$853000, 58 years old, 30 years of service. Getting closer every day!
$853000, 58 years old, 30 years of service. Getting closer every day!
$721,358 and 58, with 29 years,10 months and 4 days of service.
Not that I am counting down to 30 years, or anything.
The plan is - probably 3 more years, or till I hit $1 million, which ever comes first, then parachute out to my next adventure.
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Hey super Dave- please be sure to let me know when you decide to bail out of stocks. I got trashed in the crash of 87; the pullback of 91, the dot.com bubble of 2000, and got shellacked in the crash of 2008-2009.
So if you got any idea of a good time to move to safety, I’m all ears!!!
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Update:Well i retired in 03/2017 and went contractor my balance update is 520k and another 35k in a sep ira; i've been primarily 70%g with the other percentage in s, c, or 2030. I'm pinging about 3.4 - 4.2% a year and I'll take it cuz it lets me sleep at night. I really don't want to touch my tsp till 2022 (62yo then) so hopefully i'll pickup 100k or so in interest. I enjoy this particular thread very much!
I am 32 and have been contributing to TSP for almost 5 years now. My balance is about 90k, and always looking for information to help for fund selections and timing.
Hi just turned 55. Balance $1,242,000. Been investing in TSP for 31 years. Invest 17K a year. Use to be at the max, but due mostly to laziness on my part have not kept up with the IRS increases to the max limit. My allocations are spread about 75% C/S/I, with mostly in C and the remaining in 25% spread on the out year L funds. When I first started in TSP, I was focusing on being in a position to retire at my MRA of 56 with 1M balance. Although I hit the 1M mark, it is 50/50 on retirement at 56. Most likely, I will wait to 59 when my house is paid. New target is 1.5M
Far from an expert, but my advice: Invest the max allowable or as close to max possible, if you can afford it. If you can't, I would encourage you to increase your TSP % contributions as your salary grows. The key is getting to the max (or close to) a soon as you can. As far as fund selections, given your age, I would suggest C and S, with most in C. If you are looking to reduce some of the risk, then you can add some to one of the L funds. However, I would pick the L 2050 fund, if you choose that route. At your age, I would not have anything in G. As far as timing, I would encourage you to view TSP as a long term vehicle. TSP encourages this and has eliminated the ability to "day-trade" via TSP. Don't sweat the ups and downs of the market at your age. With that said, over my 31 years in TSP, I have made short term moves to protect my balances when there have been significant moves in the S&P index, like in 2008. Not worried about perfect timing, but more asset protection. With that said, I don't change how I buy in the TSP. In fact, in those circumstances I increase the opportunity to buy low. Hope that helps.
Max out your contributions to the extent possible each year. At your age, and with a commendable TSP balance, you have the advantage of compound interest working in your favor for literally decades to come. I’m sure other have compounding calculators that they use to project future balances, but this is one I use. https://financial-calculators.com/co...est-calculator
You might also want to set up an account in the TSP Autotracker. A valuable tool for keeping up with percentages throughout the year.
Good look young man.
Thanks for the insightful information BR James and Razor Cat. Seems the most common factor when asking for advice is to max (as much as possible) contributions as early as possible. Glad I have learned this pretty early in my career.
I wish I had done that!!
Don't be too hard on yourself, nnuut. If you remember, we weren't allowed to do that when we were younger. The max we were allowed to contribute was 10% back then. That's always irked me because I could have contributed a lot more early on before getting married. By the time they changed that to the IRS limit I was married and had too many obligations in place. I had to wait for step increases and COLA increases to bump mine up to the limit. It's a lot harder to do it that way.
Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
Past Returns: 2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
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