Newbie but oldie in age!!!

[RR23]

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Hopefully, will retire in the next 5-10 years. I've only been a full time FERS employee for 10 years. I'm contributing 15% of my $50,000 salary plus a $4,000 catch-up so it equals about $10,500 annually to my TSP account. I've never changed my original contributions - 1/3 to each of the G, F and C funds. Any thoughts on what I should be doing at my age?

BTW, myunderstanding with FERS is we can contribute up to 15% of our salary but not the full amount the IRS allows. Is this true?

 

[rokid]

imported post

RR23,

Based on an MVO analysis, historically, your allocation should provide an 8.5% annual average return with a 6.8% standard deviation. That means that 68% of the time, you can expect a return between 15.3% and 1.7%. 95% of the time, you can expect a return between 22.1% and -5.1%.

If you can accept greater risk, you can achieve a higher return. Whether or not you should accept higher risk or need a higher return depends on your circumstances and your tolerance for losses.

Incidentally, the IRS max is higher than what you can contribute based on your salary and the max FERS contribution.The IRS max is$14K or $15K.

 

[Show-me]

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http://www.tsp.gov/features/chapter03.html

http://www.tsp.gov/features/chapter01.html#sub4

[align=center]
[align=left]If you can't reach your IRS Limit thru the TSP, use a ROTH or Traditional IRA.[/align]

[align=left]If thats what your going for.[/align]



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