I lost $10 today but only have $1000 invested so far, is that right?

[Petunia 100]

My plan is to take it out at age 54, (in 6 yrs) but it's not set in stone.
It mainly depends how long this one client lives who I am with 50% of my shift, the remainder I supervise many Clients.
But don't want to do this job that much longer. We might open a Security Company down the line

If not, then pull it out age 59.5

It's going into a safe, built in a hidden place in the house

I knew it would flexuate but wasn't ready for a whole $10 change in one day in a good economy.
Loosing a dollar here or there I expected. If I need to wait longer to withdraw, that's fine. I'll quit watching it so often!
They send out a quarterly statement anyhow

That could be very expensive tax-wise. Consider instead rolling that money to an IRA and withdrawing the funds slowly over time.

[Like2Plan]

There are no special rules based on your occupation. However, LEOs and firefighters have 457 plans, not 401k plans. (Their employers are municipalities, not for-profit private companies.) The rules are different.

Petunia,
I was referring to the TSP. There are some occupations which have a 25 year retire at any age provision. Congress passed legislation recently that allows for withdrawal at age 50 (if retiring under the 25 year provision) without having to pay the 10% penalty.

https://www.fedsmith.com/2015/06/29/bill-exempting-some-feds-from-tsp-withdrawal-penalty-becomes-law/

https://www.tsp.gov/PDF/bulletins/15-04.html

[Petunia 100]

It is a designated inheritance for our kin. We won't need to actually ever use the money.
So if the market spirals downward, we can easily keep it invested longer
Paycheck-20% of it is a ROTH401k, the other 70% is traditional 401k

Have you considered just giving some money each year to your son, so that he can invest that money in his own Roth IRA?

[Petunia 100]

Petunia,
I was referring to the TSP. There are some occupations which have a 25 year retire at any age provision. Congress passed legislation recently that allows for withdrawal at age 50 (if retiring under the 25 year provision) without having to pay the 10% penalty.

https://www.fedsmith.com/2015/06/29/bill-exempting-some-feds-from-tsp-withdrawal-penalty-becomes-law/

https://www.tsp.gov/PDF/bulletins/15-04.html

Thank you for this info, Like2Plan.

[Like2Plan]

Outdoorsygal,
How are you holding up? Have you peeked?