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Thread: There are over 49,000 TSP Millionaires!!

  1. #1

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    Default 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/




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  3. #2

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

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  5. #3

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    Default 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 View Post
    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
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

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  7. #4

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    Default 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.
    Lookin' up at the 'G Fund'!!!

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  9. #5

    Default 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.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

  10.  
  11. #6

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    Default Re: There are over 49,000 TSP Millionaires!!

    Quote Originally Posted by Cactus View Post
    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.
    Lookin' up at the 'G Fund'!!!

  12.  
  13. #7

    Default 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.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

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  15. #8

    Default 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.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

  16.  
  17. #9

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    Default Re: There are over 49,000 TSP Millionaires!!

    Quote Originally Posted by Cactus View Post
    This morning the poll is up to 52 YES and 569 NO..
    Tomorrow's headline on Fedsmith:

    ​Nearly 10% of Fedsmith Readers are Millionaires!


  18.  
  19. #10

    Default Re: There are over 49,000 TSP Millionaires!!

    Quote Originally Posted by James48843 View Post
    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.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

  20.  
  21. #11

    Default Re: There are over 49,000 TSP Millionaires!!

    Quote Originally Posted by Cactus View Post
    Yeah, then the media will use that to claim that federal employees make too much money and need to be cut back.
    I was thinking the same thing! There are over 49,000 TSP Millionaires!!

    Sent from my moto z3 using TSP Talk Forums mobile app

  22.  
  23. #12

    Default 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

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