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Thread: Share Your TSP Balance and Your Age Thread

  1. Default Re: Share Your TSP Balance and Your Age Thread

    Iím retired at 57 31 years service and my tsp is still performing postal millionaire. Now I am 59 and leaving in.


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  3. #278

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by nasa1974 View Post
    Valkyrie,
    Same thing here. Started in the "G" fund and never maxed out my contributions. I was CSRS so I didn't get any matching funds. Just figured since I got a pension the TSP was just going to be a little extra in the account, vacation money. But you're right there was very little information in the beginning on how or what to do. If only I knew then what I know know.

    I started out in CSRS for four yrs, then left the govt for 18 months. when I returned the TSP was in effect. missed getting back into the CSRS by 30 days. and then of course when I came back NOBODY told me I could buy back my time. when I finally found out about doing that, I only owed a couple hundred to pay back but the interest was over 3k. I brought back in and started to recouped that money 18 months after being retired, and now get more per month. Of course the dept that handles the payback, said they hear it all of the time, nobody knows until later on when it is a big interest payment. they don't tell anybody, i wonder why?
    "Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other." John Adams 10/11/1798

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  5. #279

    Join Date
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    Default Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by chaingunmike View Post
    Iím curious, do any other TSP millionaires remember the date that their TSP first crossed into 7 figures? Iím 61, 30 years service, and retiring December 2021.
    Yep. December 4, 2020, I went by the 7 figure mark. And boy, does that feel good. I let out a big sigh of relief.

    Retired August 31, 2020, with 32 years of service.

    Set up my first actual withdrawal, too. Now I am going to get $1,000 per month. I want to let the bulk of my account grow for a while, at least until the FERS supplement ($1440/mo) runs dry in Aug 2022. Then I can re-evaluate, and decide whether to claim Social Security early at age 62, or just wait, and tap my TSP funds for a few years in lieu of claiming Social Security early. Iíd really prefer to let SS ride until Iím 64 or 65, so the monthly amount isnít cut so much. But Iíll wait till we get there to make those decisions.



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  7. #280

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    Default Re: Share Your TSP Balance and Your Age Thread

    Boom!

    And just like that, the markets react to:

    1. A settlement finally on done kind of Congressional COVID package. (Sell on the news).

    2. The UK announces big shutdown due to new Covid strain that appears to spread much faster. Other EU countries respond by halting all traffic to and from the UK, and the European Markets all promptly drop 2 to 3% in a few hours.

    3. Continued unrest regarding the departure of the President, and new lawsuits filed.

    And just like that, poof- the markets will sink before noon.

    Letís hope that is just a weak morning, and the Santa rally does not turn into a Satan rally.


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  9. Default Re: Share Your TSP Balance and Your Age Thread

    New to the site (I purchased premium services RevShark and TSP Plus)...I'm 61 years old I have current $815K and have 16 years of civilian service and that has been my only investment in the TSP (spent 23 years in military). I'm currently in the L2025 fund but looking to take advantage of the knowledge on this board to get to the $1M club by year 2022. I currently max out my TSP and CuC amounts. I'm looking to retire in three years.

    QUESTION: Do you think I can accomplish the goal of being in the $1M cub by Jan 2022?

    Thanks in advance for any feedback anyone can provide!

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  11. #282

    Join Date
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    Default Re: Share Your TSP Balance and Your Age Thread

    Anything is possible, but a return of 20% in one year is not reasonable. At this point in your life you should be considering the potential downside.

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  13. Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by Bullitt View Post
    Anything is possible, but a return of 20% in one year is not reasonable. At this point in your life you should be considering the potential downside.
    Appreciate the comment and will take in consideration the advice!

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  15. Default Re: Share Your TSP Balance and Your Age Thread

    Hi everyone, long time lurker.

    51yo, 17 years fed service, as of today $542k in TSP. I'm at 7% contribution this year after a few years of being at the minimum for match. However, I had close to a decade of 10-max% contributions while I was still single. I did not marry until I was North of 40yo.

    I stayed in the L funds almost exclusively shifting to L2040 a few years back. That's a bit aggressive for me as I will NOT be working in 2040. Stay the course, I weathered 2020 by not looking at my balance after things started going crazy back in March. Finally took a peak in late December.

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  17. #285

    Join Date
    Aug 2020
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    New Hampshire
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    Default Re: Share Your TSP Balance and Your Age Thread

    Welcome to the forum!

    I’ve been a TSP investor more like you. Set and forget but since I’m planning to retire in September I’ve been checking it more. I’m at 905k now with 23+ years investing. Been putting in max contributions for a while now and catch up contributions since 50. I was at 790k a year ago so I’m hoping to cross the million mark this year. Not that that’s a requirement to retire with but it’s been my psychological milestone since I started in the tsp.

    Good luck to you and everyone!

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  19. Default Re: Share Your TSP Balance and Your Age Thread

    Age 62; 32 yes service; TSP - 805k; hoping to get to 900k by year end; I max out 19500 + 6500; 60%\40% C/S

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  21. #287

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by TxNative58 View Post
    Age 62; 32 yes service; TSP - 805k; hoping to get to 900k by year end; I max out 19500 + 6500; 60%\40% C/S
    33 years old. 85000$

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  23. #288

    Join Date
    Dec 2007
    Location
    Colorado
    Posts
    294

    Default Re: Share Your TSP Balance and Your Age Thread

    age 67, contributed 24 yrs, sitting at 560k now. retired in 2014. had a 68.40% return last year, haven't pulled the trigger on ss yet
    tom1


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