One of the guys in a different thread mentioned being curious as to how he compares with others in his same age, rank, years to retirement bracket. Are we behind our counterparts? Are ahead?
I'll admit I too am very curious because for most of my early career I didn't pay attention to TSP too much as I really didn't have much to put in.
And I think we can all start by saying we're hopefully adult enough that we're not looking for a big D contest here, but rather actual comparisons to see where we are for ourselves.
So I'll start....
Age: 41 GS salary level: 14/04 LEO, (15/06 Regular Equivalent) Current TSP balance: 198,369.11 Number of Years until PLANNED retirement: 9 until eligible, 16 mandatory (dunno when I'll go quite honestly )
I do get the Social Sec kicker at 50 as well as now the eligibility to withdraw from TSP at 50 with no penalty.
Most of my early career was at a much lower GS scale and I didn't put much in at all, and really didn't think too long and hard about it as we were just trying to make it as a young family. My wife and I both now max contribute and hope it will be enough when it's all said and done.
The bankrate chart puts me somewhere around 700k at 52 years old if I can average 7%.
My youngest child will only be a sophomore in HS when I'm 1st eligible, so I don't know what I'll do. I may wait for her to graduate.
_________________ Those who 'abjure' violence can do so only because others are committing violence on their behalf.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
TSP Center is not a Registered Investment Advisor TTSP Center is dedicated to providing information on the Thrift Savings Plan. It is designed to be a location where Thrift Savings Plan participants can meet to discuss the TSP and strategies for maximizing TSP returns. All information on this site is provided for informational purposes only and without guarantee. In other words, TSP Center assumes no liability for its use. TSP Center is not affiliated with the United States Government, the Thrift Savings Plan or www.tsp.gov. FantasyTSP™ is a registered trademark of Hostspring Technologies, LLC.