Glad to finally find a site where the TSP is discussed

[evilanne]

Greeting Midge! Glad everything is working out for you. I do like the Life Expectancy option, did it for 6 years and had 18% higher balance at the end of the period. Just recently switched to small fixed payments.
Happy Trails!

 

[Scout333]

Welcome Midge! Lots of really smart folks here!

 

[tsptalk]

Welcome Midge!

Thanks for joining us. If you have any questions, please let us know, and hopefully we will be able to pick you brain about some retirement questions.

Tom

 

[TommyIV]

We're happy to have you grammymidge!

It's great to hear your strategy you've used with your TSP into retirement. Is there anything you would have done differently in retrospect?

 

[grammymidge]

You can call me Midge. I am a 68 year old FERS retiree with a retirement commencement date of July 2, 2014. I took a 100% withdrawal from my TSP with a 3 way split of a lifetime annuity, a lump sum payment to pay off the house, and a monthly disbursement in January 2015 which I never stopped even though the law now allows me to do son if I wanted. I know that most here believe that an annuity purchase was not one that I should have chosen but it's too late and the monthly income over the last decade has been a nice extra to have after my Federal retirement annuity and social security. At times, particularly when the market has gone kaka, it was needed believe me. Anyway I am glad to be here and am looking forward to conversing with you all.