Maricar19 Account Talk

Which TSP option/s did or will you choose upon Retirement?

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If I do decide for a withdrawal, I think I will opt for the life-expectancy and then see how things go until 59. Right now, I plan to leave it be for the first few years into retirement because my wife has an additional two years to go and I plan to work part time and work the system in the markets.

Looking forward to whatever life brings!
 
Maricar. How do find time to research all this retirement info if you are working for the post office? :D I'm freakin' exhausted after I get off work and barely have the energy to do much other than shower, eat, pop some ibuprofen and go to bed. You must be a clerk! Just kidding...clerks work damn hard too! I appreciate your research very much....saves me the energy. Maybe you should take the next VERA and work as a retirement specialist for the post office. You'd make some good side coin. You wouldn't have to dip into your TSP account. :laugh: ��
 
KKathy... Spouse is a carrier so I know what you are talking about being tired and all that..and is the reason I am doing all these research on TSP, retirement, et al is because spouse expressed desire to retire in 2 (two) years at 57 years old...tired from walking with 4 bundle, bs from management, etc.

You are gonna hate me...LOL...I was a clerk for ten (10) years, but when the kids got into college, I availed of the different postal programs, became a supervisor, and then got the degree and the MBA and moved up some more...and now relaxed when I get home..just taking care of mate...

Still hate me? He he he!
PS, that's what people say...I am a walking Retirement Manual, but not really..reading the others' commentary on Tsptalk site makes me realize I don't know much. I feel sorry for our employees, retirement counseling is via phone not face to face.


konakathy said:
Maricar. How do find time to research all this retirement info ...You must be a clerk! Just kidding...clerks work damn hard too! I appreciate your research very much....saves me the energy. Maybe you should take the next VERA and work as a retirement specialist for the post office. :laugh: ��
Click to expand...
 
Source 1: page 21 - https://www.tsp.gov/PDF/formspubs/tspbk30.pdf

Withdrawal Options Upon Retirement:
•Make a partial withdrawal. You may make a one-time, single-payment, partial withdrawal (but only if you had not previously made an age-based in-service withdrawal).

•Make a full withdrawal. You have three options to withdraw your entire TSP account balance:
– A single payment
– TSP monthly payments
– An annuity (purchased for you from the TSP’s annuity vendor at a minimum of $3,500)7
You can combine any of these three full withdrawal options.

You can also have the TSP transfer part or all of certain types of withdrawals to a traditional IRA, an eligible employer plan, or a Roth IRA. When considering your withdrawal options, use the calculators on the TSP website to estimate the amount of annuity payments or monthly payments you might receive.
 
Oh, brother....there is always one in a postal family that will go over to the dark side! :laugh: My sister just retired last month; she was a Manager in the Pacific Area and is so overjoyed not to be apart of the postal system bureaucracy bs anymore. I have 525 days, 13 hours, 22 minutes and 43 seconds left to get the hell out of dodge. -and unless I win that Mega Millions next week.. It will be 2 days ! Wish me luck.
 
konakathy said:
Oh, brother....there is always one in a postal family that will go over to the dark side! :laugh: My sister just retired last month; she was a Manager in the Pacific Area and is so overjoyed not to be apart of the postal system bureaucracy bs anymore. I have 525 days, 13 hours, 22 minutes and 43 seconds left to get the hell out of dodge. -and unless I win that Mega Millions next week.. It will be 2 days ! Wish me luck.
Click to expand...

Wish you luck with the Mega.., but you have to have the same numbers as my ticket...because I 'll win the mega!
Ain't the truth? Always a black sheep in the family...LOL
 
I voted 3 options:

-Keep in TSP until 70
-Rollover to outside IRA
-Not Sure Yet

I'm still only 2 years into my TSP with a long way to go, so nothing set in stone for a while. I will hopefully have 2 retirements by my 50's with BOP and military, so I will try to maximize as much as I can until I need to take it out and enjoy as much of my remaining life as possible with my wife.
 
Started 2015 withe -$493.00. As of this morning, my total gains for 2015, is +$17,000.
Equities are down today, so I am doomed.
Gotta wait....again. Shouldn't be greedy!
BUT my goal is 7%-10% per year, is that being greedy?
 
Maricar19 said:
As of this morning, my total gains for 2015, is +/- $17,000.
Equities are down today, so I am doomed.
Gotta wait....again. Shouldn't be greedy!
BUT my goal is 7%-10% per year, is that being greedy?
Click to expand...


I retire in 13 months (caveat). I am up $25,000 as of January 1st just by following one of the Premium systems (almost - I bailed back to G fund on Wednesday). I am up over 6% this year alone. So no, IMO you are not being greedy but you have other factors to consider in comparison with someone who is in L Funds with 10+ years to go.

I look at what percenatge I calculate I will need to earn for any given year so that I maintain and grow my overall balance and still receive my monthly payments that I plan on taking out. This last year in service will be my "test" year so to speak. If I can do this (manage my account) now, I will do it part time in semi-retirement for myself. But, I remind myself that I can balance earning/growing with caution (I pulled back two days ago - bucking the current trend) that I will need to survive in retirement.

There will be more opportunities this year to get to 12-14% (My goal). I am trying to balance caution with growth and isn't that what the market is supposed to be about? Good luck and have fun! If I don't get to 12-14%, no big deal, my monthly payments have been based on a 7% return. And this year with caution, I almost there.

You almost need to listen to Kenny Rogers' "The Gambler" playing in the backgrouns when you log in to TSP before you push that IFT execute button!

Frank
 
Lakebound said:
I retire in 13 months (caveat). I am up $25,000 as of January 1st just by following one of the Premium systems (almost - I bailed back to G fund on Wednesday). I am up over 6% this year alone. So no, IMO you are not being greedy but you have other factors to consider in comparison with someone who is in L Funds with 10+ years to go.

There will be more opportunities this year to get to 12-14% (My goal). ..


Frank
Click to expand...

I agree..it is still early in the game...and with subscription to premium services, I am sure I can recoup that. Looking back last year, one of them didn't move -held "S" from February to June.

I'll have my 30 yrs. by December of this year...so I am in retirement mode, too.

Good luck to both us...
 
My Path to Retirement
1.Accumulate as much annual leave (Maximum is 708 hours)so that there's cash to start with while waiting for HR to compute my retirement pension..
2. Pay off all debts, if possible.
3. Start house repairs, sell the house in preparation for a downsizing to a 2 bedroom house with a very small yard, no more than 10 minutes to mow the grass, but big enough to have a vegetable garden of tomatoes, okra, eggplant, upo, bittermelon, bell pepper, jalapeños and green beans.
4. Start looking for a tax friendly state: no snow, no hurricanes and no earthquakes.
5. Consolidate all IRAs.
To be continued...
 
Browsing TSPTalk website, I came across Rule #2 about creating an account talk:

"Rule #2. When your user profile is created, you must create an "Account Talk" thread in our “Members Account Talk” form. Please discuss your strategy, and reasons for your transactions in your “Account Talk” thread."

I guess that made me squirm...I don't know squat about stocks' trend, what factors will influence their upward/downward movement, etc., etc. tried to understand the charts, graphs posted in the site, but you can't teach an old dog new tricks...

All I know is to "try" to keep invested 80% of the time, have a diversified portfolio ( I guess index funds like C and S count?), take more risk and enjoy the roller coaster!
 
Lakebound said:
If I do decide for a withdrawal, I think I will opt for the life-expectancy and then see how things go until 59. Right now, I plan to leave it be for the first few years into retirement because my wife has an additional two years to go and I plan to work part time and work the system in the markets.

Looking forward to whatever life brings!
Click to expand...

Lbound, If I am correct, you will be retiring as a LEO? I guess you are one of the special groups that can work without worrying about exceeding the supplemental insurance until you reach your MRA. For regular retirees like us, we have to watch the earnings threshold.
 
Continuation of thread #14-My path to Retirement
TSP

•Make a full withdrawal using a combo of the three options to withdraw my entire TSP account balance:
– A single payment to pay off mortgage in case house does not sell quick enough. If house sells quick enough, then do a world tour for 6 months.
– Upon return from world tour, set up TSP monthly payments to augment our FERS pension and SRS until 60 when military pension kicks in. (I know, a lot of eyebrows raised about spending for world tour and touching TSP, but we would like to enjoy)
As soon as military pension kicks in, reduce TSP monthly withdrawal by same amount until 62.
And then stop TSP withdrawals completely and just let it grow again.
– Will not opt for annuity
Crazy plan? Well, sometimes you just gotta let go...
 
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