Posted on Sep 10, 2016
SGT(P) Squad Leader
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I am new to the whole system and inside of my packet was a sheet indicating several different funds and recommended percentages for each based on when you will need the retirement funding back. Has anyone been successful using anything other than the "G Fund"? Being a new TSP contributor, I want to ensure that I am doing everything I can to prepare myself for financial security in the future.
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Edited >1 y ago
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Responses: 7
Lt Col Jim Coe
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Recommend you check out smart401k.com. It's a website run by Financial Engines. They specialize in answering this type of question.
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Maj Marty Hogan
Maj Marty Hogan
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Great answer Lt Col Jim Coe I have never visited this site, but will be shortly
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Maj Marty Hogan
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I always tell new guys before you do anything find out what your risk factor is and go from there. G fund is the safest then the F, then you have most risk in the C,S and I. I would not recommend the life style ones as you don;t control your $$. Baby steps- and ensure you are getting your self paid first as much as you can sock away. Read and educate yourself.
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SGT(P) Squad Leader
SGT(P) (Join to see)
>1 y
Thank you sir. I have been reading up on them and I am currently just holding it all back into the G fund until I determine the best route to take.
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Maj Marty Hogan
Maj Marty Hogan
>1 y
SGT(P) (Join to see) - If you ever need anything- not a financial advisory, but have been in the TSP since 1988. I tended to be much more aggressive early in my 20s and 30s and now that I am in my 50s I have hedged about 40% into the G. My focus now is utilizing my catchup to build Roth wealth in the next few years. Just drop me a message and will see how I can help.
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MSgt Michael Bischoff
MSgt Michael Bischoff
>1 y
Maj Marty Hogan - I agree sir I have done the same!!
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MSgt John McGowan
MSgt John McGowan
>1 y
PFC. It also depends on the type person you are. The most aggressive plan is usually the most likely to loose money but can also make more money. Now I am the type person who doesn't like to gamble when it comes to investments. So I go with the most safe. But that's me, others may go wide open. It's what you can live with.
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LTC John Shaw
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If your timeline is 20 years choose L 2050 or a mix of 50% C, 20% I, 20% S, and 10% G or F.
You can also call USAA and they will offer free advice on how to setup for their own offering. Equity offers you the best opportunity for long-term wealth
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