olefoggie's Account Talk

[olefoggie]

Fellow postal near retirement workers w/o inheritances from well off parents, or wealthy spouses just humble meager postal wages living big expenseive places like san fran ect.
Working since 16y.o .
Last year retired 32, 33 years from P.O.
Significant other , girlfriend, friends w/ benefits, partner , ex wife ect. well may make it retirement even harder first they don't wan to hear you that's why im here..
Basicaly S.S. if yer fers well they take medicare and supplemental mandatory health payment out of yer meager monthly benefit.
FERS pension well they w/ hold $92 a month for taxes.
Those two fixed incomes will be lifeline that's supposed to keep you from slipping into dire poverty good luck w/ that.
Now if ya were able to save money in a checking account well good luck w/ .5% interest rate or nothing.
If ya were risk averse like me and lucky enough to put in 10% in the big G fund of course well ok ya may have a little beer money in retirement.
Other retirement bombs are oh partner tells ya shes 20,000 in credit card debt and course all of a sudden I retire now she retires.
Nuclear Bomb the D word is also part of retirement and lucky if ya can give her a lump of cash that is just to have her leave yer baby nest egg g fund, pension and penny annie ss monthly benefit alone.
Well then guess yer considered a succsesfull retire.
All I can say is well good luck in retirement and any comments questions, advice, and or 2 cent's all welcome
thank you very much!!!
Living in hog heaven somewhere lost near the golden bridge of the world.:notrust:

 

[uscfanhawaii]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

????
I can't tell....what are you trying to say (or ask) ? :soapbox::rant:

 

[uscfanhawaii]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

Ahhh, OK. I see now. You started another thread when it was actually a continuation of your first thread, RETIRED never in stock fund Just meager G fund Should i Put tsp balance in C fund? .

I recommend you merge the 2 threads and rename it "olefoggie's account talk". TSPtalk (Tom) can do this for you. Then you will have continuity in your thread.

you have a very difficult decision ahead of you. Lots of people here can give you suggestions. Weigh them all before you decide.

Good Luck!!!

 

[GREENBAYPACKERS]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

Fellow postal near retirement workers w/o inheritances from well off parents, or wealthy spouses just humble meager postal wages living big expenseive places like san fran ect.
Working since 16y.o .
Last year retired 32, 33 years from P.O.
Significant other , girlfriend, friends w/ benefits, partner , ex wife ect. well may make it retirement even harder first they don't wan to hear you that's why im here..
Basicaly S.S. if yer fers well they take medicare and supplemental mandatory health payment out of yer meager monthly benefit.
FERS pension well they w/ hold $92 a month for taxes.
Those two fixed incomes will be lifeline that's supposed to keep you from slipping into dire poverty good luck w/ that.
Now if ya were able to save money in a checking account well good luck w/ .5% interest rate or nothing.
If ya were risk averse like me and lucky enough to put in 10% in the big G fund of course well ok ya may have a little beer money in retirement.
Other retirement bombs are oh partner tells ya shes 20,000 in credit card debt and course all of a sudden I retire now she retires.
Nuclear Bomb the D word is also part of retirement and lucky if ya can give her a lump of cash that is just to have her leave yer baby nest egg g fund, pension and penny annie ss monthly benefit alone.
Well then guess yer considered a succsesfull retire.
All I can say is well good luck in retirement and any comments questions, advice, and or 2 cent's all welcome
thank you very much!!!
Living in hog heaven somewhere lost near the golden bridge of the world.:notrust:

What. The. ****.

 

[RazorCat]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

I'm a little foggie about what your saying/asking???
Might just be me.

 

[olefoggie]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

how to edit it?

I'm a little foggie about what your saying/asking???
Might just be me.

 

[RazorCat]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

how to edit it?

Just copy and paste the original and add a few details so we have a clearer picture of your situation.
Its all good.
BTW, welcome to TSPtalk. Glad to have you aboard.

 

[uscfanhawaii]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

how to edit it?

see my comment in #3, below.

 

[olefoggie]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

(this refers to how hard retirement may be financially )
Fellow postal near retirement workers w/o inheritances from well off parents, or wealthy spouses just humble meager postal wages living big expenseive places like san fran ect.
Working since 16y.o .(this means all ive done is work whole life)
Last year retired 32, 33 years from P.O. (years at P.O.)
Significant other , girlfriend, friends w/ benefits, partner , ex wife ect. well may make it retirement even harder first they don't wan to hear you that's why im here.. ( means if you think your secure in you relationship think again, you may be big bread winner, compared to who ever your with)
Basicaly S.S. if yer fers well they take medicare and supplemental mandatory health payment out of yer meager monthly benefit. ( means how little your Social security and FERS pension actually are)
FERS pension well they w/ hold $92 a month for taxes.
Those two fixed incomes will be lifeline that's supposed to keep you from slipping into dire poverty good luck w/ that.
( referring to cost of living on 2 fixed incomes versus working)
Now if ya were able to save money in a checking account well good luck w/ .5% interest rate or nothing.
If ya were risk averse like me and lucky enough to put in 10% in the big G fund of course well ok ya may have a little beer money in retirement. ( a sarcasm)
Other retirement bombs are oh partner tells ya shes 20,000 in credit card debt and course all of a sudden I retire now she retires. (this can actualy occur)
Nuclear Bomb the D word is also part of retirement and lucky if ya can give her a lump of cash that is just to have her leave yer baby nest egg g fund, pension and penny annie ss monthly benefit alone.
(Refers to mutual negotiation versus two lawyers in a divorce)
Well then guess yer considered a succsesfull retire. Sarcasm cause its still very hard to get by on fixed income)
All I can say is well good luck in retirement and any comments questions, advice, and or 2 cent's all welcome
thank you very much!!! ( sarcasm for what you think youll have great life in retirement w/ lotta money if you did not have inheritance or windfall in stocks c fund ect or have a high income earning partner, or anything close to that it will be tuff in retirement more than would ever think it could be)
Living in hog heaven somewhere lost near the golden bridge of the world ( Sarcasm).:notrust:

oki

 

[olefoggie]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

ok I edited my original post thank you:1244:

 

[olefoggie]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

Just copy and paste the original and add a few details so we have a clearer picture of your situation.
Its all good.
BTW, welcome to TSPtalk. Glad to have you aboard.

ok thank you :1244:

 

[uscfanhawaii]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

I put this in your other thread, but thought it might better be included here:

One thing to consider....you will probably be in retirement for a lot of years. Maybe 30. That's a long time, and G will not get you through it. G will continue to lose to inflation over those years.

L Income is a good idea. And if you can tolerate a little more risk, go to one of the outlying L Funds. L2020, L2030, L2050. The higher the targeted year, the higher return (but also higher risk/volatility).

And of course, you don't have to do it all at once. You have 2 IFTs per month. You can split it up and just transfer a little at a time. this is especially important if you DO go to all C. It will reduce your risk of putting all your Funds in C, only to see the market drop on you. If you are going in to C a little at a time, it doesn't matter near as much whether the market is going up or down. It will average out.

Good Luck. Let us know what you decide.

 

[1965Vintage]

I actually read that whole post. And I have to tell you that I really couldn't afford to lose the brain cells I lost after reading it. :laugh:

Anyway, welcome to TSP talk! :smile:

 

[olefoggie]

uh yeah my rep for talking and thinking definitely off the charts!!!!!!!!!!!!!

I actually read that whole post. And I have to tell you that I really couldn't afford to lose the brain cells I lost after reading it. :laugh:

Anyway, welcome to TSP talk! :smile:

 

[olefoggie]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

More questions than awnsers.#1 how much boredom can I stand.
#2 will snakes in congress eliminate or cut SOCIAL security, medicare
#3 Will cost of medicare and supplemental mandatory goo through the roof ??
#4 Like w/ inflation all go up cept ss benefit and pension benefit.
#5 one wrong move medically more cost
#6 accident heaven forbid!!!
##7 House you own loses all equity cause of financial debt collapse or dollar collapse.
#8 anything else that may come to mind!!!!!!

I put this in your other thread, but thought it might better be included here:

One thing to consider....you will probably be in retirement for a lot of years. Maybe 30. That's a long time, and G will not get you through it. G will continue to lose to inflation over those years.

L Income is a good idea. And if you can tolerate a little more risk, go to one of the outlying L Funds. L2020, L2030, L2050. The higher the targeted year, the higher return (but also higher risk/volatility).

And of course, you don't have to do it all at once. You have 2 IFTs per month. You can split it up and just transfer a little at a time. this is especially important if you DO go to all C. It will reduce your risk of putting all your Funds in C, only to see the market drop on you. If you are going in to C a little at a time, it doesn't matter near as much whether the market is going up or down. It will average out.

Good Luck. Let us know what you decide.

 

[pmaloney]

Re: RETIRED fun in the sun brotha please!!!!!!!!!!!!!

You are incredibly ahead of the game owning your house. Be optimistic in a bull market like we are in and invest and then retreat to bonds (F) or Treasuries (G) when things reverse. :smile: