Originally Posted by
cak165
I guess what I'm trying to find out are actual strategies for using the TSP as a supplementary retirement fund? I think there was a couple of good answers, I'm trying to figure out whether to continue to contribute to it (figuring out the limitations of the TSP in this market environment), roll it into a Roth or another 401K if I get another job, is there a good percentage to shoot for from the TSP?
Here's what I'm trying to figure out, most financial planners tell us to shoot to replace 80% of our income (or some number that fits our specific situation) so if I end up getting say 50-60% of my income at retirement (65-75% of base) then I would need to come up with 20-30% from TSP or other retirement plans. To get 20-30% in X number of years, I would work out the numbers backwards and see how much I need to contribute and how much risk I need to take, these are the strategy ideas I'm looking for, I actually talked to several financial planners and some with previous military experience and aware of how the system work, but none seem to have a good handle or a well-developed plan, some wanted to sell annuities, some telling me about life insurance needs, and it should be much simpler, or am I missing something?
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