There are over 49,000 TSP Millionaires!!
Great article over on Fedsmith.com, giving data on the most recent stats for TSP holders.
The highest account balance is over $7 million right now- but there are also more than 49,000 people with more than a million bucks!
Read the full story here- then come back with your comments- what do you think?
Link: https://www.fedsmith.com/2020/01/13/...-millionaires/
Sent from my iPhone using TSP Talk Forums
Re: There are over 49,000 TSP Millionaires!!
I would love to see breakout buy years contributed going back from 12/31/2019.
5 years
10 years
15 years....
That would show the market rise and fall better.
With many top government employees rolling over private accounts into TSP, not surprised by this. My 3 year break from government service and I rolled over 33% of current value. I was afforded the ability to contribute more on the outside.
Now I'm at catch-up levels. OMG 2019 really was a good year, hoping for more.
Good to see you my friend!
Re: There are over 49,000 TSP Millionaires!!
I would have been a lot closer to a million if I had been more aggressive last year. Still, getting there.
Quote:
Originally Posted by
James48843
Great article over on Fedsmith.com, giving data on the most recent stats for TSP holders.
The highest account balance is over $7 million right now- but there are also more than 49,000 people with more than a million bucks!
Read the full story here- then come back with your comments- what do you think?
Link:
https://www.fedsmith.com/2020/01/13/...-millionaires/
Sent from my iPhone using
TSP Talk Forums
Re: There are over 49,000 TSP Millionaires!!
Never, ever thought that my next milestone would be that number.
Still quite a ways off, but my windshield points to the mil marker rather than any of the other normal markers.
Re: There are over 49,000 TSP Millionaires!!
The FedSmith article also has data on lesser TSP amounts that we can compare ourselves to. I don't expect that there are too many of the 49,000 millionaires here on TSPTalk. I'd be happy with half that amount. I can't complain too much, though. I had a good year last year that helped me a long way toward retirement. Now I just need to keep it. Either way, up or down, I won't be retiring at the end of 2022.
Re: There are over 49,000 TSP Millionaires!!
Quote:
Originally Posted by
Cactus
The FedSmith article also has data on lesser TSP amounts that we can compare ourselves to. I don't expect that there are too many of the 49,000 millionaires here on TSPTalk. I'd be happy with half that amount. I can't complain too much, though. I had a good year last year that helped me a long way toward retirement. Now I just need to keep it. Either way, up or down, I won't be retiring at the end of 2022.
There is at least one if he/she is still around.
Re: There are over 49,000 TSP Millionaires!!
There is a poll on FedSmith today asking if you have over $1 million in your TSP account.
So far 28 have answered yes and 311 have answered no.
Re: There are over 49,000 TSP Millionaires!!
This morning the poll is up to 52 YES and 569 NO.
That's still around 8% Millionaires.
Re: There are over 49,000 TSP Millionaires!!
Quote:
Originally Posted by
Cactus
This morning the poll is up to 52 YES and 569 NO..
Tomorrow's headline on Fedsmith:
Nearly 10% of Fedsmith Readers are Millionaires!
Re: There are over 49,000 TSP Millionaires!!
Quote:
Originally Posted by
James48843
Tomorrow's headline on Fedsmith:
Nearly 10% of Fedsmith Readers are Millionaires!
Yeah, then the media will use that to claim that federal employees make too much money and need to be cut back. :mad:
Re: There are over 49,000 TSP Millionaires!!
Quote:
Originally Posted by
Cactus
Yeah, then the media will use that to claim that federal employees make too much money and need to be cut back. :mad:
I was thinking the same thing! [emoji3064]
Sent from my moto z3 using TSP Talk Forums mobile app
Re: There are over 49,000 TSP Millionaires!!
What happens to $1M in a bear market.... Start at 2:00....
https://www.youtube.com/watch?v=EC7RbbYQi78&t=120s