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Return to Article: June is a slow month for TSP

• 82623
  

  Thanx Tip Off !! I retired in 2008 but I'll NEVER quit learning and changing opinions as requited (I was once a Republican !! Geez, what a mistake !!) So, thanx. I'll read it and see what the person has to say. thanx again, Big Jake (retired 2008)

  Big Jake Posted July 15, 2009 5:07 PM
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  Hey, Jake, while many of the tenants Ms. Orman expounds are proven and merely repetitions of others' microeconomic policies which I DO agree and adhere to; I thought you might be interested in reading "Bad advice from Suze Orman" by Liz Pulliam Weston at MS Money.

  "TSP: a tool only as good as its owner and the cycle of the market."

  Tip off Posted July 15, 2009 1:01 PM
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  July is here ! Even MORE will be poured into my TSP acct. I'm retired and don't even use it yet !! Save your money in the TSP ALONG WITH other investment. Remember, "pay yourself first"...all the other bills and expenses no matter...but, you may need to down size your life. Watch Suze Orman on PBS for how to do things correctly !!

  Big Jake (retired 2008 with plenty !)

  Big Jake Posted July 14, 2009 12:57 PM
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  After 2 years of holding my funds in G I finally moved them back into I in May. My original buy in was at $188K. Since then I've seen my account go as high as $207K only to recede again down to $189K. It's been a rollercoaster ride but I think it will continue to gain back the 35% it lost last year.

  Larry E Null Posted July 9, 2009 12:10 PM
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  "I don't even need it" "TSP FOREVER!!" Yep, that's a fact! IF the TSP is merely a savings tool, it's not bad at all; hence the attraction for the CSRS employee. The problem comes when you must depend on it for your retirement; hence the trepidation felt by the FERS employee.

  The often mentioned possible 5% government contribution is negligible when faced with the 20% (shown above) - 50% plus losses (experienced by some not-so-knowledgeable employees). Some folks have had to extend their retirements JUST to recover their funds to a breakeven point of contributions to withdrawal values.

  Tsunami market vacillations are a real killer when searching for dependable income. It may all be a matter of timing but if you aren't on the crest of the wave when you retire... That shark in the wave just might bite you in the derriere.

  Tip off Posted July 8, 2009 12:00 PM
• 82001
  

  "I don't even need it", yep, IF the TSP is merely a savings tool it's not bad at all; hence the attraction for the CSRS employee. The problem comes when you must depend on it for your retirement; hence the trepidation felt by the FERS employee.

  The often mentioned possible 5% government contribution is negligible when faced with 20% - 50% (plus) losses. Some folks have had to extend their retirements JUST to recover their funds to a breakeven point of contributions to withdrawal values.

  Tsunami market vacillations are a real killer when searching for dependable income. It may all be a matter of timing but if you aren't on the crest of the wave when you retire... The shark in the wave just might bite you in the derriere.

  Tip off Posted July 7, 2009 4:11 PM
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  I wish I could have invested more for retirement but had other obligations at the time. However, still satisfied with the returns and encourage all of you to do same!

  bill p Posted July 6, 2009 2:19 PM
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  Yea for the TSP ! It dumped more coins into my account again today ! The coins are a rollin' in, slowly, but IN none-the-less. Geez, I don't even need it either !!

  Sing together..."TSP FOREVER !!"

  Big Jake (retired 2008)

  Big Jake Posted July 1, 2009 8:12 PM