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Or you can now use TapaTalk again!Share Your TSP Balance and Your Age Thread
- Thread starter Globalpack
- Start date
GREENBAYPACKERS
New Contributor
- Reaction score
- 1
my balance is now $127800 roughly 48 days later...
RazorCat
Market Veteran
- Reaction score
- 62
Check out the Premium Services page and pick one that suits your investing style. Move your money between funds according to the signals given by whichever service you pick. Trust me, you’ll come ahead.TxNative58
First Allocation
- Reaction score
- 1
Age 60, starting my 30th year, TSP balance 765k, C 55%, S 35% I 10%,,projected retirement date 68 if I stay in shape.markerbeacon
First Allocation
- Reaction score
- 1
$748K, 65 years, all in "S" Fund.
chaingunmike
First Allocation
- Reaction score
- 0
$716,000 TSP (55% C fund, 16% S, 29% G) w/ 28 years federal service at age 58. Shooting for $1 Million+ in next 5 years and when I reach it I’m gone. Also have $100,000 in a Roth IRA and some individual stock (Apple). Crossed the $1,000,000 net worth milestone early this year after paying off mortgage.Retired end of June 2017 @ age 47 with 28 years of service (including 4 years of active duty) partial withdrawal $240K and transferred to IRA and Roth IRA on 8/31/2017 left $100k ($100,875) in TSP. As of today my Tsp balance is $118,327 (so far 98% match with my Autotracker since two times I was in or out either a day later or earlier than my real account).
I invested only 5% to get matching during my 24 years of service. Always took a loan for the max available from TSP and continue to take out another loan after paid off the prior one (not recommend to anyone). My IRA and Roth IRA balance are increase more than 64% since September of last year by trading options. If this rate continue hopefully I have a chance to increase my balance to million within 3 years (so far I withdrew over $100k from my IRA for vacation and my two kids college expenses, but at least my younger one will be starting her 3rd year this Fall at the University with expect to withdrawal at least $50k to $100K per year). Very difficult to increase balance faster since I have to wait for 2 days settlement on cash accounts.
This week the signal is bullish on SPX with uncertain, but I have OVER 500 Calls contracts open that including APPL (40 contracts), AMZN (10 contracts or to control 1,000 shares or $2.8M with average between $5 to $6K per contract - very expensive that cost between $2k to over $9k per contract for expiration on 07/27 and 08/31 from $2800 to $2880 will close at least 5 to 8 contract before the earnings - note: this is the 1st time that I use so much money on a single stock normally I use around $2k or $2 per contract for 10 contracts), FB (60 contracts, this is another stock that I break my own rule by using more than 5% of the entire account balance), BAC (10 contracts left are free since I closed 10 contracts for 120% profit), FAST, MA, ADBE, LULU, IDTI, MU, SPX, SPY, XBI, VIX (protection and most of the time August is positive on this one) and more. I'm stay on the sideline for my TSP account since I can't closed out within minute as market direction change as needed like my IRA and Roth IRA.
I used 1% or $1k (sometime up to 2% or $2K) by selling the opposite of what my IFT of TSP fund and earned equivalent to more than $100K that I left in my TSP account. Normally I collect any where from 25% to over 100% profit. the expiration is depend on the time frame I was in the fund (This time I bought VIX instead of credit spread)
Example: If I'm in S fund then I sell puts spread of IWM to collect credit
if C fund then sell SPY
if I fund then sell EFA
if F or G fund then sell call spread of SPY, IWM or EFA depend on the one with the most creditLast edited:Age 58; 27 yrs. Civil Service + 4 yrs Mil. Active that I purchased into FERS. TSP balance: $1.1 mil. Plan to retire 12/19. Have for past 20 years contributed the IRS max. allowed into TSP. Mostly held at C: 60%, S: 20%, I: 20%. Now have some in F and L2020, but still maintaining about C: 55% and S and I at 10% each.I'm 54 1/2 and have been a Postal Employee for 29 years. TSP balance is $690k. 100% in the c-fund at this point. I was lucky enough to get out of the stock fund in the early 2000's and again in 2008 and missed most of that down time. Currently weighing my options on the timing of my retirement.
RealMoneyIssues
TSP Legend
- Reaction score
- 100
Daaaaaang... I am soooooo far behind
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PessOptimist
Market Veteran
- Reaction score
- 58
Be of good cheer RMI. I got a late start and over 20 years have managed to accumulate $.6 Mil. All is not lost.Daaaaaang... I am soooooo far behind
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PO
James48843
TSP Talk Royalty
- Reaction score
- 562
$721,358 and 58, with 29 years,10 months and 4 days of service.
Not that I am counting down to 30 years, or anything.
The plan is - probably 3 more years, or till I hit $1 million, which ever comes first, then parachute out to my next adventure.
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James48843
TSP Talk Royalty
- Reaction score
- 562
Hey super Dave- please be sure to let me know when you decide to bail out of stocks. I got trashed in the crash of 87; the pullback of 91, the dot.com bubble of 2000, and got shellacked in the crash of 2008-2009.
So if you got any idea of a good time to move to safety, I’m all ears!!!
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TangoMike
New Contributor
- Reaction score
- 2
Update:Well i retired in 03/2017 and went contractor my balance update is 520k and another 35k in a sep ira; i've been primarily 70%g with the other percentage in s, c, or 2030. I'm pinging about 3.4 - 4.2% a year and I'll take it cuz it lets me sleep at night. I really don't want to touch my tsp till 2022 (62yo then) so hopefully i'll pickup 100k or so in interest. I enjoy this particular thread very much!Hi just turned 55. Balance $1,242,000. Been investing in TSP for 31 years. Invest 17K a year. Use to be at the max, but due mostly to laziness on my part have not kept up with the IRS increases to the max limit. My allocations are spread about 75% C/S/I, with mostly in C and the remaining in 25% spread on the out year L funds. When I first started in TSP, I was focusing on being in a position to retire at my MRA of 56 with 1M balance. Although I hit the 1M mark, it is 50/50 on retirement at 56. Most likely, I will wait to 59 when my house is paid. New target is 1.5M
Far from an expert, but my advice: Invest the max allowable or as close to max possible, if you can afford it. If you can't, I would encourage you to increase your TSP % contributions as your salary grows. The key is getting to the max (or close to) a soon as you can. As far as fund selections, given your age, I would suggest C and S, with most in C. If you are looking to reduce some of the risk, then you can add some to one of the L funds. However, I would pick the L 2050 fund, if you choose that route. At your age, I would not have anything in G. As far as timing, I would encourage you to view TSP as a long term vehicle. TSP encourages this and has eliminated the ability to "day-trade" via TSP. Don't sweat the ups and downs of the market at your age. With that said, over my 31 years in TSP, I have made short term moves to protect my balances when there have been significant moves in the S&P index, like in 2008. Not worried about perfect timing, but more asset protection. With that said, I don't change how I buy in the TSP. In fact, in those circumstances I increase the opportunity to buy low. Hope that helps.Similar threads
