again, although Im leaning towards going to a Roth instead of TSP. Ive run the numbers and the Roth makes more sense to me since Ive got 30 years until retirement.

  22.  
  23. #12

    Wink Re: What percentage do you give to TSP?

    I max the $15,500 limit plus the $5,000 catch up.

  24.  
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