Author Topic: TSP Participants  (Read 16139 times)

Fomerly known as something

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Re: TSP Participants
« Reply #100 on: December 13, 2017, 04:44:03 PM »
Yes NFC automatically reduces the last payment.

Fomerly known as something

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Re: TSP Participants
« Reply #101 on: December 19, 2017, 09:25:23 AM »
FYI,

Just got this update from FERSGUIDE which I subscribe too.

There was a BIG surprise in the TSP's most-recent Fact Sheet publication!  On 12/14/2017, the TSP released a publication (TSP Fact Sheet 10) answering questions about the TSP Modernization Act of 2017. Near the beginning of the document, which you can view here, the TSP states that in addition to the changes required by the Act, "we're also adding the ability to specify how much of your withdrawal should be Roth and how much should be Traditional; withdrawals currently come out pro rata from both sources." 

dude

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Re: TSP Participants
« Reply #102 on: December 19, 2017, 11:55:25 AM »
FYI,

Just got this update from FERSGUIDE which I subscribe too.

There was a BIG surprise in the TSP's most-recent Fact Sheet publication!  On 12/14/2017, the TSP released a publication (TSP Fact Sheet 10) answering questions about the TSP Modernization Act of 2017. Near the beginning of the document, which you can view here, the TSP states that in addition to the changes required by the Act, "we're also adding the ability to specify how much of your withdrawal should be Roth and how much should be Traditional; withdrawals currently come out pro rata from both sources."

Wow, that's big.

wenchsenior

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Re: TSP Participants
« Reply #103 on: December 19, 2017, 11:57:06 AM »
This is all good news.  Will make my eventual Roth ladder strategy much easier, it looks like.

dude

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Re: TSP Participants
« Reply #104 on: December 19, 2017, 12:14:33 PM »
FYI,

Just got this update from FERSGUIDE which I subscribe too.

There was a BIG surprise in the TSP's most-recent Fact Sheet publication!  On 12/14/2017, the TSP released a publication (TSP Fact Sheet 10) answering questions about the TSP Modernization Act of 2017. Near the beginning of the document, which you can view here, the TSP states that in addition to the changes required by the Act, "we're also adding the ability to specify how much of your withdrawal should be Roth and how much should be Traditional; withdrawals currently come out pro rata from both sources."

Yep, here it is:

https://www.tsp.gov/PDF/formspubs/tspfs10.pdf

simonsez

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Re: TSP Participants
« Reply #105 on: December 19, 2017, 12:30:11 PM »
Seems like such a throwaway line for something so impactful, but is great news nonetheless!

PhrugalPhan

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Re: TSP Participants
« Reply #106 on: January 13, 2018, 12:02:49 PM »
My gf has a TSP where she is in the top 0.5% and is hoping to make the top 0.2% by her retirement date in 22 months. 

To the high TSP-ers, do you have any special plans for when you retire? That is... let the co-workers know what you have when you leave?  My gf doesn't like many of her co-workers and will probably let it "slip" how much she has as she walks out the door.
Well she did it,  My GF now has a two comma TSP account as of today.  And it happened even with her taking out a loan this year to pay for her son's college.  Hopefully now she will believe she has enough to retire.

Fomerly known as something

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Re: TSP Participants
« Reply #107 on: January 13, 2018, 12:31:42 PM »
A co-worker showed me that he is close to being a member of the TSP two comma club.  He is not sure if he is able to retire yet as well.  His balance made me sad somewhat as he has more than me.  But seeing as he has 9 years more in the system I guess I shouldn't be too upset. 

(Of course he'd be blown away with my brokerage account as he admits to living paycheck to paycheck outside of maxing out TSP)

waffles

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Re: TSP Participants
« Reply #108 on: January 13, 2018, 04:26:31 PM »
I can hardly believe how much my TSP has gone up in the last year (almost $200,000). $840,000 now, and 100% C,S and I. But it certainly has a bit of an easy come easy go feeling right now. I'm hoping to not touch it for at least 10 years or so, and I'm staying put on my allocation.



Fomerly known as something

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Re: TSP Participants
« Reply #109 on: January 23, 2018, 07:06:43 AM »
Last year at this time I was hoping to hit $500,000 by the end of the year.  I did but never expected to actually have things start with a 6 which it is this morning.

dude

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Re: TSP Participants
« Reply #110 on: January 23, 2018, 11:06:27 AM »
I can hardly believe how much my TSP has gone up in the last year (almost $200,000). $840,000 now, and 100% C,S and I. But it certainly has a bit of an easy come easy go feeling right now. I'm hoping to not touch it for at least 10 years or so, and I'm staying put on my allocation.

No real regrets about being 60/40 the past 4-5 years or so (being currently just over a year out from retirement), but for sure I do wonder what my $745,000 account might've looked like had I still been as aggressive as you over that period! I'm more or less in the Wade Pfau camp w/r/t preserving wealth as one nears retirement, then using an increasing glide path during retirement.