Lakebound's Account Talk

[Lakebound]

Update on pension timeline for those close to retirement:

After retirement, last paycheck was of course on time. Approximately 2 weeks later, final annual leave check payment deposit made.

And today, first partial pension deposit was made. From start to finish, one month has elapsed.

Both my retirement counselor and OPM did a nice job for me.

I strongly recommend that those planning got retirement try to choose one of OPM's suggested "best dates to retire on".

Mine was 4/30/16 , and it really seems to help get your pension moving.

Frank


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[kave]

thanks Frank!

 

[Maricar19]

Update on pension timeline for those close to retirement:

After retirement, last paycheck was of course on time. Approximately 2 weeks later, final annual leave check payment deposit made.

And today, first partial pension deposit was made. From start to finish, one month has elapsed.

Both my retirement counselor and OPM did a nice job for me.

I strongly recommend that those planning got retirement try to choose one of OPM's suggested "best dates to retire on".

Mine was 4/30/16 , and it really seems to help get your pension moving.

Frank


Sent from my XT1080 using Tapatalk

I retired same time as you did. However, I haven't received my pension check nor my terminal leave check. I still don't have a CSA#.

 

[nnuut]

It's better now, in 2010 it took me 9 Months to finalize everything.

 

[Lakebound]

I retired same time as you did. However, I haven't received my pension check nor my terminal leave check. I still don't have a CSA#.

A couple of things. Your Leave check really rests with who does your Time and attendance. Also, your retirement counselor had to be on the ball for you too.

My hope for you is that June will be the month that everything comes together for you.

Frank

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[Lakebound]

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:

Coming back to this question again: can I rebalance all four funds this way on one day? Or does it have to be between G fund and another fund only? I ask because I would like to trim a little off F fund at the moment and bump S fund as well as tweak C and G.

Make sense?

Frank

 

[Cactus]

Re: Using the 72t calculator, it is that simple? I have questions.

You can rebalance all 5 funds this way. For example if your funds are now:

96% G, 0.9% F, 1.1% C, 1.2%S, 0.8% I

you should be able to rebalance them to:

94% G, 1.0% F, 2.0% C, 2.0%S, 1.0% I

I think this works because TSP rebalances the L funds this way every trading day. Speaking of which, if you had a bit in all 5 L funds you should be able to rebalance them along with the other 5 funds.

 

[Lakebound]

Re: Using the 72t calculator, it is that simple? I have questions.

You can rebalance all 5 funds this way. For example if your funds are now:

96% G, 0.9% F, 1.1% C, 1.2%S, 0.8% I

you should be able to rebalance them to:

94% G, 1.0% F, 2.0% C, 2.0%S, 1.0% I

Thanks! I'll give that a go today!

Frank

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[jkenjohnson]

Re: Using the 72t calculator, it is that simple? I have questions.

You can rebalance all 5 funds this way. For example if your funds are now:

96% G, 0.9% F, 1.1% C, 1.2%S, 0.8% I

you should be able to rebalance them to:

94% G, 1.0% F, 2.0% C, 2.0%S, 1.0% I

I think this works because TSP rebalances the L funds this way every trading day. Speaking of which, if you had a bit in all 5 L funds you should be able to rebalance them along with the other 5 funds.

Is it 94 or 95? 96 to 94 is a 2% change.

 

[Lakebound]

Re: Using the 72t calculator, it is that simple? I have questions.

Is it 94 or 95? 96 to 94 is a 2% change.

I wondered about that too. Went with a round up to no more than 1% today to remain safe.

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[jkenjohnson]

Re: Using the 72t calculator, it is that simple? I have questions.

I think that is safe.

 

[Lakebound]

Re: Using the 72t calculator, it is that simple? I have questions.

I think that is safe.

We'll see tomorrow and Friday when I try the same things!

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[Cactus]

The examples I've seen bumped up the F, C, S & I funds each by just under 1% and dropping the G Fund by a corresponding just under 4%. I haven't tried it myself but my understanding is you can't increase any one of the non-G Funds by more than 1%. It has to come from somewhere so the drop could be greater than 1% if it all comes from one fund.

The real issue is what the TSP website is going to accept. You can always try it. If the web site accepts it you're in -- if not you will have to see what went wrong and try something else.

You can try it again on Friday. Notice that this only works every other trading day because after the trade you have integer allocations until the market changes it the following day. What you are doing here is rounding your allocations to integer values.

 

[Lakebound]

The examples I've seen bumped up the F, C, S & I funds each by just under 1% and dropping the G Fund by a corresponding just under 4%. I haven't tried it myself but my understanding is you can't increase any one of the non-G Funds by more than 1%. It has to come from somewhere so the drop could be greater than 1% if it all comes from one fund.

The real issue is what the TSP website is going to accept. You can always try it. If the web site accepts it you're in -- if not you will have to see what went wrong and try something else.

You can try it again on Friday. Notice that this only works every other trading day because after the trade you have integer allocations until the market changes it the following day.

Wonderful clarification, thank you

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[burrocrat]

I haven't tried it myself but my understanding is you can't increase any one of the non-G Funds by more than 1%.

actually, you can increase any fund you have something in, by less than 1% (which is probably why the strategery is called <1%) up to an even percentage.if you adjust all/any funds by less than 1% up or down to an even percentage today, you will not be able to adjust them tomorrow because they will be at xx.00% and therefor ineligible for a less than 1% move until the next closing adjusts their price and as such the percentage of your portfolio they represent.

 

[Lakebound]

actually, you can increase any fund you have something in, by less than 1% (which is probably why the strategery is called <1%) up to an even percentage.if you adjust all/any funds by less than 1% up or down to an even percentage today, you will not be able to adjust them tomorrow because they will be at xx.00% and therefor ineligible for a less than 1% move until the next closing adjusts their price and as such the percentage of your portfolio they represent.

Correct. Cannot adjust every trading day. Every other day as needed.

Frank

 

[burrocrat]

Correct. Cannot adjust every trading day. Every other day as needed.

Frank

after studying it, i tried it once. early in the month i moved halfway in, then all the way in, then mostly out leaving 1% in each fund including the "L" funds. for the rest of the month given every other day <1% adjustments and counting for the days the finished at exactly even xx.00% on their own with no help from me... i was able to move about 1/4th of my money back in. over the course of an entire remainder of the month.

so i got disenchanted with tsp and the ift limits at that point. let me tell you something... if you are in an investment vehicle and the most you can do to take advantage of an opportunity is to move 25% of your entire portfolio into equities over the course of a month... you will get eaten alive by the nimble market. simple as that.

so that's when i started developing my "hit and git" trading strategery. some trades are better than others, some years are better than others. but overall not too shabby swingin for the fence with my hands ziptied behind my back with a 4 hour delay blindfold over my eyes.

except for $10,000 mad money, i am getting out of tsp at the earliest opportunity.

 

[Lakebound]

The method worked well as I moved things around again today. This works for me because a. I am pleased with my balance b. I am invested in the markets in a conservative manner at the moment.

To each his/her own.

 

[Lakebound]

Update on pension timeline for those close to retirement:

After retirement, last paycheck was of course on time. Approximately 2 weeks later, final annual leave check payment deposit made.

And today, first partial pension deposit was made. From start to finish, one month has elapsed.

Both my retirement counselor and OPM did a nice job for me.

I strongly recommend that those planning got retirement try to choose one of OPM's suggested "best dates to retire on".

Mine was 4/30/16 , and it really seems to help get your pension moving.

Frank


Sent from my XT1080 using Tapatalk

Final pension update.

My pension was finalized Monday 7/18/16. And this morning, I received a nice deposit from OPM for the back pay owed while in interim pay status. August 1, 2016 will be my first full pension payment and I couldn't be happier really. The amount of my pension was almost to the penny what my pre-retirement calculation predicted it would be. So, from April 30, 2016 until today having followed a prudent pattern of 1. Personal savings 2. Managing my annual leave balance prior to submitting my retirement packet 3. Budgeting properly. I can tell you that I really haven't worried for one single minute of any day about how I would pay my bills.

For those soon to retire, follow the pattern. Don't just get pissed off and drop the bomb on your agency. It may sound nice to do that and it will feel good until you get to the parking lot. But trust me, no one will miss you a week later. Someone will do your job. So, go out with class and grace. Plan your retirement and save your annual leave, submit your retirement packet 3-6 months before you want to retire, stay in touch with your retirement counselor bi-weekly even if just to say hello and ask if there is anything that you can do.

I've heard horror stories, I don't doubt that they have happened. But, contribute the effort on your part so that you can at least say "I did everything that I could to help myself". After all, it's YOUR retirement, not theirs.

Frank

 

[weatherweenie]

Final pension update.

My pension was finalized Monday 7/18/16. And this morning, I received a nice deposit from OPM for the back pay owed while in interim pay status. August 1, 2016 will be my first full pension payment and I couldn't be happier really. The amount of my pension was almost to the penny what my pre-retirement calculation predicted it would be. So, from April 30, 2016 until today having followed a prudent pattern of 1. Personal savings 2. Managing my annual leave balance prior to submitting my retirement packet 3. Budgeting properly. I can tell you that I really haven't worried for one single minute of any day about how I would pay my bills.

For those soon to retire, follow the pattern. Don't just get pissed off and drop the bomb on your agency. It may sound nice to do that and it will feel good until you get to the parking lot. But trust me, no one will miss you a week later. Someone will do your job. So, go out with class and grace. Plan your retirement and save your annual leave, submit your retirement packet 3-6 months before you want to retire, stay in touch with your retirement counselor bi-weekly even if just to say hello and ask if there is anything that you can do.

I've heard horror stories, I don't doubt that they have happened. But, contribute the effort on your part so that you can at least say "I did everything that I could to help myself". After all, it's YOUR retirement, not theirs.

Frank

Thanks for sharing.

It cracks me up, and makes me a little sad, that people think that highly of themselves that they think if they retire on short notice, that's going to really 'stick it to the man'. The only thing that type of person is doing is, screwing over their co-workers and making themselves look immature and petty.