Pension

[nasa1974]

LOL !!! Ain't THAT the truth !!!

I set up a monthly withdrawal from TSP from the time I retired until the time the supplement went away (and I could claim SS ; at age 62 ; which I did). The rest of the TSP, I rolled over into a self-directed Brokerage IRA with USAA....withdrawal as needed. Rolled the Wife's 403(b) retirement into a similar account.

We've tapped our accounts a few times, like for our bucket list trip to Australia and New Zealand, but haven't withdrawn anything in 2019 or YTD 2020... New Bucket list trips have been kinda' screwed by Corona...and we're not getting any younger !!!

Now I gotta start looking at the impact of the required minimum distribution calcs...Wife hits that age first...

Talk about a headache !!!

Sorry, Gibsonman, for hijacking your thread ! :worried:


Stoplight...

Hey Stoplight. We loved Australia and New Zealand. This COVID sure put a damper on our vacation travels. We had 4 cruises lined up this year, one being a family cruise with the daughters and their families. Not sure what we will do for 2021.

Haven't had to tap my TSP yet or the wife's 401 since I'm still working after failing retirement in 2014. Going retirement 2.0 sometime late summer next year. Just applied for SS for both of us late last month. Figured might as well get it while we can.

Take care.

 

[Stoplight]

Hey Stoplight. We loved Australia and New Zealand. This COVID sure put a damper on our vacation travels. We had 4 cruises lined up this year, one being a family cruise with the daughters and their families. Not sure what we will do for 2021.

Haven't had to tap my TSP yet or the wife's 401 since I'm still working after failing retirement in 2014. Going retirement 2.0 sometime late summer next year. Just applied for SS for both of us late last month. Figured might as well get it while we can.

Take care.

Hey, NASA !!! Thanks for weighing in !!!

I, on the other hand, have passed retirement with flying colors !!! Nary a thought about getting a job again... I assume you're still working 'cause you like what you're doing ???

Yeah, we LOVED our freestyle Australia and then structured New Zealand cruise, too !!! We should probably continue this discussion in Tom's "Vacation" thread !!! See me in the Lounge..."What Trips are you Planning ?" !!! I'll buy you a beer !!!


Stoplight...

 

[gibsonman]

no worries

 

[Stoplight]

Gib,

I'm blessed...my FERS pension is based on a high-three, as a GS-14, in DC...ya gotta make the sacrifice !!!

Retired as a GS-12 in FL !!! Go figure !!!

Monthly gross FERS pension is $2478...


Stoplight...

 

[gibsonman]

Bottom line is knowing your expenses and being debt free.....if you can bring home (net) what you are making while working and have TSP to last 30+ years you are pretty golden