The contribution limit for TSP in 2023 is $22,500 or $30,000 for 50 or older. My TSP strategy is to max out my contribution every year. How long do you think it'll take to reach 7 figures if I max out my contribution every year? 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨🏫 1:1 Financial Coaching 👩🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - HSA vs FSA - Is Cash King or Trash? - Tax-Free Dividend Income - Pay 0% Capital Gains Taxes - For sponsorships and business inquiries, please contact media@firepsychat.com. ⏰ Table of Contents ⏰ 0:00 TSP Allocation Strategy 6:58 TSP Investment Strategy #FIREPsyChat #FinancialIndependence #TSP 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence, or seek the advice of a licensed advisor if necessary. Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons....(read more)
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When it comes to achieving financial independence, careful planning and strategic investing are key. For federal employees, the Thrift Savings Plan (TSP) can be a valuable tool in achieving financial freedom. In 2023, my TSP investment strategy involves a combination of diversification and risk management. My overall portfolio will consist of roughly 60% stocks and 40% bonds. Within my stock allocation, I plan to invest heavily in growth-oriented funds, such as the C Fund and the S Fund. These funds consist of stocks that are expected to experience above-average growth in the coming years. While they come with some additional risk, I believe that investing in growth-oriented funds will pay off in the long run. In addition to growth-oriented funds, I will also allocate a portion of my stock allocation to more stable, income-oriented funds, such as the F Fund. These funds may have lower growth potential, but they provide a steady stream of income that can help balance out the riskier investments in my portfolio. Within my bond allocation, I plan to invest in a mix of government and corporate bonds. While government bonds provide a higher level of safety and stability, corporate bonds can offer higher returns. By investing in both, I aim to reap the benefits of both safety and returns. One important aspect of my investment strategy will be regular rebalancing of my portfolio. Over time, as certain assets perform better than others, my portfolio may become unbalanced. Rebalancing ensures that I maintain the desired asset allocation, and helps to mitigate risk. Another important component of my investment strategy is setting realistic expectations for returns. While it may be tempting to expect high returns in the short term, investing is a long-term game. By setting realistic expectations for returns, I can avoid making impulsive decisions and stay on track towards my financial goals. In total, my TSP investment strategy aims to achieve a balance of growth, stability, and risk management. By diversifying my portfolio and regularly rebalancing, I aim to achieve long-term financial independence with the help of the TSP. https://inflationprotection.org/my-1-9-million-tsp-investment-strategy-in-2023-financial-independence-with-tsp/?feed_id=76147&_unique_id=640555c176bdc #Inflation #Retirement #GoldIRA #Wealth #Investing #financialindependencewithTSP #FIREmovement #howdoestspworkformilitary #RetireearlywithTSP #rothtsp #theThriftSavingsPlanforBeginners #thriftsavingsplan #thriftsavingsplanexplained #thriftsavingsplanfunds #thriftsavingsplanhelp #thriftsavingsplanmatch #thriftsavingsplanmilitary #TSPallocationstrategy #tspcfund #tspemployermatch #tspinvestingstrategy #tspinvestmentstrategy #tspmilitarysavingsplan #tspsavingsplan #tspstrategy #ThriftSavingsPlan #financialindependencewithTSP #FIREmovement #howdoestspworkformilitary #RetireearlywithTSP #rothtsp #theThriftSavingsPlanforBeginners #thriftsavingsplan #thriftsavingsplanexplained #thriftsavingsplanfunds #thriftsavingsplanhelp #thriftsavingsplanmatch #thriftsavingsplanmilitary #TSPallocationstrategy #tspcfund #tspemployermatch #tspinvestingstrategy #tspinvestmentstrategy #tspmilitarysavingsplan #tspsavingsplan #tspstrategy
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