Do you have other retirement accounts?

Do you have other retirement accounts?

  • SEP IRA

    Votes: 0 0.0%
  • Traditional IRA

    Votes: 0 0.0%
  • SIMPLE IRA

    Votes: 0 0.0%
  • Other

    Votes: 0 0.0%

  • Total voters
    8

Rolo

Active member
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Curious to see "the rest of the story" and stimulate conversation.

This can get more relevant as TSP limitations are raised/lifted.

Note that the question does not differentiate whether you continue to fund these other accounts.
 
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I have the Virginia Retirement System (VRS) and ICMARC retirement. ICMARC is alot like TSP except they don't match funds. They do however have more funds and other retiement investment strategies to choose from. I use this web site to also help me with my ICMARC retirement strategy :D.
 
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I have2 403 (b) accounts, and have very recently been playing with a taxable brokerage account. It's a short term thing, because I can trade free until 11/21 and then the fees are $20 a trade. Then I'll have to think carefully which, if any, stock I want to hold for a while before it becomes worthwhile to sell it at those fees.

I will say one thing. Buying stocks teaches what volatility is REALLY fast. I made a couple percent on CRAY when I sold it after gaining nearly 8% in a few days and then back down to 1.5% up when I sold. I lost 4% on SANYY almost instantly, and sold it. I have gained on TM (Toyota), gained with GFIG (thanks shark investing) and Friday morning bought a few shares of CWPC (Can-West Petroleum) which jumped 12% in a day. So far I'm ahead, but good lord it's luck. I bought CWPC because some MD casually mentioned that I should watch it, and I bought a small amount. It's fun, but when I have to pay fees, I think my trading days are done.

I really like the TSP, but as a military reservist I don't get any matching funds. I like the TSP because it's so perfectly divided between the sectors. I have managed far better performance from the TSP than anything else.

Disclaimer for the paranoid: I don't know anything, and nobody verifies my returns. Do not use anything I say as advice, and because I mentioned some securities by name should not encourage anybody to buy them because when I am saying I was up 12% it means $6 for that specific account. I mention it as a way to talk about how flipping fast things happen with individual securities.
 
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From: Spaf

Yes, I have other retirement accounts!

My planned retirement is July 2006. So I'm in a semi capital preservation mode.

TSP is good, so I'll stay here and manage my own funds, conservatively.

Other funds (2) are with a online broker. They are tax paid. I can yank them when ever I want, or manage them as I wish.

Other funds (3) are set aside for emergencies. Right now I try to keep a minimum of 10K at a moments notice.

Sorry, looked at other investments, companies, etc., and couldn't find anything I liked. Nearest thing was USAA. I guess I could call that plan B.

As far as what to do when :scomes knocking.....I will go with a will! My others do not impress me. They seem to be 30-40 going on 13.

In the mean time, I've moved to our retirement home and minimized all bills.

Love it! Rgds :) Spaf
 
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I have a traditional IRA from years ago. My wife has a 403b. I have a Roth and we have 6 DRIP (dividend reinvestment) stocks, a credit union account and a few ibonds (which is definitely "other")
 
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