Should You Be A TSP Millionaire? | Thrift Savings Plan (pt. 2)

by | Sep 21, 2022 | Thrift Savings Plan

Should You Be A TSP Millionaire? | Thrift Savings Plan (pt. 2)




We go over the 5 TSP funds and give our opinion about being a TSP millionaire.

Everyone wants to be a millionaire. Everyone wants to be wealthy. But is the TSP the best way to get there? Sure the TSP is a great retirement fund! With the blended retirement system you get a free 5% match! But how much more money should you be throwing in every month? Does the amount of money that you put in every month in excess of 5% really benefit your future goals of reaching a passive income lifestyle? Maybe once you get to the age of retirement, but will it when you’re 30, 40, 50? No! That’s why there needs to be a balance. You want to put in a healthy amount of money to ensure that you’re safe when you go to retire, but if you’re giving up all your liquid cash, how can you ever have excess to invest in more lucrative investments? That’s why we think you should make the most out of your money by investing in the C, S, and I funds, but keeping some money aside to pursue some more rewarding investments.

—-5 TSP Funds (technically 6 with the L Fund, but F that)—-

G & F: Bonds – Low return but you’re getting a same investment. Straight to the point though.. it’s not worth it. Not unless you’re over 50-55

C, S, & I: Stocks – You’re going to make much more money with this and it is going to scale much faster. It’s slightly riskier, but these funds have averaged high numbers for a while. If you’re under 50, we seriously recommend investing solely in these. If you’re less than 30.. honestly you’re just missing out on money for nothing.

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We’re not saying to put $1000 a month into the TSP. For one, we think that’s pretty unreasonable, and two, we think it’s actually better to take some of that money and invest it into some other things. Yes you can become a tsp millionaire, but we’re talking about how your can make a million dollars in the next 5-10 years. NOT at retirement. But your should contribute at least 5% to get that 5% free money from the DoD.

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Welcome to Liberty For The Brave! The FIRST uncensored veteran YouTube page (yeah..challenge us) to show Active Duty Military & Military Veterans the very best ways to take advantage of their military benefits with real ACTIONABLE STEPS, while providing high quality and entertaining videos to remind you about the insane and funny shit that happens in the military.

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*Disclaimer* We like America. We like the military (even though we had a pretty shitty time). But we don’t represent the military; we represent people who were in the military. People in the military are rough & unfiltered. We wanted to make a group that was an extension of that and your life in the military. We don’t shit on the military. **This group is not for kids**

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