I'm a federal employee millionaire

[DenaliDemocrat]

I got that way by maxing out my contributions to my 401K for 25 years in the C Fund.

I’m not “richer than my federal salary allows”!

Fuck you Elon. Just. Fuck. You.

[Hugin]

1. Just because you planned for the future...

Instead of waking up in your fifties with nothing. I can hear the MAGAt WAAAAAAAMBULANCES starting up now.

That’s what this is really all about. The ants and the grasshoppers.

[mzmolly]

2. I'm so sorry for what you and other federal

workers are experiencing right now.



I'm a public servant, but not at the federal level.

[Retrograde]

3. You're not the only one

I think a lot of us retirees now in our late 60s and early 70s were still influenced by what our parents went through in the 1930s and 40s: you can't depend on a job so look out for yourself. I learned from my parents to put aside a portion of my pay "just in case": over the years living beneath your means can add up to a tidy sum. I was never a federal worker, but the same applies in the private sector - maybe even moreso since company pensions are a thing of the distant past.

[Skittles]

10. my dad survived the Depression, my mum WWII in England

I saved from my very first day on the job......yup. They were people who didn't just think bad things could happen, THEY KNEW THEY COULD.

[Deep State Witch]

4. I'm Close To It

I have about $950,000 in my Thrift Savings Plan. If I would have stayed to 60 like I'd originally planned to, I would probably be a TSP Millionaire. Between COVID and my inheritance from my parents, plus my husband's income, we were both able to retire in our late 50's.

I'm terrified that Eloon and his Dogebags are going to go after TSP.

[Wuddles440]

5. They definitely have the TSP in their sights!

With assets over $850 billion that's an irresistible target for them to pillage. I'm expecting them to take such actions as: limiting account holders access, restricting or terminating withdrawals, or even claiming that this investment vehicle was overly generous to the public servants and funds needed to be returned back to the Treasury. President(s) Mump and their cabal believe that funds in this system belong to them and they can do with them as they desire.

[liberalgunwilltravel]

7. And if they tried that

People are just going to take it? FBI, CIA, NSA, SS, US Marshals? You know, guys and gals with guns? It would be the last those pukes would do, if they even make it that long.

[Wuddles440]

9. They've been using a chainsaw...

in attacking departments and agencies so far. In the future, I'd expect them to use a more surgical approach in executing their objectives. In that respect, they would probably try to avoid antagonizing any LE resources and exempt them from any measures that would adversely impact their TSP/benefits. Of course, they will also have removed any potential dissenters within these agencies prior to initiating such a policy.

[stollen]

16. If that happens

the workers will not tolerate it. The gallows would come out of storage.

[wishstar]

8. I read that Repubs want to to reduce the rate of return on the G fund in particular

even though the G fund earned only a little over 4% in 2024 and in 2023 and never even reached the 5% that many banks and credit unions were offering on CD's. I retired years ago and never had matching contribs as I was under old Civil Service so my account is much lower even after transferring some traditional IRA's into it. But I kept my TSP due to tax advantages and hopefully as a source of monthly income when I'm required to start taking out mandatory withdrawals.

[AllaN01Bear]

6. k and r, k and r.

[yellow dahlia]

11. When the dimwitted MuskRAT was telling the anecdote

about a federal employee who had millions of dollars, and no way she got that on her salary without stealing, I had these immediate thoughts.

1) When they are accusing others of stealing, you know what that means.

2) If (hypothetically) such employee(s) exist, perhaps their spouse makes a ton of money as a lawyer or rock singer...or they (or their spouse) got an inheritance.

I used the word dimwitted on purpose. I do not believe the MuskRAT is a genius with a 150 IQ, as reported. Where is the evidence?

[Abolishinist]

13. Also, how would he know the net worth of ANY federal employees?

This is private information, not something that would be in their employment records.

[yellow dahlia]

15. I wonder if they are cross checking data from different locations.

No one knows what they are doing...no oversight.

[stollen]

12. Me, too. Same reason.

TSP was a great idea. Why weren't matching funds allowed for the military?

[mr715]

14. Congratulations

You earned your money, like a decent human being. You saved your money like a wise human being.

[eppur_se_muova]

17. Is this from the same "efficiency expert" who claimed there were SS beneficiaries 150 years old ?

Because these guys either don't bother to do fact-checking, or they're really, really, really bad at it.

[MichMan]

18. What happened to the posters claiming that 401k are a scam ?

[Yo_Mama_Been_Loggin]

19. I'm retired and have a net worth of about 1.7 mill. for the same reason

I was not a federal employee but I did save.