Sarah,
I would like to thank you for the time that you take to provide your financial insight. I joined the group several years ago while doing a search online for advice on the TSP. My luck could not have been better with you and your colleagues whom have provided advice which has amounted in substantial increases to my savings. Your advice the other day to move onto the I fund, provided a quick $10,000!
Once again, I cannot thank you enough for your advice. You are truly a remarkable and outstanding person!
Benjamin
On Tuesday, January 2, 2018, 10:20:27 PM EST, <TSP_Strategy@yahoogroups.com> wrote:
7 Messages
Digest #5237
Messages
Tue Jan 2, 2018 9:42 am (PST) . Posted by:
sarah_oz
Paying yourself first pays off
By Mike Causey @mcauseyWFED https://twitter.com/mcauseyWFED
January 2, 2018 6:00 am
Nearly 20,000 federal and postal workers now have Thrift Savings Plan accounts worth $1 million or more. The vast majority did it the hard way: By regularly investing in the stock indexed C and S funds—during good times and the Great Recession—and getting the value of compounding. It's not an overnight process. The average TSP millionaire has been at it for 29 years. The government 5 percent match was a tremendous help, but the main thing—as today's guest columnist Abraham Grungold says, is to pay yourself first. Here's what a self-made millionaire says about the process:
"My career started in 1985 as a GS-9. It took me 20 years to reach the level of a GS-14.
All along the way I always paid myself first and it has certainly paid off... In 1987, I started contributing to the TSP — 15 percent of my salary in the catch-up program. I have always kept an aggressive investment approach primarily in the C and S Funds. When the market fell, I never took my foot off the accelerator. During my first 12 years of federal service, I realized paying myself first was causing me to fall short in paying my monthly expenses. During these years, I worked an additional part-time job outside of federal service. Long before my federal career, I always paid myself first by contributing to a personal IRA with Fidelity Investments. When TSP loans were allowed, I made several TSP loans over the years to finance my primary residence and my investment properties. Although financial experts advise against borrowing from your TSP, I did it because I was paying myself back and it was equivalent to the G-Fund. My strategy was that it is better to pay myself back the interest rather than paying it to a financial institution.
In November, I reached my 32nd year as a FERS employee and I have achieved all my financial goals. I am living debt free. My TSP and my personal IRA have reached levels that I could have never imagined. I am now 100 percent in the G Fund because I have reached my TSP goal and I do not need any more risk. I continue to invest my personal IRA in 100 percent equity mutual funds.
Many readers are thinking "how is this all possible? This guy must have a rich wife, and certainly cannot be doing anything for fun outside of work." Actually, my wife is not rich but her IRAs are doing very well. During our 18 years of marriage, I have always made sure she has been paying herself first. As for fun, my hobbies are golf and traveling. So far, I have traveled to 39/50 states and to many countries outside the US.
In addition to paying myself first, I have always lived on a budget, never spending more than I had in my bank account and never buying more of a house than I could afford. Living on a budget and monitoring your expenses is the biggest factor that many people do not consider. Reviewing your expenses and checking that you are getting the best price for insurance, cable and phone service was the easiest way to pay yourself first.
Now retirement is constantly on my mind. Once our teenage daughter graduates from high school, retirement will be a serious consideration. Lastly, I have been working on paying myself first in retirement. Recently, I have been developing my retirement job as a Financial Coach and focusing on educating and assisting FERS employees. I am promoting myself on LinkedIn, Yelp and on my Facebook page ("FERS Federal Employees").
Financial Success can easily be achieved, it only takes a little effort to Pay Yourself First."
By Mike Causey @mcauseyWFED https://twitter.com/mcauseyWFED
January 2, 2018 6:00 am
Nearly 20,000 federal and postal workers now have Thrift Savings Plan accounts worth $1 million or more. The vast majority did it the hard way: By regularly investing in the stock indexed C and S funds—during good times and the Great Recession—and getting the value of compounding. It's not an overnight process. The average TSP millionaire has been at it for 29 years. The government 5 percent match was a tremendous help, but the main thing—as today's guest columnist Abraham Grungold says, is to pay yourself first. Here's what a self-made millionaire says about the process:
"My career started in 1985 as a GS-9. It took me 20 years to reach the level of a GS-14.
All along the way I always paid myself first and it has certainly paid off... In 1987, I started contributing to the TSP — 15 percent of my salary in the catch-up program. I have always kept an aggressive investment approach primarily in the C and S Funds. When the market fell, I never took my foot off the accelerator. During my first 12 years of federal service, I realized paying myself first was causing me to fall short in paying my monthly expenses. During these years, I worked an additional part-time job outside of federal service. Long before my federal career, I always paid myself first by contributing to a personal IRA with Fidelity Investments. When TSP loans were allowed, I made several TSP loans over the years to finance my primary residence and my investment properties. Although financial experts advise against borrowing from your TSP, I did it because I was paying myself back and it was equivalent to the G-Fund. My strategy was that it is better to pay myself back the interest rather than paying it to a financial institution.
In November, I reached my 32nd year as a FERS employee and I have achieved all my financial goals. I am living debt free. My TSP and my personal IRA have reached levels that I could have never imagined. I am now 100 percent in the G Fund because I have reached my TSP goal and I do not need any more risk. I continue to invest my personal IRA in 100 percent equity mutual funds.
Many readers are thinking "how is this all possible? This guy must have a rich wife, and certainly cannot be doing anything for fun outside of work." Actually, my wife is not rich but her IRAs are doing very well. During our 18 years of marriage, I have always made sure she has been paying herself first. As for fun, my hobbies are golf and traveling. So far, I have traveled to 39/50 states and to many countries outside the US.
In addition to paying myself first, I have always lived on a budget, never spending more than I had in my bank account and never buying more of a house than I could afford. Living on a budget and monitoring your expenses is the biggest factor that many people do not consider. Reviewing your expenses and checking that you are getting the best price for insurance, cable and phone service was the easiest way to pay yourself first.
Now retirement is constantly on my mind. Once our teenage daughter graduates from high school, retirement will be a serious consideration. Lastly, I have been working on paying myself first in retirement. Recently, I have been developing my retirement job as a Financial Coach and focusing on educating and assisting FERS employees. I am promoting myself on LinkedIn, Yelp and on my Facebook page ("FERS Federal Employees").
Financial Success can easily be achieved, it only takes a little effort to Pay Yourself First."
Tue Jan 2, 2018 10:48 am (PST) . Posted by:
elstaub
I appreciate the thoughts and advice from this group so I thought why not ask for opinions on what to do with my 2018 IRA. Usually I just throw it into a Vanguard or T. Rowe Roth targeted ret. date fund but for some reason I'm hesitating this year. Maybe I'm trying to time the market?
The options bouncing around in my head are either:
1. Standard push into a Roth 2035 or 2040 fund. (T. Rowe actively managed, Vanguard index IIRC)
2. Put it on the sidelines in a Roth designated money market or some other safe bet with the expectation that something will sour withe the economy and magically I'll know when to pounce and then buy something. I have poor instinct on markets and such so I would probably be reading here and elsewhere for the clues on when to take action.
Anything else you'd consider doing?
Secondly, should I fund this with bank acct or by selling mutual funds and taking a tax hit.
Thanks so much for your thoughts, and FYI the earliest I would retire is 2030.
The options bouncing around in my head are either:
1. Standard push into a Roth 2035 or 2040 fund. (T. Rowe actively managed, Vanguard index IIRC)
2. Put it on the sidelines in a Roth designated money market or some other safe bet with the expectation that something will sour withe the economy and magically I'll know when to pounce and then buy something. I have poor instinct on markets and such so I would probably be reading here and elsewhere for the clues on when to take action.
Anything else you'd consider doing?
Secondly, should I fund this with bank acct or by selling mutual funds and taking a tax hit.
Thanks so much for your thoughts, and FYI the earliest I would retire is 2030.
Tue Jan 2, 2018 11:01 am (PST) . Posted by:
sarah_oz
Since I'm leaning increasingly towards the I fund, I placed my IRA into a small cap MSCI international fund for the year.
Tue Jan 2, 2018 5:25 pm (PST) . Posted by:
sarah_oz
2017 Advisory Services Performance Final
TSP Wealth...... ......... ......... .......22. 4% (free)
TSP Coach....... ......... ......... ........18. 8% ($60/yr)
Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
TSP Key......... ......... ......... ......... .14.8% ($99/yr)
TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
Rev Shark....... ......... ......... ......... .11.8% ($199/yr)
TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
TSP Talk……………….……….8.2% ($179/yr)
TSP Strategy.... ......... ......... ........18. 2% (free)
We are still awaiting the results of the following:
TSP Pilot ............ ......... ......... .....NA
TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of 10/1/17)
TSP Wealth...... ......... ......... .......22. 4% (free)
TSP Coach....... ......... ......... ........18. 8% ($60/yr)
Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
TSP Key......... ......... ......... ......... .14.8% ($99/yr)
TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
Rev Shark....... ......... ......... ......... .11.8% ($199/yr)
TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
TSP Talk……………….……….8.2% ($179/yr)
TSP Strategy.... ......... ......... ........18. 2% (free)
We are still awaiting the results of the following:
TSP Pilot ............ ......... ......... .....NA
TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of 10/1/17)
Tue Jan 2, 2018 5:28 pm (PST) . Posted by:
"Steve" steveacarter@att.net
I cant thank you enough, Sarah. I would be lost without your wisdom and insight.
Sent from BlueMail
On Jan 2, 2018, 7:26 PM, at 7:26 PM, "sarah_oz@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:
>2017 Advisory Services Performance Final
>
>
> TSP Wealth...... ......... ......... .......22. 4% (free)
> TSP Coach....... ......... ......... ........18. 8% ($60/yr)
> Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
> TSP Key......... ......... ......... ......... .14.8% ($99/yr)
> TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
> Rev Shark....... ......... ......... ......... .11.8% ($199/yr)
> TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
> TSP Talk……………….……….8.2% ($179/yr)
>
> TSP Strategy.... ......... ......... ........18. 2% (free)
>
>
>
>
> We are still awaiting the results of the following:
>
>
> TSP Pilot ............ ......... ......... .....NA
>TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of
>10/1/17)
>
Sent from BlueMail
On Jan 2, 2018, 7:26 PM, at 7:26 PM, "sarah_oz@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:
>2017 Advisory Services Performance Final
>
>
> TSP Wealth...... ......... ......... .......22. 4% (free)
> TSP Coach....... ......... ......... ........18. 8% ($60/yr)
> Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
> TSP Key......... ......... ......... ......... .14.8% ($99/yr)
> TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
> Rev Shark....... ......... ......... ......... .11.8% ($199/yr)
> TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
> TSP Talk……………….……….8.2% ($179/yr)
>
> TSP Strategy.... ......... ......... ........18. 2% (free)
>
>
>
>
> We are still awaiting the results of the following:
>
>
> TSP Pilot ............ ......... ......... .....NA
>TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of
>10/1/17)
>
Tue Jan 2, 2018 5:48 pm (PST) . Posted by:
"B M" mythigh
What's tsp wealth vs tsp strategy performance over the years?
Sent from TypeApp<http://www.typeapp.com/r?b=11621>
On Jan 2, 2018, at 7:28 PM, "Steve steveacarter@att.net [TSP_Strategy]" <TSP_Strategy@yahoogroups.com<mailto:TSP_Strategy@yahoogroups.com>> wrote:
I cant thank you enough, Sarah. I would be lost without your wisdom and insight.
Sent from BlueMail <http://www.bluemail.me/r?b=11626>
On Jan 2, 2018, at 7:26 PM, "sarah_oz@yahoo.com [TSP_Strategy]" < TSP_Strategy@yahoogroups.com<mailto:TSP_Strategy@yahoogroups.com>> wrote:
2017 Advisory Services Performance Final
TSP Wealth...... ......... ......... .......22. 4% (free)
TSP Coach....... ......... ......... ........18. 8% ($60/yr)
Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
TSP Key......... ......... ......... ......... ..14.8% ($99/yr)
TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
Rev Shark....... ......... ......... ......... ..11.8% ($199/yr)
TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
TSP Talk……………….……….8.2% ($179/yr)
TSP Strategy.... ......... ......... ........18. 2% (free)
We are still awaiting the results of the following:
TSP Pilot ............ ......... ......... .....NA
TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of 10/1/17)
Sent from TypeApp<http://www.typeapp.com/r?b=11621>
On Jan 2, 2018, at 7:28 PM, "Steve steveacarter@att.net [TSP_Strategy]" <TSP_Strategy@yahoogroups.com<mailto:TSP_Strategy@yahoogroups.com>> wrote:
I cant thank you enough, Sarah. I would be lost without your wisdom and insight.
Sent from BlueMail <http://www.bluemail.me/r?b=11626>
On Jan 2, 2018, at 7:26 PM, "sarah_oz@yahoo.com [TSP_Strategy]" < TSP_Strategy@yahoogroups.com<mailto:TSP_Strategy@yahoogroups.com>> wrote:
2017 Advisory Services Performance Final
TSP Wealth...... ......... ......... .......22. 4% (free)
TSP Coach....... ......... ......... ........18. 8% ($60/yr)
Intrepid Timer....... ......... ......... ...16.5% ($300/yr)
TSP Key......... ......... ......... ......... ..14.8% ($99/yr)
TSP Folio....... ......... ......... ......... .12.5% ($149/yr)
Rev Shark....... ......... ......... ......... ..11.8% ($199/yr)
TSP Millionaire. ......... ......... .......10. 5% ($132/yr)
TSP Talk……………….……….8.2% ($179/yr)
TSP Strategy.... ......... ......... ........18. 2% (free)
We are still awaiting the results of the following:
TSP Pilot ............ ......... ......... .....NA
TSP Advisor..... ......... ......... ......... 5.1% ($120/yr) (as of 10/1/17)
Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
__._,_.___
Posted by: Ben Franco <bfranco01@yahoo.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic () |
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
.
__,_._,___
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