Quarterly vs Monthly payouts

[Elgallo]

Once I retire I beleive I'm going to seriously consider taking my TSP out in quartly installments. Doing this doubled the length of time my current principal would last given the identical assumptions of drawing $2500 p/mo, and realizing a 6% ROI, Inflation of 3% and life expectency of living 30 years past retirement at 65.

Run your own #'s to see at:

http://online2.statefarm.com/SFCalculators/execute.do?nextPage=RetirementSavingsCalculator

With this new insight, I may just be retireing sooner than I ever imagened!

 

[Zebra]

heck I did not even know you could take it out quarterly

 

[Elgallo]

heck I did not even know you could take it out quarterly

My guess is you can't with the TSP.

With my wife's Fidelity retirement account that's not a problem.

Aren't we lucky working for the gubmint!

DECEMBER 31, 2011 and it cannot come quick enough.

 

[Gumby]

My guess is you can't with the TSP.

With my wife's Fidelity retirement account that's not a problem.

Aren't we lucky working for the gubmint!



DECEMBER 31, 2011 and it cannot come quick enough.

Hey man..you are going to miss out on the 2012 COLA

 

[nasa1974]

My guess is you can't with the TSP.

With my wife's Fidelity retirement account that's not a problem.

Aren't we lucky working for the gubmint!

DECEMBER 31, 2011 and it cannot come quick enough.

Elgallo, all the best for end of the year. I started checking because I was thinking end of year 2011. But retiring June 1, 2012 means another $150 month in the pay check. That's my plan and I can change it if I want.

 

[Elgallo]

Thanks Nasa.

I was concerned that every little bit counts dollar wise and kept staying for what amounts to peanuts in the long run.

My wife and I recently went through an assesment of where we are financialy and I must say I was pleasently suprised, and she became "confortable" with the fact that I was going to pull the plug which as you know is very important for domestic tranquility if you know what I mean.

I strongly suggest anyone planning to retire get stress tested prior to the event. You may just discover, as I did, that ya dont have to wait for the "next banana". Roll a few bucks into a Fidelity account and the representivitve will do the financial eval for free.

 

[nasa1974]

Thanks Nasa.

I was concerned that every little bit counts dollar wise and kept staying for what amounts to peanuts in the long run.

My wife and I recently went through an assesment of where we are financialy and I must say I was pleasently suprised, and she became "confortable" with the fact that I was going to pull the plug which as you know is very important for domestic tranquility if you know what I mean.

I strongly suggest anyone planning to retire get stress tested prior to the event. You may just discover, as I did, that ya dont have to wait for the "next banana". Roll a few bucks into a Fidelity account and the representivitve will do the financial eval for free.

We have been talking about my retirement for about 6 months now.