-
Welcome to the TSP Talk Forums forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content, join our AutoTracker, and access many other special features. Registration is simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact us. -
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
20% Off Annual Premium Subscriptions!*
Ends Jan 18... Click Here For More Information
* For new or current subscribers -
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Lakebound's Account Talk
- Thread starter Lakebound
- Start date
Lakebound
Member
Lakebound
Member
Using the 72t calculator, it is that simple? I have questions.
Due to the generosity of people here I was shown the link to 72tnet and more particularly the calculator used there: SEPP Payment Calculator
My question is this: After calculating and receiving the three distribution methods: Minimum, Amortization and Annuity, which one can I use?
Without getting too personal, who here has used this calculator? What is the procedure for making your choice at retirement? And what distribution method did you use?
I am a FED LEO and I plan to begin a full withdrawal a month after separation and want to have a plan together.
Thanks,
Frank
Due to the generosity of people here I was shown the link to 72tnet and more particularly the calculator used there: SEPP Payment Calculator
My question is this: After calculating and receiving the three distribution methods: Minimum, Amortization and Annuity, which one can I use?
Without getting too personal, who here has used this calculator? What is the procedure for making your choice at retirement? And what distribution method did you use?
I am a FED LEO and I plan to begin a full withdrawal a month after separation and want to have a plan together.
Thanks,
Frank
Mcqlives
Active member
Re: Using the 72t calculator, it is that simple? I have questions.
Frank,
I am in the same boat as you with 5 left till my personal target date and 10 till mandatory. I have 2 buddies that each had about 400g in at retirement and they have been doing the 72t thing for a few years now. One more form at tax time and it offsets their retirement check/SSSup so they are at about the same take home (both live in states that do not tax retiree's income) as when they were working. They tell me their TSP balance is continuing to grow (they manage it actively) so they should be good for a long time to come.
I'm planning on 72t'ing my TSP but my hard question is more along the lines of taking care of the wife if I go before her (kids will be grown and gone before I'm 60). Do I get another term policy to go till I'm 70/75/80??? Do I do the survivor benefit??? Both???
Frank,
I am in the same boat as you with 5 left till my personal target date and 10 till mandatory. I have 2 buddies that each had about 400g in at retirement and they have been doing the 72t thing for a few years now. One more form at tax time and it offsets their retirement check/SSSup so they are at about the same take home (both live in states that do not tax retiree's income) as when they were working. They tell me their TSP balance is continuing to grow (they manage it actively) so they should be good for a long time to come.
I'm planning on 72t'ing my TSP but my hard question is more along the lines of taking care of the wife if I go before her (kids will be grown and gone before I'm 60). Do I get another term policy to go till I'm 70/75/80??? Do I do the survivor benefit??? Both???
Lakebound
Member
Re: Using the 72t calculator, it is that simple? I have questions.
I hope that we can both get some answers to assist us in our retirement planning.
Frank
Sent from my XT907 using Tapatalk
I hope that we can both get some answers to assist us in our retirement planning.
Frank
Sent from my XT907 using Tapatalk
Lakebound
Member
It's been awhile since I posted. But, I just pulled the trigger on my 2nd IFT for April and moving out of the market for awhile. I'm fatigued at the lack of consistancy and leadership in the market lately. So, in practice for retirement I am moving to safe haven for awhile to lock in first quarter earnings of about 8% or so depending upon what the market does today.
My 72T withdrawal calculations and future withdrawal calculations are based upon a 5.5%-7% ARR so, I'm ahead of that now. I would like to build my fund more but these 2 steps forward, 7 steps back days are too much to deal with right now. I don't like hovering over the market all the time and I want to live my life.
So, what this means for everybody else if a nice signal for you to buy what I just sold because I guarantee values will skyrocket.
Frank
My 72T withdrawal calculations and future withdrawal calculations are based upon a 5.5%-7% ARR so, I'm ahead of that now. I would like to build my fund more but these 2 steps forward, 7 steps back days are too much to deal with right now. I don't like hovering over the market all the time and I want to live my life.
So, what this means for everybody else if a nice signal for you to buy what I just sold because I guarantee values will skyrocket.
Frank
Lakebound
Member
Teach me how to rebalance my account throughout the month with 1% IFT's
Okay. So for the most part I have been either a Lifecycle guy or as of late, all in 100% in a particular fund. But, earlier in this month I went with a personalized blend if you will in G, C,S and I.
I have heard that you can essentially "cheat" the IFT limit by moving a certain percentage around to round up to whole numbers.
Can someone please help me learn how to do this? I'm slow witted so, please make your explanation a "IFT's for Dummies" style response.
Thanking you in advance.
Frank
Okay. So for the most part I have been either a Lifecycle guy or as of late, all in 100% in a particular fund. But, earlier in this month I went with a personalized blend if you will in G, C,S and I.
I have heard that you can essentially "cheat" the IFT limit by moving a certain percentage around to round up to whole numbers.
Can someone please help me learn how to do this? I'm slow witted so, please make your explanation a "IFT's for Dummies" style response.
Thanking you in advance.
Frank
Maricar19
Active member
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
G 33%, C 28%, S 39% and F 0% or G 34%, C 27%, and S 39%.
It's just a matter of rounding up or down each fund, less than 1% change for each fund at a time.
the next time your balances are not whole percentages again, you can re-balance again to make them whole.
or you can do unlimited IFT moves from C,S,F in small increments to G(only).
Frank, if your balances, for example, are: G (33.3%) C (27.7%), S(38.2%), F (.08%), you can make unlimited IFTs lby doing:
G 33%, C 28%, S 39% and F 0% or G 34%, C 27%, and S 39%.
It's just a matter of rounding up or down each fund, less than 1% change for each fund at a time.
the next time your balances are not whole percentages again, you can re-balance again to make them whole.
or you can do unlimited IFT moves from C,S,F in small increments to G(only).
Lakebound
Member
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
Thank you!
Frank
Thank you!
Frank
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
http://www.tsptalk.com/mb/tsp-transactions-q-and-a/ (<1% IFT Option (read only))
BUT I found it on archive.org...
http://web.archive.org/web/20131024...ccount-talk/7825-1%-ift-option-read-only.html
I am having a hard time getting the thread that this is in to come up (link issues). This is where it is supposed to be but the link won't work.
http://www.tsptalk.com/mb/tsp-transactions-q-and-a/ (<1% IFT Option (read only))
BUT I found it on archive.org...
http://web.archive.org/web/20131024...ccount-talk/7825-1%-ift-option-read-only.html
Lakebound
Member
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
Tom,
Thank you also for going into the "Way Back Machine" and helping me and many others out with this question.
Frank
Tom,
Thank you also for going into the "Way Back Machine" and helping me and many others out with this question.
Frank
Maricar19
Active member
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
Yep, I learned it from you, Tom.
Lakebound
Member
Re: Teach me how to rebalance my account throughout the month with 1% IFT's
I'm still nervous about trying it. Will I get an error message from the TSP.gov site if I try to so something wrong after using 2 IFT's?
Frank
I'm still nervous about trying it. Will I get an error message from the TSP.gov site if I try to so something wrong after using 2 IFT's?
Frank
exnavyew
Well-known member
Re: Using the 72t calculator, it is that simple? I have questions.
If you have used BOTH IFT's for the month you can still alter your allocation a max of 1% per day.
For example, say you have 60.50% S-Fund and 39.50% G-Fund. And you want to increase the S-fund. Request an IFT of 61.00% S-fund 39.00% G-Fund and it will be so altered the next transaction day. (You round UP to the next highest 1% increment). A day or so later your S-Fund is say 61.05%. You request an IFT of 62% S-Fund and 38% G-fund and so on.
Clear as mud?
Obviously you can't make major changes this way but you can pick up (or lose) some extra nickels this way. I've done it a couple of times and it works and I've never gotten any 'nastygrams' from TSP. Good Luck! :smile:
If you have used BOTH IFT's for the month you can still alter your allocation a max of 1% per day.
For example, say you have 60.50% S-Fund and 39.50% G-Fund. And you want to increase the S-fund. Request an IFT of 61.00% S-fund 39.00% G-Fund and it will be so altered the next transaction day. (You round UP to the next highest 1% increment). A day or so later your S-Fund is say 61.05%. You request an IFT of 62% S-Fund and 38% G-fund and so on.
Clear as mud?
Obviously you can't make major changes this way but you can pick up (or lose) some extra nickels this way. I've done it a couple of times and it works and I've never gotten any 'nastygrams' from TSP. Good Luck! :smile:
Similar threads
- Article