Warren Buffett - "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
I've got another 20 years...at least before the big R so I'm not sure that $2 mil will mean that much then. Of course, with TSPCalc's strats maybe we'll all get there faster?bloobs wrote:Below is what comes to mind when I read "$2 Millionnaire"
Personally I'm stoked for the mutual fund window, but the TSP tends to disappoint me, so we'll see.
Year-in & year-out, even in DOWN YEARS, the leaders in this Fantasy Wen Site outperform the markets, with the Top 10 consistently earning 20-30% (or more). Why I’m not one of them, might be a deeper Psychological Study (on my part)...Bubba wrote:...but the TSP tends to disappoint me, so we'll see.bloobs wrote:Below is what comes to mind when I read "$2 Millionnaire"
Best of Luck (everyone) in all you choose to endeavor!!!
I wasn't sure if he was saying that 2% of TSP members are at $1M or more and 2% of the 75,000 that are millionaires got it solely as government employees. The reason I question it is that several years ago there was an article that said that the highest TSP balances were from people who moved fat 401K's into the TSP and that the top of that group were political appointees and wealthy lawyers who became judges. So many of the current millionaires are 401K transfers. But if somebody put in close to the max since 1991 and stayed relatively aggressive they should be over $1M also.haywoodkb wrote:There is an OPM report with similar figures. Only about 2% of total TSP participants have reached the million dollar level. The TSP has approximately 5.9 million participants, both active and retired. The participation rate is 88.5%, although 40% are only investing in the G fund. The largest individual TSP account balance is about $8.8 million.
Pending AllocationsUnder development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".
What else"Don't ever half-ass two things. Whole-ass one thing."
- Ron Swanson