Investment/Retirement advice (HELLO)

[SouthernCal]

Hello All,

Ok, due to some unforeseen life events.......divorces etc........I've had to do some things that I wished I had not to but need some advice........trying to restart TSP, been with the Government 8 years now and have been hybernating.......LOL........Trying to figure out the best plan of attack for my retirement....currently 47 yrs old.....will probably have to work 20 more.........Have a military retirement check and disability check.......Should I be more aggresive, passive, put it under my pillow or what? Any advice would be greatly appreciated.........recently moved into a job overseas so the Govt will pay for my housing and utilities for as long as I can stay here......need to throw some money into TSP and elswhere.........

Thanks all.......SouthernCal

 

[Show-me]

Maximize saving but risk is up to you. Save as much as you can because it is hard telling where social security and government pensions will be in the next few years.

 

[SouthernCal]

Thanks for your advice............I appreciate it.............

Staying alive................SC

 

[nnuut]

The Market changes on a daily basis, so you need to keep on top of things inorder to make good decisions about your investments. With the way the markets are today Buy and Hold is out of the question. Monitor and perticipate in the discussions and decide based on what others are doing and what you think would be the best allocations for you in the TSP.
Welcome to the board
Norman
Merry Christmas

 

[RealMoneyIssues]

SouthernCal, first off Merry Christmas; second, read a lot on this site to learn for yourself from others about how the market moves and how to take advantage of that. I am just a little younger than you and don't have very much in my TSP but still working towards maxing it out. I decided to change from buy and hold to moving my money as the market moves. Even with a really bad decision on my part in early August (aka being on the wrong side of the market) I have still managed to make up for that loss and have a small gain(5%+) for the year. If I had stayed B&H, I would have lost 5% and after doing a lot of research, I think that loss will be even higher next year...

So, with all of that said, take some time and do some research of the markets and your TSP so that you can make informed decisions. You can also join a premium service to make it easier on you. There are a lot of successful TSP traders on this site and you can follow there moves too...

I would highly recommend that you follow the research done by bloggers/posters on this site and learn all of this on your own. Make your own decisions, take ownership of those decisions, and you can make much more in your TSP than just hiding your money in a lifecycle fund (take a look at their returns)...

Good Luck !!