↓↓ CHECK OUT THE TSP MILLIONAIRE GUIDE BELOW ↓↓
► Subscribe to My Channel Here:
—
Cooper Mitchell helps federal employees better understand their benefits and helps them retire on their terms. Using financial planning and investment management, Cooper is able to tackle the issues that are unique to federal employees.
Cooper is also a public speaker who is available for various federal conferences and events.
Find Cooper here:
Website:
Work with Cooper:
Facebook:
Email: cooper@fedretirementplanning.com
—
As always, enjoy, and please subscribe!
—
© Copyright Fed Retirement Planning 2017, All Rights Reserved…(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
Do you have any tips for others on their journey to becoming TSP Millionaires? Let me know!
Great advice on becoming a TSP millionaire although you forgot the most important factor of starting early so you achieve the magic of compounding interest over a 35 year period.Time is the number one factor.A 25 year old needs to only save 10% for 40 years but a 35 year old would have to save 3 times as much to achieve the same result and a 45 yar old would have to save 10 times as much
Yeah but we wernt printing trillions of dollars. How will that effect our money?
Usually saw forex and crypto trading as a side thing till I started making thousands of dollars from it, having an expert handle my account while I take care of my daily work has been the best part.
Mr. Cooper,
Don't see the link. I will be retiring on 12/31/2021. Any tip to improve my TSP.
Come on – with your specialty, you should say something that’s ahead of other’s curve, not 30 years but 25 or even 20 years.
Garage gym reviews Coop in the office this is amazing.
It’s not interest unless your are in the G fund. Stick to weight machine reviews.
This video Say's it all sir , with the help of Mr Romero pieto and his good trading services am on my way to making millions.
Coop! Do you have an evil twin that does workout equipment reviews, ha. Good stuff
I'm 55 yrs. I'm currently investing 25% in the initial G Fund. My GOAL is at least 50%. 7 yrs til i hit my 30 mark. only been back in the fed govt about 10 yrs. Some military years as well. I don't think the C Fund would benefit me now. But great information.
Is it possible to do this in just 15 years? Or less?
Tsp to athene fixed index annuities which pays until 94. Connie dello buono, 4088541883 , connie@connielifeins.com , 0G60621
03:19 Maximize TSP Contributions; 04:49 Choose a TSP allocation; 07:21 Patience
How do we know which fund is best to invest in?
What do you think about tsp strategies based off historical data for each fund? These strategies have a mean % of above 30 percent each year
The issue that I had with TSP is that there are no DRIPs. It's a mutual fund that tracks indexes yet, you're telling me in a index you have no stocks that offer dividend payouts? Separated from the service in 2013 (i.e. don't contribute anymore) never really checked my share holdings so long as the total value of account went up. But surprised to find out recently that my shares remained the same. Sure the value goes up, but that leaves me entirely at the mercy of the stock market. At least with DRIPs, when the stock market goes into a recession (i.e now) I can recoup those losses and more when the market recovers.
If this still doesn't make sense…. let me give a quick explanation… Coca Cola (KO) is a dividend paying stock, it is qualified dividend but that doesn't matter for IRA or R-IRA. If I have 100 shares of KO, @ $45. My account is worth $4500. Because Coca Cola pays about 3% dividends annually. I can expect to make $135 from them which I could reinvest into KO to buy 3 shares my first year, bringing my total shares to 103. (It'll actually be a bit higher since it is compounded quarterly but for simplicity's sake)
Over the course of 7 years as in my case, I could've expected to earn just about 23 more shares of (KO) bringing my overall total shares to 123. So why does this matter? Well when the market goes into a recession… Let's say KO is now worth only $32, my current 100 shares of KO without dividends as is the case with my TSP shares brings my account down to $3200. Whereas those 123 shares of KO with DRIPs gives my account a value of $3936. The former rings alarm bells, the latter at least gives me room and comfort to hold my account.
I guess those DRIPs are reflected in the increased share prices, thus increasing the value of the account, but that is all pretty so long as the market is in a bull… For people who are no longer contributing and are withdrawing, this is an area of concern.
Edit:
This isn't to bash TSP. They have one of the lowest cost to manage your accounts when compared to the competitors in the private-sector especially if you don't have the time or know-how to manage your funds. Index investments are essentially the best way to invest, because the diversification protects you from a single failing company. But again, the issue here, is that we're not getting DRIPs whereas there are plenty of indexes out there that do offer DRIPs.
I wish I had heard your video close to 35-years-ago. There were fellow employees who acted like "financial experts" and would use fear to get you to stay in the G Fund. Shortly, once I met a real financial expert with a securities license, I was able to argue intelligently with these mindless idiots. I showed one co-worker my TSP statement. He almost started crying and asked how I did that. I told him by talking to someone who could legally tell me what funds I should be in. That guy never saw retirement. He passed of Lou Gerrick's Disease at age 54. I did very well but could have done even better. The only help my employer and my union gave was to do the 5% matching funds. 24% of all federal employees do not do the matching funds; they are throwing away "free" money. At least my union contacted each individual employee to tell them they really needed to do that if they wanted to have something to retire on.
What funds do you recommend? And at what percentages?
Which one better traditional or Roth ?
thanks
Sit Stil, you make me dizzy!
What fund is best to invest ? Should I invest L fund too? Can u please tell me
they say young people now will need more than $1 million to live by the time they retire.
Goddamn it Cooper, lets do this thing.
Thank you.
if you invested 18,000 dollars and had no interest, how did you make 1million in 55 years if anything?
Cramer is an idiot! Don't ever listen to him!!!!
Why aren't the L funds as good as the C fund?
Can you please tell me what percent should I put on Roth tsp because I have no ideas how much should I do
I'm in the L fund for 2040 The time I when I reach retirement. I invest ten percent into the Roth tsp, because I prefer to have the taxes done now rather than later. I've done the L fund since it blends all of finds together, (not to put all eggs in one basket). What's your attitude toward the L fund? Do you consider that sensible or not?