I want to give a big thank you to Tom for running this site. I have been with the federal govt for over 30 years and switch from CSRS to Fers 12 years ago because my agency does not give advice and expects employees to manage their own retirement. At the time a supervisor suggested I switch but did not realize I did not know anything about the stock market. My balance could have been double or triple of what it is now if I had the knowledge to grow it over the years! I did not start taking a serious interest until approx four years ago. I started paying someone over $200 yr to suggest what funds to transfer and this was going well until I lost $10,000 last Jan/Feb 2010 as he had us in stocks during a 3 day correction. I then discovered tsptalk and started following other members and wasn't protecting capitol and started losing alot more money.....
My balance got as low as $134,000 and I really started sweating IT! I started learning more from other members, especially SWAVET who is awesome and has been able to provide some invaluable advice and insight, and show alot of patience to me. I was able to increase my balance and today it is around $172,000 due to this great website! There are still so many employees in my office who do not even invest 5% into thrift and it will mean something when they are ready to retire. Thanks again to everyone, this site really brings a chuckle and the thrift is even more important with the cost of living freeze and the general public thinking govt employees make too much. Hopefully they will get a handle on the deficit or we will all be in trouble!
