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Post by epic0ego on Nov 20, 2013 12:22:44 GMT -5
thanks, Bartleby, et. al. for this excellent advice. I also did the military time buy-back and maxed out on matching funds for the TSP. The other issue that can make a big difference is the choice of investments for your "C" fund (stocks), "G" fund (gov't securities), or a host of other investment choices. The standard advice is to "buy low and sell high." Of course, it is all about the timing and often requires good investment advice or knowledge of the securities markets in order to do well over the long haul. The C fund is returning high yields at the present time, but could change in an instant. Most people maintain a diverse portfolio or "mix" to help shield against sudden swings in the market. best of luck to you!
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Post by zebra51 on Nov 20, 2013 12:40:28 GMT -5
If you happen to be one of those folks that like to move there 401K around to try to maximize return there is a good web site that follows TSP and managing your account. www.tsptalk.com/
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Post by trekker on Nov 20, 2013 14:08:42 GMT -5
I would like to add that Social Security was always supposed to be one of the "three legs" for retirement: a pension, savings and Social Security. Unfortunately for the vast majority of Americans today, the private pension is gone (so any of us who has access to that be it private/gov't/military are among an increasingly small number). Too many will only have Social Security to rely on for their retirement (and many already only have that). I am not making a political statement on this issue but rather want to point out the historical background of Title II benefits. I am lucky to have access to a military pension benefit (through my spouse and our election of the SBP when he retired -- put that public benefits training to good use), our retirement savings, and at least one high Title II payment (and I hope a second one). Take Bartleby's advice.
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