Rustynutt
Member
Ok folks, it's began!
Came into work New Years Eve to check if I've missed something over the Holidays.
Sure enough, in the dreaded NMCI email account was a notice from Personnel with a letter approving a VERA VISP!
Was kind of elated, until reading the date. It was received here on December 12th, and for whatever reason was not forwarded to me until December 21st. SOP I guess.....Funny how long a few days can seem, even after 30 years have passed.
Titled this transition thread as many members here do follow up on some of their after retirement escapades, and share experience during the "transition".
As was stated in another’s retirement thread, I too have been told by HR locally that last payout, annual leave, and the buyout is paid fairly quick. If not, we are prepared to eat hotdogs for a little while. As I am FERS, the interim annuity as I understand will not be calculated with the FERS offset pay, so until that is sorted out, it could be tight. Kind of why taking the VISP might be wise, not knowing if another would be available during the period I'd like to exit service.
I'm not completely decided on which way to go with the TSP just yet. Think i'll have at least a month after exiting to decide on what to do there. Kind of glad I missed the October VERA offer, this year will have much less tax liability, and do have a small portion of the TSP set aside to clear up debt that I don't want to carry, but would have taken considerable time to continue paying. I know, not the best solution, but it is what it is.
Also just completed a refinance on the balance of the home mortgage. Again, yes, not the ideal situation, but now our house payment is about $750.00/month, which is manageable. We are 5 years away from making a firm decision on to sell, or keep this place as primary and buy a small shack with open boards in the Sierra's somewhere for a get away .
Will follow up next Wednesday, have to figure out why DEFAS changed my FERS Cumulative Retirement from over 10K to about 500 bucks two paydays ago. No one here can answer why, and DEFAS requires payroll here to go through channels to discover information such as that.
Happy New Years to all here!
Both scared and elated at the same time,
Rustynutt
Came into work New Years Eve to check if I've missed something over the Holidays.
Sure enough, in the dreaded NMCI email account was a notice from Personnel with a letter approving a VERA VISP!
Was kind of elated, until reading the date. It was received here on December 12th, and for whatever reason was not forwarded to me until December 21st. SOP I guess.....Funny how long a few days can seem, even after 30 years have passed.
Titled this transition thread as many members here do follow up on some of their after retirement escapades, and share experience during the "transition".
As was stated in another’s retirement thread, I too have been told by HR locally that last payout, annual leave, and the buyout is paid fairly quick. If not, we are prepared to eat hotdogs for a little while. As I am FERS, the interim annuity as I understand will not be calculated with the FERS offset pay, so until that is sorted out, it could be tight. Kind of why taking the VISP might be wise, not knowing if another would be available during the period I'd like to exit service.
I'm not completely decided on which way to go with the TSP just yet. Think i'll have at least a month after exiting to decide on what to do there. Kind of glad I missed the October VERA offer, this year will have much less tax liability, and do have a small portion of the TSP set aside to clear up debt that I don't want to carry, but would have taken considerable time to continue paying. I know, not the best solution, but it is what it is.
Also just completed a refinance on the balance of the home mortgage. Again, yes, not the ideal situation, but now our house payment is about $750.00/month, which is manageable. We are 5 years away from making a firm decision on to sell, or keep this place as primary and buy a small shack with open boards in the Sierra's somewhere for a get away .
Will follow up next Wednesday, have to figure out why DEFAS changed my FERS Cumulative Retirement from over 10K to about 500 bucks two paydays ago. No one here can answer why, and DEFAS requires payroll here to go through channels to discover information such as that.
Happy New Years to all here!
Both scared and elated at the same time,
Rustynutt