It is easy to more than double your TSP. You just need to make these 3 changes in your retirement account. The earlier you do it, the better!
1. Don’t time the market
2. Choose a Strategy – and Stick with It!
3. Invest the Maximum from Early on
I talk through the importance of each of these steps and why they will make you rich, a TSP millionaire, and more than double your TSP….(read more)
LEARN MORE ABOUT: Thrift Savings Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Hilarious coke n whiskey! Let’s goooooo!
I’m in the military for 4 years now and I’m 27 years old . I currently have 5% in Roth . What is the best option /fund to invest into ?
How lucky I was to be so oblivious that I forgot my TSP existed during March 2020 (peaked in Nov 2021). I've been max-contributing at nearly the same rate I've lost money (still about 2k under from Nov). Now the challenge is to consciously weather the storm…
So, let’s say I can afford 20%. Would it be better to put it all in TSP? Or would it be more beneficial to just do the 5% match and then put the other 15% into ETF’s or something like that?
What about those who are now retired?
Going into 3rd year with TSP now.
I’ve started contributing 20% of my income into half on C fund and half on S fund.
Now I’m thinking decrease my contribution for a while since I’m loosing my balance everyday.
It’s like I’m loosing more money than I contribute at this moment.
What would you recommend me to do?
With the complete disaster TSP has become since June 1st, I am getting out and putting into IRA with Schwab. I regret not doing this 2 months ago..
Will you have any videos on thoughts on switching from Traditional to Roth IRA? I have about 13 yrs with the service and was wondering should I consider the Roth option.
CAN YOU MAKE A VIDEO ON HOW TO COMP PROPERTIES AND FIND THE ARV TO COME UP WITH ACCURATE NUMBERS ! THANK YOU LOVE YOUR CONTENT KEEP IT COMING ! #RICHONMONEY
Pretty sweet deal for Obama…..dont forget the context…coming right out of the crash in 08……actually fairly disappointing numbers
What do you recommend Roth or tradicional ?
Interesting theory about the index funds.
The venerable Dave Ramsey claims that the S&P essentially is the market. Investing in the market you will never obviously outperform the market itself.
He claims that he simply ( Or not so simply) picks mutual funds which outperform the market and therefore very much recommends excellent mutual funds over any index funds.
Perhaps a blend of index and mutual funds is best/safe?
Thanks for putting this video together. Idk about this conventional strategy during these times. I would have my TSP fund going all in bonds for now… good luck to everyone with your 401ks.
What do you think about this. TSP 5% for the match, Roth IRA maxed out, then come back to TSP? For the sake of controlling what you’re invested in.
Idk rich u might be wrong this time! I would absolutely advise to PANIC SELL during a Martian Invasion!!!
Im not able to put the maximum every year. What I can do is every time I get a step increase or promotion I increase my contribution 1%. It doesn't max you out but it slowly increases without hitting the wallet as hard.
im doing 50% C fund and 50% S fund.
should i change it to 100% C fund? because that geezer walter buffet you were talking about said the s&p 500 is so great.
As always, great content Rich!
Well said Rich – Semper FI
I agree