How To Change Your TSP Allocations | Thrift Savings Plan
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This is a down and dirty video showcasing exactly what you need to know about how to change your TSP allocations, and contribution allocations!
#thriftsavingsplan #tsp #tspfunds
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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase “I don’t get paid enough” entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!
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I have no idea what you’re talking about, what is allocation ? Tradition vs Roth ? What is C and S Funds ?
I’m from the islands third world country , so I want knowledge . Pls and thank you .
How would you position yourself today given the state of things? Assuming letting it stay for 20 years
Great video, may you discuss TSP interfund transfers? Will a interfund transfer from TSP G fund to TSP C fund cause penalty fees or an additional tax event by the IRS or TSP?
I'm currently in Military sealift Command, I really appreciate this video. I just did the I Fund and S Fund. Thank you and Also I just subscribed.
Not seeing my original comment, so I'm deciding to write another. First, thank you for the video and all the content you share. I am definitely finding this helpful. My question is: Does being active duty for 20 years impact the TSP in anyway? I've heard some indicate that it does. If so, could you provide that information?
I'm about to transfer my G fund over to C and bump up contributions, since we are basically below everything I contributed last year with the recent dip in the market. Crazy how much we struggle with the TSP, luckily you and others are passing on the word. I tell my subordinates all the time, and make sure they are using TSP correctly… sucks all I had was a TSP pamphlet that you slide up to see how much you could make at retirement age, if you contribute, but not how/what to put the money in.
I’m coming up on 2 years in and my first full year in I did 9% contribution + 1% match with 100% of it the L2060 fund because I knew I was going be in a very hectic first year and didn’t know if I’d have a lot of time to pay a ton of attention to my TSP. 2021 I made 18.18% return on investment with 100% going into L2060. I’m very hesitant to move my allocations to a more 65/35 C/S fund split because of how well I did with L2060 and I’ll be on deployment coming up shortly and know I won’t be able to access my account often at all. Should I just let it ride being at 18.18% is an amazing return or should I move to a more aggressively
This was amazing!!!! Thank you!
can i do c and s and just leave it for 4 years?
Thanks!
13 years AD enlisted. Started TSP @ 10 yrs (I know)all in G. Splitting all of it BETWEEN C/S in hopes to catch up by 22 yrs in.
how do you plan on putting your funds for 2022
I’m putting 600 dollar in Roth Ira every month . My tsp balance is 45k . I’m putting 70% on C fund , 20 % on S fund and 10% on i Fund . 32 yrs old and planning to retire at 60.
Wow glad I found your page I’ve been contributing only towards the G fund I’m taking to about going to 75% in the C fund now
Great video. Answered a lot of my questions I had with the TSP. Currently going with 80% C and 20 in S
I just got into my tsp today for the first time since i got out 4years ago. It's been sitting in the G fund the whole time and has about 5k. This blows.
we were not offered TSP when I was in the Navy
I have been working for the federal government since 2008. and i only have 80k
I lost hundreds of thousands for lack of knowledge and understanding. Damn it hurts!!!
Love the transparency. You learn way more!