TSP Millionaires

[Skorcher]

Mike Causey has an update on TSP millionaires. Who here has $4M in thier account?
Who's the TSP's $4 million mystery man/woman? - FederalNewsRadio.com

Who's the TSP's $4 million mystery man/woman?

Monday - 4/13/2015, 2:59am EDT

By Mike Causey


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We all know that $1 million ain't what it used to be. Still, it's better to have it then not have it. Even if gas is cheap.
Having a $1 million nest egg is something that a lot of federal and postal workers have learned is possible through investing smartly in their Thrift Savings Plan accounts. A growing number of them—4,167 to be precise—now have million-dollar-plus account balances.
More than 21,000 feds are approaching the million dollar barrier. Currently, there are 21,458 feds with accounts worth between $750,000 to $999,999.

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More: Who's the TSP's $4 million mystery man/woman? - FederalNewsRadio.com

 

[tsptalk]

Thanks for the info, but please be careful. It's been a while since we've had any issues, but we can't post entire articles without the author's permission.

http://www.tsptalk.com/mb/rules-tos...rticles-copyrighted-materials.html#post287087

Thanks!

 

[jkenjohnson]

Not me, but after joining this forum, I am 37.5% of the way there. Wish I could end up with 4 million! Thanks for this great website Tom.

 

[Viva_La_Migra]

Mike Causey has an update on TSP millionaires. Who here has $4M in thier account?
Who's the TSP's $4 million mystery man/woman? - FederalNewsRadio.com

Who's the TSP's $4 million mystery man/woman?

Monday - 4/13/2015, 2:59am EDT

By Mike Causey


More Reports



We all know that $1 million ain't what it used to be. Still, it's better to have it then not have it. Even if gas is cheap.
Having a $1 million nest egg is something that a lot of federal and postal workers have learned is possible through investing smartly in their Thrift Savings Plan accounts. A growing number of them—4,167 to be precise—now have million-dollar-plus account balances.
More than 21,000 feds are approaching the million dollar barrier. Currently, there are 21,458 feds with accounts worth between $750,000 to $999,999.

---

More: Who's the TSP's $4 million mystery man/woman? - FederalNewsRadio.com

His name is Noneya! None of ya Fracking business!:ban::soapbox:

 

[wavecoder]

His name is Noneya! None of ya Fracking business!:ban::soapbox:

4M tsp account, i would guess birchtree

 

[burrocrat]

actually, i believe the $4 million tsp account holder's name is greg long.

 

[wavecoder]

actually, i believe the $4 million tsp account holder's name is greg long.

Has to be someone who's retired. Heck if I had a 4.8 million balance I'd be strongly considering early retirement :laugh:

 

[Viva_La_Migra]

actually, i believe the $4 million tsp account holder's name is greg long.

Is he taking hundredths of a penny from each account holder each month and depositing into his account?

 

[Viva_La_Migra]

actually, i believe the $4 million tsp account holder's name is greg long.

I'd guess a long serving Senator, Congressman, or Supreme Court Justice.

 

[PessOptimist]

I would be curious to know if this person started from $0 and/or if at some point rolled an existing account into TSP.

PO

 

[Frixxxx]

I would be curious to know if this person started from $0 and/or if at some point rolled an existing account into TSP.

PO

100% of my money is this person was a rollover from private sector....Can you imagine having a couple of million dollars in a 401K at 3% management fees, taking a job with the government and having an investment engine under .5% fee? WOW!!!!
Peanut butter, jelly time!

 

[wavecoder]

100% of my money is this person was a rollover from private sector....Can you imagine having a couple of million dollars in a 401K at 3% management fees, taking a job with the government and having an investment engine under .5% fee? WOW!!!!
Peanut butter, jelly time!

If that's the case, he/she shouldn't count as a TSP millionaire since it wasn't the TSP that got them there.

 

[Lakebound]

I can't prove it but, his first name is Scott and he retired from the USDOJ.

Frank

 

[Cactus]

If that's the case, he/she shouldn't count as a TSP millionaire since it wasn't the TSP that got them there.

I buy that. Now we just need to filter those guys out of the tally.

 

[SJCX]

My goal is 3 mill

 

[burrocrat]

My goal is 3 mill

my goal is to be your wife.

 

[SJCX]

my goal is to be your wife.

I already have a wife and she is a federal employee as well. She should be able to get to about 1.5 mill herself

 

[burrocrat]

I already have a wife and she is a federal employee as well. She should be able to get to about 1.5 mill herself

do think you guys might be in the market for a pool boy anytime soon?

 

[Itchn2retire]

How Do You Compare to Other TSP Investors? : FedSmith.com Blogs

 

[Maricar19]

How Do You Compare to Other TSP Investors? : FedSmith.com Blogs

I wonder what the average federal employment years of the FERS taken into consideration in this stat? The average TSP shown sounds pretty low. It probably included employment under 5 or 7 years.
I wonder what the average is for somebody with 20 and 30 years? That would be a better gauge for me.