MIL Any Thrift Savings Plan users?

Discussion in 'On Topic' started by bloodred83, Jan 29, 2007.

  1. bloodred83

    bloodred83 im in ur cost gard, savin' ur boatz

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    How long have you been a member and what's your total up to now?

    I've been doing it for about 3 years now and it's up to $8k. It's amazing how it add's up over time and it's hardly noticable when it's automatically deducted from my pay.
     
  2. origin unknown

    origin unknown OT Supporter

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    what percentages are you doing?
     
  3. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Very light user...just upped the contributions though...not my primary investment tool...amounts to about 5% of my portfolio.
     
  4. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    10% in S and I funds.
     
  5. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Yeah...I'd been sitting @ 4% total contributions all into S...2yrs = $4800. Starting next month I popped up to 6% and split 50/50 between S&I. We'll see how that pans out.
     
  6. bloodred83

    bloodred83 im in ur cost gard, savin' ur boatz

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    I contribute 10% and it's split between the G and S funds.
     
  7. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    I did really well with I Fund last year. I earned $250 each quarter, which I consider pretty good with my small 10% investment.
     
  8. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Nope. No need to use it...you have a pension...a 50% pension that is enough to act as your stability...throw it all in the two riskiest because your pension is your stability...your rock.
     
  9. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    winnar!
     
  10. bloodred83

    bloodred83 im in ur cost gard, savin' ur boatz

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    Well to be honest it was the most stable and I really didn't know much about stocks when I first signed up. As Turbo mentioned, you shouldn't be too worried with risk in your TSP, so I'll probably re-evaluate my funds and figure out a better way to split it in the near future.
     
  11. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    I disagree...lolz
     
  12. JSin

    JSin New Member

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    10%
    60/40 split in S/L2040
     
  13. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    with the tsp you put your money in hundreds of baskets. it isn't one stock, it is a diversification of stocks among many countries.

    finance major ftw lolz

    edit: http://tsp.gov/rates/fundsheet-ifund.pdf
    If you want more diversification, take your money, shred it, then ride down the interstate, and throw fist fulls out the window.
     
    Last edited: Jan 30, 2007
  14. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    That's a pretty nifty animation they have on there. I never noticed that before. I understand your point completely. My situation is unique and I'm making a concious (spelling?) decision based on other factors. I'm not a fan of the L funds whether through TSP or other sources because I'm confident that I don't need to exercise restraint as I get older.
     
  15. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    It depends on each persons situation, I know I will retire from the military. If I don't, then I'm still not badly off. I just know that I am far from 59.5 years old, so I want to make that money grow quickly while I can absorb the risk.
     
  16. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Anyhow...I've got enough diversification...

    CWGIX 219.169

    AEPGX 477.878

    AMECX 426.755

    AIVSX 339.859

    ANWPX 552.807

    SMCWX 269.886

    TEDMX 108.298

    TEPLX 798.972

    Throw in $4800 of S-Fund and that I've got 31 more years of working...I should be okay with a Military Pension and Social Security thrown in on top. :o
     
  17. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    if the value of the stock decreases, then even better. I can buy more!
     
  18. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    On popular news media innefectual rhetoric? :bowdown:
     
  19. MumblingJoe169

    MumblingJoe169 New Member

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    Thrift Savings Plan? Where do you guys do this through?
     
  20. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Mypay?
     
  21. NisAznMonk

    NisAznMonk New Member

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    Wow. I need to check out mypay and do this. Is it hard to pick out the right way to use your money?
     
  22. bloodred83

    bloodred83 im in ur cost gard, savin' ur boatz

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    For the Coast Guard we change our contribution % in Direct Access, but we can change our actual stock % splits at tsp.gov
     
  23. MrRyan

    MrRyan Gary Johnson 2016 OT Supporter

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    Not at all...if you don't know what you want already...follow the advice already in this thread and pick the year you want to retire...(2040?) and select that "L Fund" (L stands for Lifetime) for your contributions.

    It's a 2 step process...go to mypay to start your elctions...(Start with 2% of base pay...then work your way up to 10% pay as you feel comfortable) then go to www.tsp.gov so that you can direct where your contributions go.
     
  24. NisAznMonk

    NisAznMonk New Member

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    Crapola. I just went to MyPay and did 10% all the way down. I guess that means they'll take out 10% of my base pay and contribute it into some sort of fund?
     
  25. NisAznMonk

    NisAznMonk New Member

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    Well I just printed out the TSP-U-1 form but it looks like the same information as the stuff on MyPay. According to the form it says my contributions will be invested in the Government Securities Investment (G) Fund until I specify otherwise. So does that mean I can move everything I've earned from the G fund into any other fund I choose?

    How long did it take for you to get your TSP PIN number by mail?

    Sorry I'm obviously a TSP noob :(
     

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