Browsing: G Fund

Q: I am 39 years old, an officer of 14 years in the Marine Corps, married (she’s 37) with 4 beautiful children, have 1 car payment worth 25,000k, don’t own a house or mortgage, and have spent the better part of the last 6 years paying off my student loans which were above $69k when we started. We are, thankfully, now in a position to begin investments especially considering we have a solid emergency savings established and very little consumer debt (the car is it and NO credit card debt…we’ve been working hard). I am considering starting the ROTH TSP…

Q. I am a 24-year-old male Marine. I have all my money in the G Fund ($2,500), but I never knew anything about TSP. I never knew the control I had over my portfolio. The only advice I have is what I can remember from my high school economics teacher back in 2010. He told me that while I am young I can afford to invest in riskier funds. As I grow older and get closer to retirement, I need to relocate those to something like the G Fund. So today I put my future investments to go 70 percent, 20 percent…

Q. I retired from the USPS on Nov. 28, 2014. I was a FERS employee with 35 years of federal service and was 57 when I retired. I transferred my TSP to an IRA in May 2015, I was told that I could not withdraw from my TSP until I was 59 1/2 without paying a penalty. I figured why not move it to an IRA. After reading the many questions on your website and your answers I now realize that this was not true, since we are in late 2015, and the money was transferred in May. Is there a way to go back…

Q. I am 62 and plan on retiring in the next few months. My goal is to have $4000 per month after taxes in retirement income. My FERS annuity and Social Security get me to about $4100, pre-tax. I have $350,000 in my TSP. I figure that if I can take out a partial withdrawal of $50,000 for emergency funds and liquidity purposes, stay invested in the G Fund with the remainder, take equal monthly payments of $1300 and meet my post-tax income goal, then my TSP should last at least until I’m 87, when I don’t expect to need it…

Q. I became a federal employee in August 2012. Until recently, I was only contributing three percent of my income, but I was recently promoted and am able to contribute five percent. I have approximately $10,000 in my TSP and would like to retire in about 27 years (at which point, I will be 67). I’ve been contributing 95 percent to the 2040 plan and an additional five percent to the G Fund. Is this too conservative? The TSP is the only retirement account I have. Given the current market climate, what should my fund allocations be? My current salary is $63,722. I hope…

Q. I am not a government employee with almost eight years of civil service completed, and 100 percent of what I invest goes into the G Fund. I’m 37 years old. I started investing later, so I am behind, with a current balance of $11,000. Which fund should I have my money going into? I don’t want to work until I’m 70 because I failed to invest properly. I want to see my money grow so that when I do retire, I am comfortable.

Q. I just read in Federal Times online that the TSP G Fund might be cut out completely. I am 100 percent invested in it. I have about 6-7 years until I retire. I have $68,000 in it currently. I cannot afford for that to be taken away from me. What happens to my money if Congress gets rid of it? Do I lose all my money?

Q. When I retired 5 years ago, I transferred all of my savings to the L Fund that was close to my life expectancy. I’ll be required to start withdrawing the RMD in 2018. With all of the uncertainty going on with the stock market, should I move the money I have left to the safe G Fund or stick with the L Fund for the long run?

Q. I am a federal employee and have been eligible to retire for a while, but I wasn’t ready until now. Within nine months I will have retired. I am one that converted way back when from CSRS to FERS. I am 67 and a half years old (already drawing my SSA, which I started at 65 when I reached 100 percent) and will be 68 and a half years old when I retire. Within 2 years after retiring, I will be required to start taking my minimum withdrawals. Several things: I am concerned with the recent money market fluctuations and…

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