@@karenulvang5375I’m halfway there and I have 12 more years to go before I’m 62. Right now I’m 70% C 20% S and 10% I. For 10 years I was 50% C and 50% S. I’ve been in the TSP for 13 years.
I do 50% in C fund and 50% in S fund but I’m thinking I’m going to try Dave Ramseys 60% in C fund and 20% in S fund and 20% in I fund. I’m 30 and have been investing in tsp since 2019. I really hope i hit a million by retirement.
C fund is averaging 10% returns over time. There are down years at times but average higher over time. Rebounds so far take 2-3 years. S fund was 8% average over time. Short term these fund can wreck you IF you can’t stay for 3 years minimum
I heard him say get in the C and S fund. These are high risk funds with high returns that I'm in. After the divorces, court and child support I needed to devise a plan. I have one and it's working.
When I started with the federal government nearly 24 years ago, the advice we got from HR is go 50%C and 50G. I did that for about six years until a friend said to get out of the G fund. I retired three years and now have a little over $500,000 in my TSP. It can be better but it’s not too bad.
Hi Im not yet for retirement, but would love to know what is your advice for those of us who have Fed Stdent Loans (Loan Forgiveness after 10 yrs) and TSP? Do you have any videos on this? What would you recommend we can do, in order to “pay less” until “debt is forgiven” after 10yrs of service Will greatly appreciate your reply on this one.
Does anyone know in 2024 with the new SECURE 2.0 Act that Congress passed will the TSP allow for matching contributions into the Roth portion of the TSP ?
@@yshouldifoogle6724No the Secure 2.0 Act changed that. The matching funds will now be eligible to go into the Roth Tsp. The question is when will the Feds adopt the change.
QUESTION: I am 60 years old, 40 years of service, still working. While working, can I direct roll over some of my tradtional TSP to an external IRA and then back door it to a roth?
A colleague recommended at least 20% if one can as to lower your income which will mean less tax liability, the more you show for income the tax man will take a bigger chunk, best wishes out there fellow federal employees!
Great question. Here is a great video about that: th-cam.com/video/IBiFJrnCH3o/w-d-xo.html&pp=ygUuaGF3cyBmZWRlcmFsIGFkdmlzb3JzIHRzcCBtYXhpbXVtIGNvbnRyaWJ1dGlvbg%3D%3D
Great question. We would love to sit down with you (through zoom) to talk about potential solutions/ideas. Feel free to schedule a meeting with us through this link: app.hawsfederaladvisors.com/work-with-us
Hello, I am a brand new Federal Employee. I thought it was only worth contributing 5% to your TSP because my employer only contributes 5% I’m a little confused. Any insight would be greatly appreciated. Thanks!
No worries. We get this question a lot. If you would like to contribute more than 5% into the TSP, you certainly can. The limit each year is $23,000 (for people under 50 years of age). But, doing at least the 5% to get the employer match is a good idea. If you would like a more in depth explanation, feel free to check out this article: hawsfederaladvisors.com/the-ultimate-guide-to-your-tsp-for-fers/
I am military retiree and a Federal employee. Can I deduct my TSP Traditional Contributions in my Federal Income Taxes or it is already considered in my W-2?
That's a great question. Consider viewing our article on this: hawsfederaladvisors.com/tsp-returns/ Basically, if you're far from retiring, you want to be more aggressive with your funds (C,S,I). If you're about to retire, you can consider putting a portion of your money in the more conservative funds (G,F).
C Fund over the long term has outperformed the other funds. There will be ups and downs as the market fluctuates, but just keep contributing and it will grow over time. Also, don’t try to ‘time the market’ and move money to a different fund.
Cousin Joe, everybody’s situation is different. If you are 23 and just starting your career and can stand the ups and downs of the market, then 100% in the C Fund (11.03% average per year since inception). If you are starting with the government late, say 50, and you will need every penny at retirement and cannot stand when the market goes down, then a mix of C and F (5.3%), but the mix is up to you. The G has returned 5.3% and the S has returned 9.23% and the I has returned 5.26%. Whatever you do, ABSOLUTELY contribute enough from your paycheck to get the matching from the government. When I was in my 20s, I was saving for a house and so only did the match. After I got the house then I up it with every promotion and COLA til I had full natch. I started in 1985 with a salary of $22K and retired in 2015 at 55 and had $1.2 million. I was adverse to stock the first handful of years because my father, who was an engineer, had lived through the depression and had zero stocks and considered it gambling. After someone set me straight, I put 100% in the C Fund and never tried to time the market by anticipating a downturn and moving it to the F fund or the reverse in anticipation of a great year for the stock market and moving it to the C. Trying to time things almost always results in lower long term returns. If you are EARLY in your career, the other funds are a drag on your portfolio and you will miss out on the great long term gains of the S&P 500, but you have to be able to stomach the big corrections in the C. Remember, you don’t lose any money if you don’t move it out of the fund and current contributions are getting more stock at a lower price. I gave this same advice to new hires throughout my career and have spoken to some after I retired and they say they would never have been able to retire if they hadn’t followed my advice. Best of Luck and feel free to reach out to me if you have other questions.
Ok I know not to put my tsp all in the g fund and it seems 85% was put in L fund 2025 but I won't retire in 2025 more likely 2030 so should I move most of my money into L 2030? And would I or should I move a little money into something more aggressive?
Great question. A common split between aggressive and conservative funds when approaching retirement is 60/40. But, that could vary depending on your goals. Here is another great video that can help: th-cam.com/video/-m87vaPtQ88/w-d-xo.html&ab_channel=HawsFederalAdvisors
Yes, we have an email for general information here: service@hawsfinancialplanning.com If you would like a one-on-one meeting, feel free to schedule a meeting here: app.hawsfederaladvisors.com/whatservicemakessense
I put 100% in C and over 20 years I got over one millions. That is true.
Wow
Yeah, watched it go up too. Lost some, but it comes back.
Now I am retired and can draw off the gains
Great to hear!
@@karenulvang5375I’m halfway there and I have 12 more years to go before I’m 62. Right now I’m 70% C 20% S and 10% I. For 10 years I was 50% C and 50% S. I’ve been in the TSP for 13 years.
I do 50% in C fund and 50% in S fund but I’m thinking I’m going to try Dave Ramseys 60% in C fund and 20% in S fund and 20% in I fund. I’m 30 and have been investing in tsp since 2019. I really hope i hit a million by retirement.
C fund is averaging 10% returns over time. There are down years at times but average higher over time. Rebounds so far take 2-3 years. S fund was 8% average over time. Short term these fund can wreck you IF you can’t stay for 3 years minimum
I heard him say get in the C and S fund. These are high risk funds with high returns that I'm in. After the divorces, court and child support I needed to devise a plan. I have one and it's working.
We're sorry to hear about the life difficulties. But, it's great to hear that you found a financial strategy that works great for you.
Thank you for the valuable information 🙏🏾
You're so welcome!
Awesome video as always! It definitely helps when you're surrounded by folks who want to invest as well!
Thank you very much!
What's wrong with eating rice and beans? That is my favorite meal.
Yum!
Me too, with tortillas. I'm serious.
Thank you Sir for all I do for us.....
No problem! We're glad it helps.
When I started with the federal government nearly 24 years ago, the advice we got from HR is go 50%C and 50G. I did that for about six years until a friend said to get out of the G fund. I retired three years and now have a little over $500,000 in my TSP. It can be better but it’s not too bad.
What I do is every COLA increase, I increase my TSP contribution. Also for step increases.
Is it too late to do it as a spousal beneficiary?
Are saying that should go what match . I thought if go over the match I should get ira
Where is close caption?
Not sure if you have covered this, but in the TSP, how are the dividends accounted for? have not seen in statements how that is calculated.
TSP dividends are reflected as an increased share price of TSP funds.
You are always so encouraging. Truly appreciate your focus on the federal employee...we truly are a unique segment. ❣
Thank you so much!
Would it make sense to wait to move savings to the C-fund after a market crash?
Here's a great video about that:
th-cam.com/video/18cl-OmbhiU/w-d-xo.html&ab_channel=HawsFederalAdvisors
Hi Im not yet for retirement, but would love to know what is your advice for those of us who have Fed Stdent Loans (Loan Forgiveness after 10 yrs) and TSP? Do you have any videos on this? What would you recommend we can do, in order to “pay less” until “debt is forgiven” after 10yrs of service
Will greatly appreciate your reply on this one.
He may give you a different answer, but I maxed out my traditional TSP to lower my AGI for my income based plan.
Yes, hopefully this video can help:
th-cam.com/video/TtAywT2fBdw/w-d-xo.html&ab_channel=HawsFederalAdvisors
Can one just hold L2065 and become wealthy?
Does anyone know in 2024 with the new SECURE 2.0 Act that Congress passed will the TSP allow for matching contributions into the Roth portion of the TSP ?
No, the employer matches always go into traditional. They will match the Roth with traditional if Roth is your only contribution.
@@yshouldifoogle6724 changes should be coming! Go read the Secure Act 2.0 Section 604
@@yshouldifoogle6724No the Secure 2.0 Act changed that. The matching funds will now be eligible to go into the Roth Tsp. The question is when will the Feds adopt the change.
The secure act 2.0 allows the employer match to go the Roth side but they haven't added it yet to the tsp.
QUESTION: I am 60 years old, 40 years of service, still working. While working, can I direct roll over some of my tradtional TSP to an external IRA and then back door it to a roth?
My co worker is 1 year away from retiring and moved all TSP to investment with Chase bank and Vanguard.
No, not in the TSP. You can roll it out of the TSP into a IRA and do it outside of the TSP.
@@patricksimon8943 If you are over 59.5 I think you can move it out of the TSP into an external IRA.
@@christalisaias7236 So he must be older than 59.5, right? And he is still collecting a paycheck as a fers employee?
Sorry people are so rude here to you. I totally got all of what you said. Thanks😊
I appreciate that! Thank you!
@@PlanYourFederalBenefits Welcome!! 👍
i am saving over 37%
Which funds are they in?
A colleague recommended at least 20% if one can as to lower your income which will mean less tax liability, the more you show for income the tax man will take a bigger chunk, best wishes out there fellow federal employees!
What is the max for traditional TSP Ira?
Great question. Here is a great video about that:
th-cam.com/video/IBiFJrnCH3o/w-d-xo.html&pp=ygUuaGF3cyBmZWRlcmFsIGFkdmlzb3JzIHRzcCBtYXhpbXVtIGNvbnRyaWJ1dGlvbg%3D%3D
Invest what IRS allows
2 child support cases completed and a couple years from retirement- any ideas?
Great question. We would love to sit down with you (through zoom) to talk about potential solutions/ideas. Feel free to schedule a meeting with us through this link:
app.hawsfederaladvisors.com/work-with-us
Hello, I am a brand new Federal Employee. I thought it was only worth contributing 5% to your TSP because my employer only contributes 5%
I’m a little confused. Any insight would be greatly appreciated. Thanks!
No worries. We get this question a lot. If you would like to contribute more than 5% into the TSP, you certainly can. The limit each year is $23,000 (for people under 50 years of age). But, doing at least the 5% to get the employer match is a good idea. If you would like a more in depth explanation, feel free to check out this article:
hawsfederaladvisors.com/the-ultimate-guide-to-your-tsp-for-fers/
@@PlanYourFederalBenefits Thank you for providing the article. I will definitely check it out. Much appreciated!
I am military retiree and a Federal employee. Can I deduct my TSP Traditional Contributions in my Federal Income Taxes or it is already considered in my W-2?
Already on W2. Retired fed 35 years service
What kind of beans and rice are we talking about?
Pinto beans and long grain brown rice.
What fund do i pick!!!!!!! I need to know the answer
C fund
That's a great question. Consider viewing our article on this: hawsfederaladvisors.com/tsp-returns/
Basically, if you're far from retiring, you want to be more aggressive with your funds (C,S,I). If you're about to retire, you can consider putting a portion of your money in the more conservative funds (G,F).
C Fund over the long term has outperformed the other funds. There will be ups and downs as the market fluctuates, but just keep contributing and it will grow over time. Also, don’t try to ‘time the market’ and move money to a different fund.
You can diversify. Put some in the C, some in S, some into the G. When you get closer to retirement, consider putting The rest into an LS fund.
Cousin Joe, everybody’s situation is different. If you are 23 and just starting your career and can stand the ups and downs of the market, then 100% in the C Fund (11.03% average per year since inception). If you are starting with the government late, say 50, and you will need every penny at retirement and cannot stand when the market goes down, then a mix of C and F (5.3%), but the mix is up to you. The G has returned 5.3% and the S has returned 9.23% and the I has returned 5.26%. Whatever you do, ABSOLUTELY contribute enough from your paycheck to get the matching from the government. When I was in my 20s, I was saving for a house and so only did the match. After I got the house then I up it with every promotion and COLA til I had full natch. I started in 1985 with a salary of $22K and retired in 2015 at 55 and had $1.2 million. I was adverse to stock the first handful of years because my father, who was an engineer, had lived through the depression and had zero stocks and considered it gambling. After someone set me straight, I put 100% in the C Fund and never tried to time the market by anticipating a downturn and moving it to the F fund or the reverse in anticipation of a great year for the stock market and moving it to the C. Trying to time things almost always results in lower long term returns. If you are EARLY in your career, the other funds are a drag on your portfolio and you will miss out on the great long term gains of the S&P 500, but you have to be able to stomach the big corrections in the C. Remember, you don’t lose any money if you don’t move it out of the fund and current contributions are getting more stock at a lower price. I gave this same advice to new hires throughout my career and have spoken to some after I retired and they say they would never have been able to retire if they hadn’t followed my advice. Best of Luck and feel free to reach out to me if you have other questions.
4 months out
Ok I know not to put my tsp all in the g fund and it seems 85% was put in L fund 2025 but I won't retire in 2025 more likely 2030 so should I move most of my money into L 2030? And would I or should I move a little money into something more aggressive?
Great question. A common split between aggressive and conservative funds when approaching retirement is 60/40. But, that could vary depending on your goals. Here is another great video that can help:
th-cam.com/video/-m87vaPtQ88/w-d-xo.html&ab_channel=HawsFederalAdvisors
You guys it’s a simple mistake be forreal lol it’s still good information
You are AWESOME ! Do you have a email I have a couple questions about my tsp
Yes, we have an email for general information here: service@hawsfinancialplanning.com
If you would like a one-on-one meeting, feel free to schedule a meeting here: app.hawsfederaladvisors.com/whatservicemakessense