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TSP Funds Head Up Again in April

Still Happy

PERSEC
Army
Mon May 4, 2009 12:39 AM

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Well when the economy started sinking and the housing market crashed I posted on a previous article that I had now switch to investing alot in the I fund since it was down the furthest.

Several people on here told me that was crazy and this "was the end" and acted like Armegeddon was on the way. I'm certainly glad I stuck with it now. I promised then I would be laughing when it turned around, and I was right.

Alleluia

Retired USDA
National Finance Center
Mon May 4, 2009 10:19 AM

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Thank goodness it is going up. My TSP continued to stay in the black for the last 10 years. But this turn down cost me - I'm down to 18 payments remaining. With a turn around it may be extended.

I have since gone back to work as a contractor for government which will keep me solvent until I can retire again. Of course I lost my SS payment. Can't double dip and earn extra income. I still pay taxes and SS, but I can't make more than gov wants me to make. What a terrible way to run a business.

Stay the course

Security Agent
DHS
Mon May 4, 2009 11:28 AM

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Dollar cost averaging works as long as you have 5+ years to leave your money alone. If you mess with it, you loose!

Re: Stay the course

Firefighter
USFS
Mon May 4, 2009 9:46 PM
When would be a good indicator to switch my higher risk C fund profile to the L2020? I am 40 and will be eligible for retirement in 2021. I was thinking when to Dow crests 9000? Any thoughts?

Re: Stay the course

Fiscally Responsible Fed
Somewhere
Tue May 5, 2009 8:18 AM
Firefighter. Think of when you will actually draw your funds and then work backwards. I thought I was going to retire at 55 and I am going to remain on another 2.5 years until January 2012. You might want to consider L-2030.

I was totally in L-2020 as I was advised to be more aggressive, and someone recently opined to wait until Dow hits 10000 to go 50/50 with L-2010.

I have instead decided to move gradually at each Dow 1000 milestone as I did at Dow 8000--I left 90% in L-2020 and put 4% in L-2010, 3% each in L-Income and in G. I will do the same again (80/8/6/6) when Dow hits 10000. Now that's just my plan for gradually moving into safer funds as I get closer to retirement.

I am not a "day trader" but I want to protect my shares in safer funds as I get closer to when I will use actually them. Who knows if the rebound will be as quick as the drop? No one. But I have adopted this plan which I will stick with for at least three years, or until I begin drawing on the funds.

TSP

Reformed Conservative
DFAS
Mon May 4, 2009 12:53 PM

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Is anyone else concerned that, with the Chinese having cut their credit, Congress will find an excuse to "borrow" our TSP money? I have been concerned about this for several months, and if it happens, I see no way to stop it. (Who would you complain to--your Congressman?)

Re: TSP

Instructor
DoD
Tue May 5, 2009 5:14 AM
No. I'm no more worried about TSP than I am my stocks or my personal bank accounts. They are my property. Unlike Social Security. I could cash out my TSP tommorrow if I wanted to, even though I would have to pay taxes and a penalty. I could give it to someone if I wanted to. It's made of real money. I could do none of this with Social Security which is just numbers on a piece of paper and is only as good as what they want to pay out. The TSP thing is just fear-mongering on the back of what we should really be concerned about: Social Security.
Total Comments: 7
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