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Thread: Who wants to be a Millionaire?

  1. #13

    Join Date
    Dec 2006
    Location
    Los Angeles
    Posts
    644

    Default Re: Who wants to be a Millionaire?

    Quote Originally Posted by James48843 View Post
    Today the Office of Personnel Management (OPM) posted a new "retirement ballpark calculator" on their website.

    http://www.opm.gov/benefits/ballpark/menu.asp

    I tried it-

    Was not as user friendly as other retirement calculators out there, but still, it's not too bad.

    Give it a spin.....
    I still have six years before I reach my MRA of 56, but I finally see light at the end of the investment tunnel!!! I would like to see the time come when my interest earned out paces my base pay. That day isnít here yet, but itís getting really close. I just wish I had started investing back in 1975 when I joined the Navy, but they didnít have 401Kís back then anyway. This is the first year I have been able to take advantage of the 20.5K deposit limit for us in the 50's club!

    My recommendation to the kids getting started today in the TSP is to max it out from day one. Even if you have to work a 2nd job or have your spouse assist you, it will pay off big time. Itís always interesting to take a peek at the difference in time versus amount deposited. Thanks for your web site link, I will check it out. Good luck with your TSP investments!
    Maintain a positive attitude, focus on what you want and show gratitude for what you haveÖ

  2.  
  3. #14

    Join Date
    Feb 2005
    Location
    USA
    Posts
    1,132

    Cool Re: Who wants to be a Millionaire?

    Hey, I tried to do the calculator, for FERS, and put in my SCD as 7/1/84.....it went bonkers on me and told me that FERS didn't start until 1/1/1987, which is pure BS!

    Scuse my French.
    Where's Ronald Reagan When We Need Him!!!

  4.  
  5. #15

    Join Date
    Jul 2005
    Location
    Atlanta, GA
    Posts
    2,247
    Blog Entries
    1

    Default Re: Who wants to be a Millionaire?

    Quote Originally Posted by GeorgiaGal View Post
    Hey, I tried to do the calculator, for FERS, and put in my SCD as 7/1/84.....it went bonkers on me and told me that FERS didn't start until 1/1/1987, which is pure BS!

    Scuse my French.
    Ya break it, ya got buy it!
    CURRENT ALLOCATION = 100% S
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

  6.  
  7. #16

    Default Re: Who wants to be a Millionaire?

    Quote Originally Posted by GeorgiaGal View Post
    Hey, I tried to do the calculator, for FERS, and put in my SCD as 7/1/84.....it went bonkers on me and told me that FERS didn't start until 1/1/1987, which is pure BS!

    Scuse my French.
    Hey GG here is another TSP calculator that Skypilot posted. It doesn't ask for your SCD and uses your current TSP balance as the point of reference. The benefit report is pretty cool.
    http://hr.er.usgs.gov/calculators/tsp/tsp.pl

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  9. #17

    Default Re: Who wants to be a Millionaire?

    Duh!! It would help if I'd read the first page of this thread before posting.

  10.  
  11. #18

    Default Re: Who wants to be a Millionaire?

    I agree; start early and max out as much as possible. Our goal when I hit MRA hit in 13 months was to have $1M in our TSP accounts (mine and wife). Getting very close if not at MRA then hopefully in a few extra months.

    Great advice for new TSP starters. Us older TSP folks are living prove that your investment goals can be met.

    Ed


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  13. #19

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,941

    Default Re: Who wants to be a Millionaire?

    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

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