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Dallen Haws at Haws Financial Planning
Sierra Vista, AZ
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Hello! I am currently 18 years old and I joined the army national guard. Right now my TSP is set up to 75% c fund and 25% s fund. However I since I am in the guard component, i will not be able to contribute much money since my paychecks will only come from 1 weekend a month. Is there a way I can deposit money into the TSP straight from my bank account? Or do you recommend me opening up an account with vanguard or others like that, so whenever my contract is over I can just roll it over. Please help
What about for someone who just retired? What's a good strategy to grow your money without much risk in retirement? L cycle fund?
Does this advice still stand for the current market and where it looks to be going?
I'm 57 y/o, have $254,000 in my TSP, and just put all of it in the G fund. Had it in the L2030 fund for a long time, but I'm too nervous about the stock market right now.
How about this strategy? Set contributions to 100% C fund. Allocate 75% C fund and 25% G fund. If the S&P 500 enters correction territory (down 10%) transfer from the G fund to !00% C fund. This buys C fund shares at a bargain price. If the S&P hits an all time high, wait 1 month (to ride the high a bit) then go back to the 75/25 (locking in some gains). I am in the C fund 100% right now with the market in correction territory, and I will wait it out but regret not having some G fund to buy more C fund.
Really love this video. Best advice I have ever had. I jhad moved my funds to G from C and S, as I was worried about Market- will just let it ride.
Thanks for your videos they are great. So, lets say I use the cash bucket and have 3 to 5 years of cash in the G fund. If I need some cash can I withdraw it just from the G fund or will it come out of all the funds I am invested in?
What is the best way to withdraw from TSP?
Can't wee simply move money from the L to the G or all of the money to the G and then we don't have to worry about what account the money is coming out of?
I have a ? I retire Dec 31st 31 and a half years plus 13 years 10 months from usmc. Sold house and paid that off and 2nd mortage. If I don't need anything from tsp is it good to stay where I'm invested . Can I put money in tsp and how much in a Roth ira
Great advice on the 2 bucket strategy. But as I read you can’t withdraw a certain % from a particular fund. TSP divides out your withdrawal proportional to your existing account balances.
For example: $100k balance and you have 2 funds C and G. You withdraw $10k TSP takes $5 k from G and $5k from C.
This defeats the purpose of the 2 bucket method. TSP needs to change the withdrawal method based on the account you want to withdraw from. I should be able to just pull the 10 K in this example from the G fund and leave the C fund alone.
Great advice
So in addition to maxing out TSP, I'm supposed to have 3-5 years of annual income in a savings account? I agree with what you are saying, but saving an additional 300K in a savings account seems like a loss over time and that money is not working for you. Or did I misunderstand what you were saying?
I'm a big believer in TSP and diversification (L funds), but you lost me with this particular video. First, my house and my TSP account are an apples-and-oranges comparison. I can live in my house, I can pay it off, and the title will have a lien until I do pay it off. My shares in TSP are bought incrementally and, once bought, are mine (fluctuations and all). Second, since Zillow came along, the idea that volatility in housing prices is invisible to homeowners seems quaint.
I enjoy your videos. Your website is not very informative. Who are you? How are you qualified?
Another great video and excellent analogy about home value and TSP value
Any chance you can talk about non-TSP accounts that can work for other savings (emergency fund, down payments, etc)?
Thank you.
Correct me if I'm wrong but my current understanding of TSP withdrawal rules is that can't specify from which bucket of funds you want to withdraw. For example, if you had $100K in the G Fund as your cash reserves and $900K in the C Fund for your growth bucket and you wanted to withdraw $10K, TSP would take $1K from the G Fund and $9K from the C Fund. You can manually rebalance your account but something to consider if you want to implement this withdrawal strategy.
I get a question. Is the current market bubble and overpriced? If it is and it goes down to its real value, do we lose the money for good?
Awesome information, thanks!
Funds as baseball hitters:
G fund hitter. He can only bunt the ball 1 foot in front of home plate. But guarantee that bunt 100% of the time.
C fund hitter. He can hit the ball fairly consistently over time with an occasional home run.
S fund hitter. Sometimes he strikes out. but has the highest percentage of home runs on the team.
Well that's how I call it.