The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
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
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!
My DWCPF was positive! it paid for my Happy Hour drink. :laugh:
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
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, if your balances, for example, are: G (33.3%) C (27.7%), S(38.2%), F (.08%), you can make unlimited IFTs lby doing: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
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).
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.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
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
Yep, I learned it from you, Tom.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
Yep, I learned it from you, Tom.